Wednesday, July 18, 2018
Are you tired of all that winning yet?
EU and Japan sign trade deal covering a third of the world's economy
"The European Union and Japan signed a huge free trade deal on Tuesday that cuts or eliminates tariffs on nearly all goods.
The agreement covers 600 million people and almost a third of the global economy. It's also a major endorsement of a global trading system that is under increasing threat from protectionism. It will remove tariffs on European exports such as cheese and wine. Japanese automakers and electronics firms will face fewer barriers in the European Union.
The dismantling of trade barriers stands in stark contrast to the approach taken by President Donald Trump, who has imposed tariffs on a range of foreign goods and is threatening more action. Donald Tusk, president of the European Council, hailed the agreement as the 'largest bilateral trade deal ever.' "
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3 comments:
It's always a give and take, there will always be winners and losers in these deals.
This time America ultimately loses BIG.
An unstable government combined with protectionist trade barriers are forcing other nations to seek more open and free markets. America following Trump's extreme nationalism and protectionism has just inflicted a slow painful economic death to America and her middle class. #MAGA
And so does the UK, after Putin managed to manipulate the dissatisfied into walking away from the EU. Yep, so much better to be a little tadpole rather than a fish in a large school.
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