International trade has only escalated in the modern
From antiquity, the free flow of goods and services across international borders has been an essential driver for every truly thriving economy. The benefits to producers and consumers from international trade has only escalated in the modern, globalized era. And the U.S. and the EU are perfectly paired for trade.
That is not to say that we aren't already in a good place. Just looking at the United Kingdom's economic relations with the United States, the figures are mindboggling. We are each other's biggest investors, with over a trillion dollars invested in each other's economies.
U.S. investment in the UK is more than 10 times U.S. investment in China. British investment in the U.S. is 100 times Chinese investment in the U.S. A million U.S. citizens work for UK companies, and a million UK citizens work for U.S. companies. Trade between us totals more than $200 billion per year.
And the European Union is 28 countries. So, maximizing the U.S.-EU trading partnership should be a no-brainer.
The first part of this should be to eliminate tariffs. They limit markets for companies, and they raise prices for consumers. They should be reduced to zero across the board.