
Is Biden Killing the World Trade Organization?
Ones and Tooze
00:00
Europe's Reluctance to Engage in Tit for Tat Trade Policy
Europe has been particularly upset at the subsidies involved in the Biden administration's inflation reduction act. It got me wondering why exactly is Europe so reluctant to kind of engage in this kind of tit for tat trade policy? European bureaucrats, you're talking to people who spent their entire career from their university training onwards committed to the principles of multilateral trade liberalization and they don't flintrum them.
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