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EU and US Trade Deal: A 'Swiss Cheese' Approach

7/19/2025

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Summary

Story summary

Mujtaba Rahman of the Eurasia Group envisions a "Swiss cheese" trade deal between the EU and the US, with a base tariff of 10-15% and notable exemptions. He believes Trump's presidency has galvanized EU unity, pushing it to seek fresh trade partnerships, particularly with Mercosur, as US-Russia relations shift.

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Story summary

Mujtaba Rahman of the Eurasia Group envisions a "Swiss cheese" trade deal between the EU and the US, with a base tariff of 10-15% and notable exemptions. He believes Trump's presidency has galvanized EU unity, pushing it to seek fresh trade partnerships, particularly with Mercosur, as US-Russia relations shift.