Last night I wrote about the ridiculous coverage of the press conference held by President Trump and the representative of the European Union. That really missed the main point. The truth is that we should focus instead on just what a big deal it would be if the trade deal with the EU is finalized. Imagine there being no tariffs or trade barriers between the US and the EU for all products other than automotive goods. If that let the level of trade grow strongly (which it would) it could add another 1% to the GDP growth. One percent may not sound like much, but it's roughly 200 billion dollars worth of production. Think how many additional jobs that means. It would be a truly great thing for the USA.
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