The President of the United States (US) focused this week on global transportation supply chains, namely two American ports on the West Coast of the country. Similar to the US, the British Prime Minister is also focused on supply chain challenges, appointing a person to help advise on the issue.
The US also appears to be advancing its talks with some countries that have imposed digital services taxes (DSTs) that largely target American technology companies. US Trade Representative Katherine Tai visited Italy and Switzerland this week for a series of meetings with foreign trade ministers on the margins of the Group of 20 (G20) Trade and Investment Ministerial, promoting a message about bolstering the World Trade Organization.
The European Commission (EC) presented some new proposals this week aimed at breaking the stalemate with the United Kingdom (UK) over the Northern Ireland Protocol and related disputes. The EC also unveiled a proposal to amend the European Union (EU) Budget for 2021.
In this issue, we also cover:
- COVID-19 highlights among the transatlantic partners;
- The global tax agreement;
- Notable US, EU, and UK developments; and
- A brief UK-EU trade deal update.