Non-tariff barriers is big challenge for the EU to solve.EU VAT tax is also a subsidy.We’d like to see VAT tax relief and lower tariffs.
The trade deal with the EU is going to be the hardest one. Trump has shown his frustration lots of times but for now they just keep on negotiating. Even the August 1 deadline will likely be extended if nothing is reached by then. We’ll see.
For more on the EU VAT tax check Adam’s article here.
This article was written by Giuseppe Dellamotta at www.forexlive.com.