The WSJ is out with a report that basically recaps the obvious in terms of the EU’s options in making a trade deal with the US.
- Lowering tariffs
- Lowering non-tariff barriers
- Buying more American products including liquefied natural gas
- Offering to cooperate with the U.S. to tackle its economic concerns about China
Curiously missing from the link is growing a spine and retaliating, which I suspect is their only way of getting a decent deal. With Trump, if you offer something he will ask for more.
An FT report earlier today said Merz was trying to get concessions for German autos and another official said he was ‘delusional’ in that thinking.
This article was written by Adam Button at www.forexlive.com.