Trade Relations between the United States, European Union, and United Kingdom

SOURCE www.breitbart.com
President Trump discusses tariffs on European Union, praises UK Prime Minister's relationship, criticizes EU trade practices. EU responds with warnings of economic disruption and inflation.

Key Points

  • Tariffs on cars, agriculture, and food are a point of contention
  • EU charges higher tariffs on American goods compared to US tariffs on European products
  • Brexit provides UK with flexibility in trade decisions

Pros

  • President Trump is pushing for better trade deals for the United States
  • UK Prime Minister's positive relationship with Trump could benefit UK in trade negotiations
  • Highlighting discrepancies in trade practices between the US and the EU

Cons

  • Potential for economic disruption and inflation due to tariffs
  • Strains on EU's struggling manufacturing sector
  • Risk of trade war impacting eurozone economy