Will Brussels let Washington freestyle its way to a terrible deal for Europe?
Brussels decision-making is hard to understand – that’s no secret. And it’s all the more confusing when, time and again, headlines announce the “end of negotiations” on a Brussels-Washington trade deal that had been “sealed” last summer.
For non-trade hawks – or people with lives and jobs that don’t spiral around tariff drama with Washington – the latest developments this week might be somewhat confusing.
The EU-US trade agreement is an undeniably big deal. But in case the whole Turnberry affair has been complicated in the various rounds of negotiations and brinksmanship, here’s what exactly was negotiated this week in Brussels, and why it doesn’t mean the transatlantic trade war is over.
The root of all evil: trade surplus
