EU Tariff-Free Trade With U.S. 'Realistic,' Peterson's Bergsten Says

The transcript discusses the importance of trade deals with Europe and North America, highlighting the economic significance of both regions. It emphasizes the need for comprehensive trade agreements to prevent trade wars and reduce tariffs. The possibility of zero tariffs with Europe is considered realistic, while global zero tariffs are deemed impractical. The discussion also touches on non-tariff barriers and their impact on trade.

What is the significance of Europe being the biggest U.S. trade partner?

What are the potential benefits of a comprehensive trade and investment agreement with Europe?

Why is it important to resolve the NAFTA problem according to the text?

What challenges might arise from proposing zero tariffs on a global basis?

How do non-tariff barriers affect the concept of free trade?