President Joe Biden is ready to reverse his predecessor Donald Trump's trade war with Europe, after agreeing last week toslapped by both sides over subsidies for aerospace giants Boeing and Airbus.
prime American exports like bourbon whiskey, jeans, orange juice, tobacco, peanut butter, yachts and Harley-Davidson motorbikesWhile both the EU and U.S. have said they would like to avoid that escalation, there is no immediate way out of this crunch because Biden faces internal pressure from steelmakers, unions and some parts of his party to maintain the steel tariffs.
Those 25 percent tariffs on steel and 10 percent on aluminum are still in place, and the Biden administration hasn’t been eager to cancel them.
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