Antonio de Lecea

  • The United States Doesn’t Need Tariffs to Level the Playing Field

    The US administration just announced a new $4 billion list of European Union (EU) products which it could apply additional tariffs on in response to the ongoing dispute between both sides of the Atlantic over government subsidies to aerospace companies Boeing and Airbus. While the United States thinks it can create better economic outcomes by forcing concessions out of Europe, this new action will only continue the lose-lose spiral of threats gripping the transatlantic trade relationship. Washington could pursue a different strategy, however, by legitimately working with Europe to reduce government subsidies, while also taking tangible steps to strengthen antitrust enforcement at home. The transatlantic trade environment, growth prospects, and public finances would greatly benefit from such a change in approach.

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  • Avoiding Tariff Escalation And Making the Transatlantic Economy Stronger

    Coming up on the anniversary of the July 2018 “trade truce” between European Commission President Jean-Claude Juncker and US President Donald J. Trump, little progress has been made in trade negotiations between the United States and the European Union (EU). This article is the fourth in a series that will take stock of the opportunities in and challenges to the deepest trading relationship in the world and focuses on opportunities for further deepening and the potential impact on jobs and investment due to the current stalemate.

    US consumers and importers are already paying a price for trade tensions between the United States and China. They are bearing almost entirely the tariff revenue collected at the US border. Escalation is also likely to affect business sentiment and investment.

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  • Spain Votes: Here’s What You Should Know

    Undecided voters hold the key

    Spaniards will vote on April 28 to renew parliament for the third time in four years. Spanish Prime Minister Pedro Sánchez’s center-left Socialist Workers' Party (PSOE) leads in the polls, but with just 30 percent of support. The latest surveys show only a grand coalition of both left and right parties, or a left bloc supported by some regional parties that support Catalan independence, can reach the majority needed to form a government, but much will depend on the 40 percent of still undecided voters.

    The elections follow eleven months of Sánchez’s PSOE minority government, which came to power after Mariano Rajoy’s center-right People’s Party government lost a vote of no confidence on June 1, 2018. Rajoy’s government had been supported by Ciudadanos, a center-right party founded in 2006 with a focus on addressing corruption, market


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