USTR Tai: Very serious about resolving aircraft subsidy disputes with EU

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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