Commentary: US-EU tariff cease-fire: Like calming children in a sandbox fight

Something as simple as a March 5 telephone call from President Joe Biden to EU Commission President Ursula von der Leyen brought a temporary trade-war cease-fire and a four-month hold on high-volume tariffs imposed by both nations. Hopefully, it points not to months, but to decades, of calm, wealth-enhancing trade for U.S. and European consumers. Because of an ongoing dispute regarding government subsidies of aircraft production, the United States had imposed tariffs on $7.5 billion of consumer goods — including wine, whiskey, cheese, olives and aircraft — exported from Europe. The EU answered…

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HEDGE accordingly