S4 Ep16: Director's Cut: EU risks US tariff pain in standing by the WTO

As global trade war continues to unfold, Bruegel director Guntram
Wolff is joined for this Director's Cut of 'The Sound of
Economics' podcast by Bernd Lange MEP, chair of the Committee on
International Trade (INTA), to discuss Europe's options.


Increasingly it appears that the EU will have to choose between
standing strong with the established laws of the World Trade
Organisation (WTO), or striking a deal for a permanent reprieve
from the US trade tariffs.


There is no question that the tariffs have significant
implications for European industry. Indeed, as the US and China
brandish lists of further products on which they would consider
imposing tariffs, the full scale of the potential future damage
to EU exporters is unclear. Yet there remains some hope that the
EU could align with other nations to use the WTO to bring US
President Trump back on side.


To discuss what opportunities as well as threats this current
stand-off presents to the EU, Bernd Lange - member of the
European Parliament and chair of the Committee on International
Trade (INTA) - joins Bruegel director Guntram Wolff in this
instalment of 'The Sound of Economics'.