U.S. pins hopes on new European leader to rescue trade talks
Peter Rashish, director of the geoeconomics program at the American Institute for Contemporary German Studies, cautioned against viewing the U.S.-EU trade talks as “a case of French interest in protecting its agriculture and a German interest in selling its cars.”
“France exports a lot of manufactured products to the U.S. as well, like airplanes, pharmaceuticals, and energy equipment. So it would also gain in a U.S.-EU deal to eliminate tariffs on goods,” Rashish said. But the new EU deal with South American trade bloc Mercosur “is likely reinforcing French caution about widening the U.S. talks to include agriculture,” he noted.
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This article originally appeared on Politico on July 19, 2019.