Tai: work is underway to strengthen trade with the EU
U.S. Trade Representative Katherine Tai says there is a lot of potential yet to be realized in a U.S.-European Union trading relationship.
She says the four-month period of suspended retaliatory tariffs in response to the Airbus and Boeing disputes is a start.
“A lot of work right now, right out of the gate, is focused on promoting cooperation with the European Union,” she says. “We’re working very hard to focus our teams on truly committing to resolving these 16-year-old disputes that have been litigated through the WTO for almost two decades now.”
Speaking during a recent hearing, Tai said the U.S. is working closely with European counterparts “on a number of different initiatives to strengthen our cooperation including in the areas of addressing global trade disputes like the over capacity in the steel and aluminum sectors and looking at forward-looking initiatives where we can partner effectively to harness all of our shared values economically and politically to address the significant challenges that we face coming from other corners of the world.”
In a statement released today, Tai, U.S. Secretary of Commerce Gina Raimondo, and European Commission Executive Vice President Valdis Dombrovskis announced the start of discussions to address global steel and aluminum excess capacity.