What's at stake with the EU-US trading partnership if a tariff deal isn't reached
Summary
Cecilia Malmstrom, a former European Commissioner for Trade, discussed the importance of the trading relationship between the European Union (EU) and the United States (US). This conversation is happening because a deadline is approaching to avoid starting 30 percent tariffs on EU goods.Key Facts
- Cecilia Malmstrom is a former European Commissioner for Trade.
- The US and EU have a significant trading partnership.
- There is a looming deadline for a potential start of 30 percent tariffs on goods from the EU.
- Tariffs are extra taxes on goods coming into a country.
- If a deal isn't reached, these tariffs could begin soon.
- Such tariffs can make goods more expensive and affect trade.
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