Europe Should Hold Its Fire in Coming Tariff War
Bloomberg reports that everyone loses in a tit-for-tat escalation. The EU should focus on resilience instead.
As America’s capricious trade war rolls on, the European Union may be Washington’s next target. The EU’s instinct to retaliate is understandable — but a tit-for-tat escalation is exactly the wrong response. Although details are murky, the White House plans to announce what it calls “reciprocal” tariffs on April 2 — with rates that factor in everything from value-added tax... ...
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