European Union’s International Trade Policy And Strategy

European Union (EU) is experiencing turbulent times in terms of international trade that requires to re-evaluate the strategy for the future. EU is still facing challenges in trade with Russian Federation due to trade embargo, President of the United States of America Donald J. Trump has announced necessity to revaluate trade agreements and BREXIT (UK leaving the EU) will cause some extra worries about the outcomes of the negotiations and the effect in the trade relations and influence on economic growth. The EU’s response so far has been smart and measured, despite the difficulty of the situation with all the trade partners involved. It also will be difficult for the EU to maintain a balanced and secure course between the US’s and China’s trade wars. This paper is assessing the importance of the issues of international trade and impact on the EU economy with potential revaluation of the international trade strategy.