French Foreign Affairs Minister Jean-Yves Le Drian speaks during a news conference at a meeting to discuss how to push forward stalled Arab-Israeli peace talks, in Amman, Jordan, September 24, 2020. Khalil Mazraawi/Pool via REUTERS/File Photo
PARIS (Reuters) - The European Union and the incoming administration of U.S. President-elect Joe Biden should suspend a trade dispute to give themselves time to find common ground, France’s foreign minister said in remarks published on Sunday.
“The issue that’s poisoning everyone is that of the price escalation and taxes on steel, digital technology, Airbus and more particularly our wine sector,” Jean-Yves Le Drian told Le Journal du Dimanche in an interview.
He said he hoped the sides could find a way to settle the dispute. “It may take time, but in the meantime, we can always order a moratorium,” he added.
At the end of December the United States moved to boost tariffs on French and German aircraft parts, wines and other spirits in the Boeing-Airbus subsidy dispute, but the bloc decided to hold off on retaliation for now.
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Update: France pushes suspension of EU-US trade dispute (Politico)
WNU Editor: Not surprised that the French Foreign Minster wants to suspend this trade dispute. France enjoys a $14+ billion trade surplus with the U.S. .... U.S. trade in Goods with France (U.S. Census).
4 comments:
Democrats are hell bent on planned economies. Not because they know how to bring them about or make them work, but because they believe it will secure their power forever or until their brat's brat.
If they want a planbed economy to make every thng work well, sould they not be able to erase all trade deficits?
If they can not erase trade deficits,
is not their incompetence and lies shown of their policies?
GAME CHANGING
Sundowner, who shuffles to and from the podium to read sound bite speeches from TOTUS, is not going to fix trade deficits.
At some point trade deficits tanks a nation's economy. The result is rampant inflation and declining living standards.
Fred does not address this. Instead he has a teaser to try to pimp his blog.
DD-214 Fred
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