What Lobsters and Chickens Tell Us About Europe’s Trade Logic
The European Union’s trade deal with the Trump administration has met with fierce criticism because on its face, it is full of giveaways to Washington and devoid of victories for the bloc’s 27 nations.
But to understand Europe’s approach, consider the lobster.
E.U. officials made a variety of concessions to seal the agreement. Among them was keeping tariffs on lobster imports at zero, extending a 2020 deal that had been set to expire...
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