Joanna Sawicka, our emerging Europe research analyst, explains how a strong relationship between the United States and the European Union should support global growth, as they account for around 50 percent of global gross domestic product (GDP).
Trade tensions between the United States and the European Union have been escalating since early this year due to the imposition of tariffs on both sides. On July 25, U.S. President Donald Trump met with Jean-Claude Juncker, President of the European Commission, to come to an agreement to end all tariffs on industrial imports. Joanna Sawicka, emerging Europe research analyst, explains how a strong relationship between these trading partners should support global growth, as they account for around 50 percent of global gross domestic product (GDP).
For Joanna’s full explanation, watch the video here!
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Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the video were held by any accounts managed by U.S. Global Investors as of 06/30/2018.
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