Europe Caves to Trump on Tariffs
1Description
By almost all accounts, the historic trade deal that was reached between the United States and the 27 nations of the European Union is far better for the United States than it is for Europe.
Jeanna Smialek, the Brussels bureau chief for The Times, explains why the European Union gave in to President Trump and the blowback that’s causing.
Guest: Jeanna Smialek, the Brussels bureau chief for The New York Times.
Background reading:
- Is the European Union’s tariff deal with the United States good for Europe?
- The framework agreement is not likely to do much for economic growth on either side. But it avoids new fissures on other foreign policy issues, particularly the war in Ukraine.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Photo: Tierney L. Cross/The New York Times
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United States
Michael. I heard you say "they" meaning the people importing the goods from the European Union pay tariffs. That's backward. American importers pay the tariffs and as your guest said will pass some if not all of the increase in their costs on to you and me the Americsn consumer. This will make goods from the EU cost more, putting some goods out of reach of some Americans who enjoy them, and costing American businesses lost sales or worse. Not a peep of this & EU factories here? Really? When?