This article from Brookings offers a way to reduce inflation, add jobs, and improve commerce by making a bilateral trade agreement with the European Union.
It’s got lots of support for expecting good outcomes for the American economy and American workers. And it quantitatively spells out what the gains might be.
This is one of the trade relationships the Trump administration fouled up. And especially in these times, with the Ukraine war and Chinese threats, we need reliable trade partners to ‘near-shore’ our sources of supply with. And the EU needs us and our export capabilities as well.
It’s a well-reasoned and thought-provoking article.
Trade agreements take time, and it’s not early to begin.
Sanjay Patnaik and James Kunhardt Tuesday, August 30, 2022Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement