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Risks From International Tensions Continue to Grow

By Advisor Perspectives
Financial Services

summary

  • In Europe, The Politics Thicken
  • Businesses on Tariffs: Wait and See
  • The Price of Trade Protection

The European Union (EU) is a political and economic union borne after World War II of a desire for harmony in a scarred and divided European continent. The original concept was founded on the hope that it would “make war unthinkable and materially impossible.” The original deal was signed in 1950, and called for six nations (Belgium, France, Italy, Luxembourg, the Netherlands and West Germany) to pool their coal and steel resources. Seven years later, those nations signed the Treaty of Rome, creating the European Economic Community. This laid the foundations of today’s European Union.

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