US president Donald Trump’s economic nationalism took shape in early 2018 with his announcement of tariffs on steel and aluminum imports. These trade restrictions compel the European Union to confront the costs to European industry and determine its response. According to economist Uri Dadush, a hostile trade environment will force the EU to appeal to the World Trade Organization, which itself may be under threat. getAbstract recommends this complex yet accessible analysis to industry leaders and policy experts around the world.
In this summary, you will learn
- How the European Union may respond to the Trump administration’s tariffs on steel and aluminum,
- What options the EU has, and
- How potential dispute resolutions could change the existing system of global trade.
About the Author
Uri Dadush is a nonresident fellow at Bruegel, a European think tank.