The Latest: Biden arrives in Geneva for summit with Putin
The Latest on U.S. President Joe Biden's trip to Europe:
GENEVA — President Joe Biden arrived in Geneva Tuesday for a high-pressure meeting with Russian President Vladimir Putin. That’s after a week-long series of confidence-building meetings between the U.S. leader and his European allies.
Biden held long days of meetings at summits of Group of Seven, NATO and European Union leaders, and he helped secure communiques expressing concern over Russia and China. On Tuesday, he presided over a tension-easing breakthrough in a long-running U.S.-EU trade dispute involving airplane subsidies.
But Biden’s Wednesday meeting with the Russian president is his most highly anticipated.
Biden plans to confront Putin on everything from Moscow’s cyberattacks to its election interference efforts and human rights abuses,. He's said he also hopes to look for areas where the United States and Russia can cooperate and to normalize the historically icy relationship between the two nations.
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BRUSSELS — The trade association for producers and marketers of distilled spirits sold in the United States said the five-year suspension of tariffs outlined in deal between the U.S. and the European Union to end their 17-year dispute over aircraft subsidies will be critical to helping the industry recover from the coronavirus pandemic.
The dispute over subsidies for Boeing and Airbus saw tit-for-tat duties slapped on a range of companies that have nothing to do with aircraft production. The Distilled Spirits Council said the agreement announced Tuesday will end the EU's 25% tariff on U.S. rum, brandy and vodka, as well as the 25% U.S. tariff on liqueurs and cordials from Germany, Ireland, Italy and Spain, and on certain cognacs and other grape brandies from France and Germany.
The council said that removing the tariffs will benefit restaurants, bars and small craft distilleries that had to close during the pandemic. But it noted that the EU and the United Kingdom still have a 25% tariff on American whiskey as part of a steel and aluminum trade dispute stemming from the Trump administration.
“Until steps are taken to permanently remove these tariffs on American whiskeys, the United States’ largest spirits export category will remain at a serious competitive disadvantage in our two most important export markets,” the trade group said.
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BRUSSELS — The United States and the European Union reached a deal Tuesday to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and phase out billions of dollars in punitive tariffs, the U.S. trade envoy said.
U.S. Trade Representative Katherine Tai said the two sides have come to terms on a five-year agreement to suspend the tariffs at the center of the dispute. She said they could be reimplemented if the U.S. companies are not able to “compete fairly” with those in Europe.
“Today’s announcement resolves a long-standing irritant in the U.S.-EU relationship,” Tai said, as President Joe Biden met with EU leaders in Brussels. “Instead of fighting with one of our closest allies, we are finally coming together against a common threat.”
The dispute saw tit-for-tat duties slapped on a range of companies that have nothing to do with aircraft production, from French winemakers to German cookie bakers in Europe and U.S. spirits producers in the United States, among many others.
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BRUSSELS — The United States and the European Union appear close to reaching a deal to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and lift billions of dollars in punitive tariffs.
A person familiar with the discussions said U.S. and EU officials have reached principles of an agreement to end their 17-year dispute over the aircraft subsidies. The person was not authorized to discuss the matter and spoke on the condition of anonymity.
The trade dispute skyrocketed under the Trump administration, and saw tit-for-tat duties slapped on a range of companies that have nothing to do with aircraft production, from French winemakers to U.S. spirits producers.
The U.S. imposed $7.5 billion in tariffs on European exports in 2019 after the World Trade Organization ruled that the EU had not complied with its rulings on subsidies for Airbus, which is based in France. The EU retaliated last November with $4 billion in punitive duties after the WTO ruled that the U.S. had provided illegal subsidies to Boeing.
In March, weeks after Biden had taken office, the two sides agreed to suspend the tariffs.
— By Aamer Madhani
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BRUSSELS — President Joe Biden is seeking to tamp down trade tensions with European allies as he spends one last day consulting with Western democracies ahead of his highly anticipated meeting with Russian President Vladimir Putin.
After a pair of summits with Group of Seven world leaders in the U.K. and then NATO allies in Brussels, Biden meets Tuesday with European Council President Charles Michel and European Commission President Ursula von der Leyen.
The president has sought to marshal widespread European support for his efforts to counter Russia prior to his Wednesday meeting in Geneva with Putin. But the U.S.-EU relationship is not without some tensions.
Biden will meet with the top EU officials as the continent’s leaders are becoming impatient that the American president has not yet addressed Donald Trump’s 2018 decision to impose import taxes on foreign steel and aluminum.
There’s also a longstanding dispute over how much of a government subsidy each side unfairly provides for its aircraft manufacturing giant — Boeing in the United States and Airbus in the EU.