EU Expects US Tariffs to Stay
Balance of Power
Navigating Trade Tensions and Fiscal Uncertainty
This chapter explores the stalled trade negotiations between the EU and the U.S., highlighting the ongoing uncertainty surrounding tariffs and trade barriers amidst larger geopolitical tensions, particularly with China. It also addresses the fiscal challenges facing the U.S., including IRS staffing issues and the implications of proposed tax changes, while emphasizing the importance of public trust in the tax system. The chapter concludes by connecting the impact of tariffs on revenue and the potential economic consequences of these ongoing trade disputes.
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