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S5 Ep40: Director's Cut: Resuming the EU-US trade talks

S5 Ep40: Director's Cut: Resuming the EU-US trade talks

FromThe Sound of Economics


S5 Ep40: Director's Cut: Resuming the EU-US trade talks

FromThe Sound of Economics

ratings:
Length:
25 minutes
Released:
Apr 23, 2019
Format:
Podcast episode

Description

**Maria Demertzis sits down with Bruegel senior fellow André Sapir to break down the news, discussing the events leading up to the renewed EU-US trade talks, and the likely future course.**

On 15 April 2019, the European Council approved mandates for the Commission to resume trade negotiations with the United States, which are to be centered around eliminating industrial tariffs. Although already a breakthrough, the talks are set to encounter many difficulties given their highly political nature.

Bruegel's deputy director Maria Demertzis sits down with senior fellow André Sapir to assess the news, discussing the events leading up to the renewed talks and the likely future outcomes.

A consistent theme in the making of any EU trade deal is the repeated declaration that it would only engage with countries that are signatories to the Paris Agreement. In 2017, the Trump administration announced the US' intention to withdraw from that agreement, which should in theory exclude the possibility of a trade deal. Maria and Andre discuss just how likely it is for the deal to come to fruition against this backdrop.

Lastly, the discussants touch upon how the fractured EU-US trade relationship affects the multilateral trading system and, by extension, global economic growth.

For further reading, we recommend the Policy Contribution of Uri Dadush and Guntram Wolff, which analyses [how Europe can act in the interest both of itself and the multilateral system](http://bruegel.org/2019/03/the-european-unions-response-to-the-trade-crisis/) amid the ongoing global trade crisis. Similarly, consider Alicia García-Herrero's recent Working Paper on the [the options available to the EU](http://bruegel.org/2019/04/europe-in-the-midst-of-china-us-strategic-competition-what-are-the-european-unions-options/) in the face of the US-China trade stand-off.
Released:
Apr 23, 2019
Format:
Podcast episode

Titles in the series (100)

The Sound of Economics brings you insights, debates, and research-based discussions on economic policy in Europe and beyond. The podcast is produced by Bruegel, an independent and non-doctrinal think tank based in Brussels. It seeks to contribute to European and global economic policy-making through open, fact-based, and policy-relevant research, analysis, and debate. "The Sound of Economics" is also a club on clubhouse. Join us there for participating in our live talks.  The Sound of Economics is also part of EuroPod, a network of European podcast shows which brings together journalistic, cultural and institutional views on political and societal trends in Europe and beyond.