Will trade deal between Japan-EU hurt U.S.?
Question: Will the U.S. suffer economically from the recent trade deal between Japan and European Union?
Bob’s Answer: No
The European Union wanted success before Brexit negotiations and national elections dominate its agenda. This deal is largely about political symbolism.
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Average tariffs between the two sides are already low.
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Yes, tariffs on Japanese cars will be reduced over the next seven years and tariffs on EU clothing, cheese and more will be reduced but this is not a blockbuster deal that will have material impact on the U.
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S.
