Outlook for a future EU-US trade agreement is poor
Wednesday, June 19, 2019
Subject
EU-US trade.
Significance
US President Donald Trump’s ‘America First’ trade policy threatens the highly interconnected transatlantic economy. This presents a serious challenge to the EU and certain member states more than others, and resolving this tension is unlikely in the near future.
Impacts
- Some US protectionist trade tendencies are likely to continue post-Trump.
- Trump's accusations that the euro is unfairly undervalued raises the (faint) prospect of an even more profound transatlantic dispute.
- The importance of the US economy to European firms enables Washington to enforce secondary sanctions.
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