Forget TACO. Trump Is Winning His Trade War.
The president wants tariffs, the higher the better.
Whether that is achieved unilaterally or via deals is secondary.Whether that is achieved unilaterally or via deals is secondary.
Trump’s goals, overstates the importance of deals and breeds complacency about his willingness to raise tariffs.
Trump advisers argue that only tariffs can effectively address trade deficits, which, they say, reflect a plethora of nontariff barriers such as regulations and taxes that suppress consumption and imports.
Since the 1980s, Trump has advanced a simpler rationale: Others should pay for access to the U.S. market or the protection of the U.S. military.
Today, he leads the world’s largest economy with the largest military. Everyone else needs the U.S. more than vice versa, and
Trump assumes that he can thus dictate terms and that others have to live with them.
Greg Ip Wall Street Journal 15 July 2025
https://www.wsj.com/economy/trade/forget-taco-trump-is-winning-his-trade-war-8af6f777
The EU needs to deploy its 'bazooka' anti-coercion trade weapon
Show it means business, since tariff negotiations with the US won't lead to a balanced outcome, the European Commission's former chief of trade has told Euronews in an interview.
The anti-coercion instrument, adopted by the EU in 2023,
allows the EU to restrict the right to participate in public procurement tenders, restrict licences and adopt restrictions on trade in services and trade-related aspects of intellectual property rights,
once coercion by a third country has been established.
Nations Find That Neither Anger Nor Appeasement
Deflects Trump’s Tariff Threats
https://www.wsj.com/world/europe/u-s-allies-grope-for-response-to-trumps-tariff-squeeze-6edb4739
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