U.S. President Joe Biden departs for Britain on Wednesday on his first trip abroad since taking office, an eight-day mission to rebuild trans-Atlantic ties strained during the Trump era and to reframe relations with Russia. | Reuters
Biden will make his first stop at the seaside village of St. Ives in Cornwall where he will participate in the G7 summit. The meeting is expected to be dominated by vaccine diplomacy, trade, climate and an initiative for rebuilding infrastructure in the developing world. U.S. officials see that effort as a way to counter China’s growing influence.
His push for a global minimum tax on multinational corporations faces opposition at home. G7 finance ministers agreed before the summit to pursue a global minimum tax rate of at least 15% and to allow market countries to tax up to 20% of the excess profits – above a 10% margin – generated by about 100 large, high-profit companies.
Biden will have a meeting with British Prime Minister Boris Johnson on Thursday in Cornwall, a chance to renew the U.S.-British “special relationship” after Britain’s Brexit break from the European Union. Afterwards Biden travels to Brussels for talks with leaders of NATO and the European Union. The agenda is expected to be dominated by Russia, China and the perennial issue of getting NATO allies to contribute more to the common defense.Biden closes out the trip in Geneva for what could prove to be the most difficult meeting of the week – a session with Putin, who had enjoyed friendly relations with Trump.
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