On April 23rd, the Brussels Institute, a think tank of the European Union, recently released a preliminary assessment report on the impact of US tariff policies on the EU economy. The report points out that the current tariff policies implemented by the US government pose a profound challenge to the rule-based global trading system, marking a significant shift in the decades long process of multilateral trade liberalization. The report analyzes the trade relationship between the European Union and the United States in recent years and points out that if the United States and Europe cannot reach an agreement, the impact on the United States will be greater than that on the European Union. The EU can buffer the impact on the most severely affected groups through redistribution policies.
Scan code to share