U.S-EU Trade War to Be More Devastating Than China: Goldman's Barroso

The video discusses the critical nature of the trade relationship between the European Union and the United States, emphasizing the need for compromise to avoid a trade war. It highlights the significance of the Transatlantic Trade and Investment Partnership, initially launched with President Obama, but not pursued by the subsequent US administration. The discussion shifts to the broader implications of US-China trade tensions, which are seen as a long-term competition involving technology and defense issues, with bipartisan support in the US for a tough stance on China.

What are the potential consequences of a trade war between Europe and the United States?

In what ways do technological supremacy and global competition influence trade policies?