Did the U.S. or the EU emerge as the winner in Trump trade deal?

gettyimages 94920629


The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc’s economic growth, according to some experts.  

“It is an asymmetric and unbalanced deal,” economists with investment bank Société Générale said in a report. The EU decided neither to retaliate nor to increase its tariffs, and is even expected to reduce them. The EU agreed to a bad deal rather than risk trade war escalation.” 

The average tariff on U.S. imports…



Source link

Disclaimer


We strive to uphold the highest ethical standards in all of our reporting and coverage. We 5guruayurveda.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on. For any glitch kindly connect at 5guruayurveda.com

Leave a Reply

Your email address will not be published. Required fields are marked *