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Europe Should Not Retaliate Against US Protectionism

From project-syndicate.org

US President Donald Trump's pursuit of protectionism policies is likely to hit Europe hard. But instead of responding in kind with tariffs on US imports, the EU should pursue a de-escalation strategy – one that also frees its own citizens from the yoke of European agricultural protectionism. US President Donald Trump is making good on his promises to put “American first” through trade protectionism. How should Europe respond? Trump has temporarily exempted Europe from his newly imposed import duties on steel and aluminum. But his Sword of Damocles – high import tariffs – still hangs over Europe. Indeed, he has ... (full story)

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  • Category: Fundamental Analysis