USTR's Tai Tells EU Antitrust Chief She Wants "More Positive" Trade Ties


WASHINGTON (Reuters) -    U.S. Trade Representative Katherine Tai on Monday told the European Union's competition commissioner, Margrethe Vestager, that she has a "strong desire to develop a more positive and productive" trade relationship with the EU, USTR said.

USTR said in a statement Tai and Vestager agreed to work together on priorities such as climate change, the digital economy and strengthening U.S.-EU cooperation to deal with large, non-market economies such as China.

The statement did not say whether the two officials discussed Tai's decision on Friday to proceed with preparations for potential tariffs against goods from Austria, Britain, Italy, Spain, India and Turkey over digital services taxes imposed by those countries.

Vestager has long been an advocate for Europe to be a leader in ensuring that technology giants such as Google, Facebook and Apple pay their fair share of  taxes in the region.

USTR investigations launched by the Trump administration found that digital taxes imposed by the six countries and France discriminate against the U.S. tech firms. Tai said on Friday that her move to seek public comments on potential tariffs would preserve U.S. options in case a global consensus on taxes could not be reached. 

The Biden administration has pledged renewed efforts to negotiate a global solution on international taxes through the Organization for Economic Cooperation and Development.

USTR said Tai and Vestager agreed to "regular engagement" in the future.  

 (Reporting by David Lawder; Editing by Leslie Adler)

 

Latest News

Patience Pays Off When Treating BRD

To stay on top of Bovine Respiratory Disease (BRD), producers find patience and persistence are two assets they need in their treatment plans.

Hulett: Packers Push for More Cattle

The spring rally in negotiated cash cattle prices continued last week as trade in the South developed early in the week with packers more aggressive than in recent weeks.

Total Quality Management – A Foundational Approach of BQA

Established product requirements in the beef industry may differ somewhat from one segment of the industry to the next, but there are some common expectations fundamental to each.

Divestment plan leads to ownership changes for 11 feedlots
Peel: Update on Beef Export Markets

Beef exports have evolved significantly in a very dynamic environment of global politics and trade policies; direct and indirect impacts of animal disease outbreaks; and growing beef preferences and consumption.

Carbon Contract Reality: Why Conservation-Minded Farmers May Not Qualify for Private Carbon Programs

The chase to capture carbon continues. It’s a possible new source of income for farmers and ranchers, but it's also bringing a set of challenges and questions. The answer could be both public and private programs.

Cattle Markets Surge Higher In Spring Rally

The reopening of restaurant and foodservice is driving beef demand to pre-pandemic levels and beyond, spiking wholesale beef prices $20 per cwt. higher this week, and more than $34 per cwt. higher over two weeks.