Breitbart Business Digest: Putting a Price on Admission to America’s Markets

Europe Pays the Price of Admission

For years, critics claimed Donald Trump’s tariff strategy would backfire. Tariffs were derided as “ taxes on American consumers ,” sure to provoke retaliation and disrupt global trade. But now, as the European Union swallows a new trade deal built on a 15 percent tariff floor—with no reciprocal tariffs on U.S. goods— that talking point lies in ruins .

If tariffs were simply taxes on Americans, why are so many European leaders mourning the deal?

According to Bloomberg, the EU accepted a tripling of tariffs on most exports to the U.S. and agreed to cap its own tariffs on American imports at one percent or less…

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