The Trump administration’s emphasis on bilateral deal-making represents a shift from blanket tariff approaches to more targeted trade relationships. Countries that actively negotiate may receive favorable deals instead of standardized tariff increases.
This bilateral approach provides flexibility for different types of trading relationships while maintaining pressure on all partners to engage in negotiations. The strategy allows for customized solutions based on individual country circumstances.
European Union officials are working to complete a comprehensive bilateral agreement that addresses multiple sectors and creates ongoing trade cooperation structures. The EU’s approach combines high-level political engagement with detailed technical negotiations.
The bilateral strategy reflects Trump’s preference for direct negotiations over multilateral agreements. This approach allows for more targeted solutions but requires intensive diplomatic engagement with multiple partners simultaneously.
Bilateral Deal-Making Emerges as Alternative to Blanket Tariff Approach
Date:
Picture credit: www.freemalaysiatoday.com