Transatlantic Trade Wars: The United States and the European Union in Endless Confrontation

Sorin Burnete () and Daniel Nagel ()
Additional contact information
Sorin Burnete: Lucian Blaga University of Sibiu
Daniel Nagel: Bucharest University of Economic Studies

A chapter in Innovative Business Development—A Global Perspective, 2018, pp 41-52 from Springer

Abstract: Abstract Considering two highly interlinked economies of such tremendous size as the United States (US) respectively the European Union (EU), it does not come as a surprise that these circumstances inevitably provide fertile soil for transatlantic trade disputes to thrive. In spite of their decisive contribution to the postwar trade liberalization process, the two giants never quit being protectionist in certain particular domains considered sensitive for one part or the other. Sensitive domains are those in which nations fear competition from abroad, in apprehension of being disruptive to their own economy. Usually sectors that are incapable of withstanding foreign competition, most often agricultural products and processed food, enjoy protection from their own governments through production subsidies, tariffs, quotas, minimum import prices, variable import levies etc.

Keywords: Trade war; Protectionism; Tariffs; Preferential treatment (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-01878-8_4

Ordering information: This item can be ordered from
http://www.springer.com/9783030018788

DOI: 10.1007/978-3-030-01878-8_4

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().