No one at the G-20 Summit right now misses him….
Not a ONE….
The US and Europe can de-escalate trade tiffs….
The Biden administration announced on Saturday that it had reached a deal to roll back tariffs on European steel and aluminum, an agreement that officials said would lower costs on goods like cars and washing machines, reduce carbon emissions, and help get supply chains moving again.
The deal, which comes as President Biden and other world leaders meet at the Group of 20 summit in Rome, is aimed at easing trans-Atlantic trade tensions that had worsened under former President Donald J. Trump, whose administration initially imposed the tariffs. Mr. Biden has made clear he wants to repair relations with the European Union, but the agreement also appears carefully devised to avoid alienating U.S. labor unions and manufacturers that have supported Mr. Biden.
It leaves some protections in place for the American steel and aluminum industry, by transforming the current 25 percent tariff on European steel and 10 percent tariff on aluminum into a so-called tariff rate quota, an arrangement in which higher levels of imports are met with higher duties.
The agreement will put an end to retaliatory tariffs that the European Union had imposed on American products including orange juice, bourbon and motorcycles. It will also avert additional tariffs on American products that were set to go into effect on Dec. 1….
image…Erin Schaff/The New York Times