Withdrawing EU tariff retaliation plan ‘a mistake': former EU Trade Commissioner
World Business Report
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Tariffs, Trade Deals, and Transatlantic Tensions
This chapter analyzes a recent trade agreement between the US and EU, which modifies existing tariffs on European exports while allowing US goods to enter Europe without tariffs. Insights from a former EU trade commissioner shed light on the complexities and criticisms of the deal, particularly concerning the high rates still faced by the EU. The conversation emphasizes the broader implications of tariffs on consumers and businesses, as well as the strategic shift of the EU towards diversifying its trade partnerships.
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