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Europe's trade coup

Ensuring that the EU does not face the same tariffs as China is particularly significant, because European suppliers are Chinese exporters' main competitors

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Last Updated : Aug 15 2018 | 11:09 PM IST

All has gone quiet on the transatlantic trade front, with last month’s agreement between US President Donald Trump and European Commission President Jean-Claude Juncker having dispelled fears of an all-out tariff war. The deal was surprising, but perhaps it shouldn't have been.

At the core of the agreement concluded by Juncker and Trump was the understanding that the European Union and the United States will “work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods”, with no new trade barriers in the meantime. But the potential for a free-trade agreement isn't the point; what matters is

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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