Just when the European Union seemed to have recovered some of its free-trade zeal, it now faces the prospect of a mutually destructive trade war with its biggest economic partner, the U.S.
Escalation has risks for both sides. The U.S. from counter-tariff measures. And the EU from a fragmented response as some member states are tempted to accept U.S. offers of exemptions in certain sectors. EU leaders should seize this crisis as an opportunity to present a bolder option by offering President Donald Trump — who prides himself on his dealmaking skills — a big free-trade bargain.
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