Finance Minister Bruno Le Maire says the two countries remain at odds over China and various security issues, even if they had effectively cooperated on overhauling the international tax system.
Tag: Customs (Tariff)
U.S. Signals No Thaw in Trade Relations With China
The Biden administration said it would not immediately remove the Trump administration’s tariffs and would require that Beijing uphold its trade commitments.
U.S. and Europe Announce New Trade Cooperation, but Disputes Linger
A new trade and technology partnership aims to counter China, but tensions over issues like metal tariffs remain.
U.S.-China Trade Talks Should Resume, U.S. Business Groups Say
A letter from influential industry organizations asked the White House to resume negotiations on tariffs and other measures that stalled during a bruising trade war.
Yellen Says China Trade Deal Has ‘Hurt American Consumers’
The Treasury secretary said an agreement made by the Trump administration, which remains under review, had failed to address fundamental problems between the two countries.
Europe Is Proposing a Border Carbon Tax. What Is It and How Will It Work?
Supporters say it could pressure other countries to take stronger climate action. But this novel tool could be tricky to implement.
Your Thursday Briefing
Europe’s bold climate move.
Europe Rolls Out Ambitious Climate Change Plan, but Obstacles Loom
The proposal would impose tariffs on some imports from countries with looser environmental rules. It would also mean the end of sales in the European Union of new gas- and diesel-powered cars in just 14 years.
High Lumber Prices Add Urgency to a Decades-Old Trade Fight
Forced to pay more for wood, home builders want the Biden administration to settle a long-running dispute over Canadian imports. It won’t be easy.
U.S. and E.U. End Aviation Trade Spat and Turn to China’s Rise
The agreement, coming as President Biden met European leaders, ends a 17-year dispute over aircraft subsidies.