Navigating Trade Turbulence

This chapter analyzes the necessity for coordinated trade policies among nations, particularly in the face of U.S. tariff changes. It explores the delicate balance the EU must maintain in its economic relations with both the U.S. and China while addressing the challenges posed by import regulations and trade disruptions. The discussion underscores the complexities of these interactions, including the potential inflationary and deflationary impacts on the European economy and the political ramifications as U.S. midterm elections loom.