Are ‘zero tariffs’ the way out for the EU?

To bring down trade barriers propped up by the recent horde of tariffs imposed by the Trump administration, the European Union has proposed zero tariffs on industrial goods. US President Donald Trump has responded by saying the proposal does not go far enough to address the transatlantic trade deficit.

Since Trump's announcement of a 20 per cent tariff on European goods, the EU has been scrambling to come up with a unified response. What could be the benefits of a zero-tariff model?

This story was originally published on https://www.dw.com/ and is republished here with permission.