While testifying before the Senate Appropriations Subcommittee, Katherine Tai, the United States Trade Representative, said that she is very serious about resolving aircraft subsidy disputes with the European Union, per Reuters.
Additional takeaways
“Hopeful that EU counterparts recognize the opportunity to resolve aircraft subsidy dispute.”
“Working to examine the performance of China in its commitments under ‘Phase 1’ trade deal.”
“Softwood lumber will always be a component of trade relationship with Canada.”
“Global steel, aluminium excess capacity is distorting the international market, needs cooperation to address.”
Market reaction
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was posting small daily gains at 4,192.
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