Investors can expect warmer words between Washington and Brussels under a Biden administration. But while trade tensions are likely to abate, an end to the skirmishes over tech and tax that marked the Trump era is too much to hope for.
This week, the European Union imposed $3.99 billion in tariffs on U.S. goods, in retaliation for $7.5 billion of levies that President Trump imposed on European products in October 2019. Both relate to a long-running dispute over subsidies to Airbus and Boeing lodged with the World Trade Organization.
