Tariff Talks: The Transatlantic Trade Balance

By almost all accounts, the historic trade deal that was reached between the United States and the 27 nations of the European Union is far better for the United States than it is for Europe.

Jeanna Smialek, the Brussels bureau chief for The Times, explains why the European Union gave in to President Trump and the blowback that’s causing.

Guest: Jeanna Smialek, the Brussels bureau chief for The New York Times.

Background reading: 

• Is the European Union’s tariff deal with the United States good for Europe?
• The framework agreement is not likely to do much for economic growth on either side. But it avoids new fissures on other foreign policy issues, particularly the war in Ukraine.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Photo: Tierney L. Cross/The New York Times

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