Krugman Analyzes US-EU Tariff Agreement: Trump's Political Show, Europe Is Not a Loser
Nobel Prize-winning economist Paul Krugman provided an in-depth analysis of the recent US-EU tariff agreement. He pointed out that this agreement does not represent Europe's defeat; instead, it is a carefully orchestrated political show by the Trump administration. Krugman emphasized that the primary content of this agreement has limited economic impact on the US and may not be as detrimental to European countries as some comments suggest.
In this agreement, both the US and Europe made concessions to achieve a relatively balanced economic benefit. He believes that the issue of tariffs has been amplified in the context of elections and political strategies rather than being grounded in economic logic. Krugman argues that for Europe, the most important thing is to continue promoting integration and cooperation within the internal market.
