Expert: The new trade agreement between the US and Europe shows that the EU's trade policy autonomy is limited.
Professor Wan Zhe, an economics expert at Beijing Normal University, said: "For the European Union, an increase in tariffs will certainly have a negative impact on its economy, and the EU's autonomy in trade policy will actually be restricted. It is actually more of a unilateral concession, possibly at the expense of the EU's own interests, and not conducive to the development of local employment and industries in Europe."
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