Hello and welcome to the CER Podcast, Unpacking Europe.

I'm Asakberg, Trade Policy Fellow at the CR, and today I'm joined by Agate Demure who is the senior policy for geo-economics at the

European Council on Foreign Relations previously with the Economist Intelligence Unit

and her writings have appeared in foreign policy, foreign affairs, the economist and a range of

other publications. So welcome to the podcast. Well, thank you for having me.

So today we're going to talk about trade policy. We're going to talk about EU trade policy

after Trump. We were recording this on September 29. It's two months since the Turnberry

accord. A lot of people perceive that that accord as a humiliation for the EU because it had to

accept that these US tariffs on a wide range of goods in violation of WTO law and in violation

of the principles of the global trade order. And if we go back a year, we were all thinking

about what consequences of a Trump presidency would be

a Trump 2.0.

And we all, at least, most people thought that the EU would defend the system, they wouldn't

concede in principle.

That's certainly where I was a year ago.

And the EU had developed this speed of tools, the anti-coversion instrument, all these

instruments that were supposed to be there in case something like this happened. And yet, just

over six months into the presidency, we had this accord. Is this also what you expected, or how

do you think we got to this point? Well, I you think we got to this point?

Well, I think that we got to this point because there is a feeling within the EU, certainly, that trade wars are not great and wouldn't be good for European economies.

So essentially, I think this is a very pragmatic stance when we take a

look at the transatlantic deal that was inked in Scotland in July. The idea is twofold. The first one is

...