What Will Happen To US-EU Trade Relations If Trump Wins?

 European Commissioner Valdis Dombrovskis on Friday said the Europeans would be more comfortable dealing with Joe Biden, a challenger to President Donald Trump.

The EU is still facing tariffs imposed by the U.S. on steel and aluminum products. At the same time, the EU also has a conflict with the US over the issue of aircraft subsidies and the EU plans to impose taxes on digital services companies. The two sides also have different views on the trade value of the World Trade Organization (WTO).

Dombrovskis has commented on preparations to be made by the EU ahead of the November 3 presidential election. He told lawmakers that the EU wanted strong transatlantic relations and would work with Washington no matter what the outcome.

Yet he expects that under the new administration it will likely be easier because under Trump negotiations trade negotiations will have more challenges.

On aircraft subsidies, Dombrovskis says that, if there is no agreement, the EU will impose tariffs related to Boeing after the WTO decides on the size of the damages.

Dombrovskis statement was issued in his speech at a hearing in the European Parliament.