3 days ago world's largest free-trade area was created when EU and Mercosur bloc signed free trade deal after 25 years of negotiations.
EU + South America start trading more while America shuts itself out.
back
1 comments
Also see recent trade deal between Canada and China. And of course Canada and the EU have a trade deal. And Merz was visiting India recently so there are also trade deals between India and the EU coming. In short, everybody is trading with everybody.
The US might have an easy to choice to make after Trump. Regardless of who takes over. Simply roll back tariffs and instantly boost the economy. The protection aspect of tariffs will probably have proven to be mostly counter productive by then.
At least I don't see the US car industry doing any better when it can't export. Coal probably won't ever recover from being obsolete, etc. I think this mostly won't be controversial a few years down the line.
Trust comes on foot and leaves on horseback.
> The US might have an easy to choice to make after Trump. Regardless of who takes over. Simply roll back tariffs and instantly boost the economy.
I’m afraid it won’t be so easy. Countries deeply distrust unreliable trading partners. Europe will prefer to keep trading with Mercosur rather than risk trading with the US. If the US wants to trade again, it could; but at a price that justifies the risk.