Orbex: Trump Administration to Hit EU with Tariffs?

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Despite Democrats and Trump himself pushing a proposal to increase the US stimulus cheques to $2000, Republican Senate majority leader McConnell continued resisting pressure, mixing the legislation with “unrelated and partisan policies”.

Even as the Senate leader kept a tough stance, $600 payment had already started being distributed to American’s on Tuesday night, Treasure Secretary Mnuchin said, pushing markets to new highs.

The Trump administration was efficient in ramping up its tradedispute with the EU though after announcing #tariffs on EU products, allegedly over European aircraft maker #Airbus.

However, it streaks me that the fight over aircraft subsidies escalates around the time EU and China made a historic investment treaty and only days before #Biden’s inauguration.

Hopefully, the situation will de-escalate from Jan 20 onwards.

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