Transatlantic Restart
Proposals for trade cooperation between the EU and the United States
The economic impact of punitive US tariffs affect not only the aircraft industry, but also European family businesses: manufacturers of alcoholic beverages (e.g. spirits and wine producers) are the second most severely affected group. Confectionery manufacturers and the toolmaking industry have also suffered. Professor Gabriel Felbermayr, PhD, Head of the Kiel Institute for the World Economy, proposes a tariff agreement or at least the mutual offsetting of punitive tariffs between the United States and EU.
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To the press release: “Punitive US tariffs result in export losses of 40 per cent. Study: EU should approach the United States. Call for climate policy collaboration”
