The European Union and the United States have reached an agreement to rein in tit-for-tat tariffs that date back to the Trump administration, officials announced on Saturday. More European-made steel will enter the United States while the EU will tax motorcycles, bourbon whiskey, peanut butter and jeans at only 25% instead of a proposed 50%. President Joe Biden’s latest move, announced while he is at the G20 in Rome, relaxes trade tensions created by ex-president Donald Trump in 2018. What effect will the deal have? Both the White House and European Trade Commissioner Valdis Dombrovskis confirmed Saturday’s deal to “pause” the dispute. Dombrovskis tweeted that the trade pact would be formal …
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