World Perspectives

EU Non-Proposal; Miscellaneous

EU Non-Proposal The EU has drafted a trade proposal for the Trump Administration that appears to be more fluff than meaningful stuff. Brussels offers to follow international labor rights and uphold high environmental standards. The EU already does this and is therefore not a concession. It offers to gradually reduce tariffs to zero on both sides for non-sensitive agricultural products as well as industrial goods. For industrial goods, the barriers are typically nontariff in nature. Finally, the U.S. market access interest for agriculture is in the very products that Brussels labels as sensitive.  One can review the EU’s concessions in other trade agreements and predict the limits of whatever is offered to American farmers. Beef i...

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