Reports this week suggest that the EU and US are on the brink of agreeing a trade deal with a 15% baseline tariff on US imports from the bloc. It’s hard to spin it as a good deal, but it would at least avoid much higher US tariffs and retaliation from the EU. Next week, we expect to learn that euro-zone GDP rose by 0.2% q/q in Q2 and that both headline and core inflation edged down in July. We’ll be discussing the impact of President Trump’s new trade deals on the global economy in a special Drop-in on Monday 28th July. Register here for the 20-minute online briefing.
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