EU Strikes Back Against US Protectionism, Forges New Global Trade Alliances
The EU is adjusting its trade policy in response to the US implementing more protective trade measures. The U.S. and EU had discussed a large trade agreement in the past, but it was abandoned when Trump became president. The EU initially countered U.S. protectionism with retaliatory tariffs, but they later found middle ground through diplomacy. Now, the EU and U.S. are working on a less comprehensive trade deal focused on removing tariffs from industrial goods. This agreement differs from the previous one and reflects the EU adapting to U.S. protectionism. Additionally, the U.S.' protectionist actions have motivated the EU to pursue trade deals with other countries and be more active in reforming the global trade system. The EU is also using issues related to China to shape its trade relations with the U.S.