Abstract
For a global player like the EU, it must adequately respond to US unilateral actions and not give in to threats in order to preserve its credibility. However, it is not in its interest to let trade conflicts escalate and be drawn into trade wars.
It is worth noting that through the bilateral rules established in the context of a comprehensive trade agreement, the EU not only influences global norms and standards but that those in turn feed back into the EU’s economic order in a way that traditional trade agreements have not. They can therefore either reinforce the European model or weaken it.
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Annette Bongardt, London School of Economics and Political Science, UK; and Universidade Fernando Pessoa, Porto, Portugal.
Francisco Torres, London School of Economics and Political Science, UK; and Católica Lisbon School of Business & Economics, Lisbon, Portugal.
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Bongardt, A., Torres, F. What Should Be the EU’s Approach to Global Trade?. Intereconomics 53, 245–249 (2018). https://doi.org/10.1007/s10272-018-0759-y
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DOI: https://doi.org/10.1007/s10272-018-0759-y