Contact Us

Tensions are toughening in transatlantic trade

Thought Leader: Harry Broadman
November 18, 2019
Source: Link

By Dr. Harry G. Broadman (Original source Gulf News)

“The recent decision by a WTO dispute panel clearing the way for the US to impose tariffs on the EU as a penalty for its provision of illegal subsidies to Airbus ends a very short-lived trans-Atlantic economic courtship. Indeed, the WTO’s action was the largest such ruling in the organization’s history – it has ignited US-EU trade tensions to unprecedented levels.

Anyone who thought that the proposal for a grand US-EU free trade agreement, announced with much fanfare by President Donald Trump and European Commission President Jean-Claude Juncker in July 2018, would result in marriage anytime soon simply was not aware of the long and painful history of trade relations between America and Europe. The two-way bickering has long ensnared a number of sectors, from agricultural commodities and food products to liquor; from luxury items to clothing; and an array of industrial goods — most visibly, aircraft manufacturing.”

Click here to see more

Subscribe to the WWSG newsletter.

Check Availability

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Speaker List
Share My List