The problem with the EU's push to create a like minded group of countries banding together to push back against US tariff vandalism is that it won't work. https://t.co/hjG9Mzx0Yy
The US Administration's tariff hikes are already driving its trading partners to pursue more robust market diversification policies. https://t.co/KcOSTVEQEb
Will Trump's approach ultimately deliver CPTPP-level benefits to the US in return for continuing 'reciprocal' US tariffs at or >10%. https://t.co/q7qLxY88pZ
The EU continues to warn that it will retaliate against the US even if the 10% baseline tariff remains in force. What odds a framework deal can be agreed by 9 July? https://t.co/lBskhj9OTp
The litany of US WTO-illegal actions is undeniable, but formal US withdrawal from the WTO would likely spell the decline of the multilateral trading system. https://t.co/saJgp0TGVe
Tariff lawfare will add further to the already massive policy uncertainty, generating more negative impacts on business confidence and investment. https://t.co/4Y1mJwoJ8Q
Many of those countries hardest hit by US tariff policies are in Asia, driving those countries faster toward the Chinese sphere. https://t.co/2RRor43HlS