The EU Response to US Trade Tariffs
The first half of 2018 has seen the start of bilateral trade wars with the US. China initially, but also the EU and others are confronted with high import tariffs on selected goods as part of the US administration’s “America First” rhetoric. We discuss what it means for the EU to face a threat to a long-established alliance with the US. We argue that not only are trade wars a lose-lose game, but that the EU has no option but to retaliate against US economic aggression. The EU’s best o option for damage control is to defend the international multilateral system and maintain open and free trade with the rest of the world. See full paper here.
