U.S. and E.U. Agree to Suspend Feud Over Aid for Airbus and Boeing – The New York Times

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Ms. Tai described the new agreement as part of Mr. Biden’s effort to conduct what he has called “a foreign policy for the middle class.” She said resolving the dispute would protect 1.2 million jobs in the aerospace sector and related industries.

“The president routinely says that we are strongest when we work with our friends and allies,” she said. “Supporting Boeing means supporting good paying jobs and a strong supply chain here at home.”

Mr. Biden has promised to ease trade tensions with allies, and his decision to meet with the top European Union officials, Ursula von der Leyen, president of the European Commission, and Charles Michel, president of the European Council of member states, was highly appreciated here.

At the Group of 7 summit meeting in Britain, sitting with President Emmanuel Macron of France, Mr. Biden lavished praise on the European Union. “I for one think that the European Union is an incredibly strong and vibrant entity, that has a lot to do with the ability of Western Europe not only to handle its economic issues but provide the backbone and support for NATO,” Mr. Biden said.

That is a marked change from the expressed views of former President Donald J. Trump, who considered the European Union an “economic foe” and competitor and derided NATO members as free-riders on American military spending.

In some ways, the European Union, given its enormous economic power as a market and as a trading bloc, has more impact on American life than any other multilateral institution. Mr. Biden wants more support from the Europeans on restraining the damaging effects of the rise of China, with whom the Europeans do a significant amount of trade.

Source Article from https://www.nytimes.com/2021/06/15/world/europe/US-EU-Airbus-Boeing.html

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