EU offers Trump removal of all industrial tariffs

Posted by REXwarrior

6 Comments

  1. ProbablySatan420 on

    > The U.S. and EU came close to scrapping industrial tariffs a decade ago in their discussions of the TTIP — the Transatlantic Trade and Investment Partnership — ***that was ultimately scuppered by Trump in his first term.***

    This is comedy gold

  2. Would the US go for a zero-for-zero tariff deal at all? Or is the goal simply to hammer other countries and force them to give other concessions in return for lower US tariffs? I.e., buy more American, change your laws or invest more in the US. If the goal is also to “bring back manufacturing”, I find it hard to see how zero-for-zero would achieve that in the eyes of MAGA. In addition, the car tariffs, for example, seem not to be aimed at getting concessions, but instead to get Americans to buy American. If that is the goal, then zero-for-zero would not achieve that.

    Secondly, how would the US respond to the EU response to the steel and aluminium tariffs? It seems that the White House is quite fickle, and any response could scuttle a zero-for-zero deal.

    But I think this is a good response from the Commission, as they get more time and space to maneuver and prepare for a potential no deal. It also puts the ball in the US court and ideally ramps up domestic US pressure to reach deals quick.

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