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The US and EU are fighting over trade when they should be finding common cause

2019-07-14 09:03:43       source:CNBC

July 13, 2019


If ever there was a “wrong war at the wrong time,” the transatlantic trade conflict that’s boiling this summer defines it.


President Trump’s own National Security Strategy describes the primary U.S. challenge as major power competition with authoritarian China and Russia. Yet the world’s leading democracies instead could be locked in a series of morale-sapping, growth-slowing and politically polarizing skirmishes.


The dangers are unfolding over several fronts – Airbus-Boeing aeronautics, new French (and soon British) taxes on U.S. digital giants, potential sanctions against the North Stream 2 gas pipeline suppliers and new tariffs on European car imports.


Read more:

https://www.cnbc.com/2019/07/12/us-and-eu-fight-over-trade-when-they-should-focus-on-countering-china.html