Economics

Biden Gets a $4 Billion Reminder to Patch Trade Ties With Europe

  • President-elect faces a host of trans-Atlantic stalemates
  • Disagreement has festered over aircraft subsidies, digital tax
Photographer: Alex Kraus/Bloomberg
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Barely 48 hours after President-elect Joe Biden pledged to “make America respected around the world again,” the European Union was among the first in line to remind him that trans-Atlantic trade relations might be a good place to start.