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This is the most terrible trade “deal” I’ve ever seen signed.
What US gets:
What EU gets:
The EU gets time to move away from the US and build their own alternatives with reliable allies.
But yes, this isn't the US of old where mutual benefit was the goal. This is "the US gets whatever it can take and fuck everybody else".
But is EU actually gonna do this or is the plan to just wait it out when the clowns term is up and then hope for the best?
I think the EU is hoping for the mid-terms and that the Democrats take over the house of representatives. With any luck they'll start doing their job again, and repeal these tariffs that Trump doesnt really have the mandate to set. It should be the house, yet somehow...
The Dems will not be able to repeal the tariffs if they only control the House. It currently looks very unlikely they'll control the Senate, and it's just a coin toss right now if they'll even control the house (will probably turn unlikely after Texas redistricts).
Moving away is the opposite of pledging to do massive investments in the US and getting dependent on the American military equipment and energy
We're still going to need lots of US military equipment for a long time, so agreeing to that wasn't too bad IMHO. As for the investment we'll have to see. What's the time frame? Perhaps we'll see a little more sane US after the midterms?
But yeah, this isn't a win for the EU by any means. It might be less bad for the smaller countries that might have been subjected to the Thailand deal if they had been alone though. But that's not how the far right and Russia funded anti-eu brigade will frame it.
I mean, with these 15% they're just making things more expensive for themselves
Yes. The idea is to nudge the US customers into buying a domestically produced equivalent instead, which then becomes relatively cheaper.
If the US made not shit products then the US population would already be buying them. European products were never attractive because of their price, but because they are good.
What is the EU supposed to invest on in the US? And how the fuck are they going to impose this on member states? Which countries are going to take the hit and do this investing and buying of military equipment/gas (ok, gas is to replace russia in the north)?
Buying from them energy will be mostly gas, which is destined for the gas hungry northern europe countries, for heating. This is counter intuitive but it makes sense. The dollar is on a sharp decline facing the euro, so more gas is bought for less money. The objective should be to stockpile gas reserves while moving away from russian gas imports and expand the sustaible energy grid and power reserve infrastructure.
The Big Orange is placated for the imediate time and life goes on.
The EU does not have the authority to mandate companies to establish bridge heads in foreign soil or anywhere, for what that may matter. So, if some companies decide to invest there it will be to soak up money from that market. But considering the political instability there, it will be a high risk endeavour. And lla long term one, as well. So long that it will be easy to camouflage intended delays with accidental ones.
What equipment? The planes deals are running away, to countries already in european soil, like France, Sweden and even Turkey. Maybe ammunition? What else? Factories are being retooled in Germany to produce weaponry. I think Austria and Poland are doing the same. Sweden and Finland... well.
These "negotiations" are laughable, at best. I refuse to accept the notion that all the people at those meetings did not realize it was for show and at the first opportunity all will be discarded, by any side.
No no we get to kiss Donnie Diaper’s ass. As I mentioned earlier.
That’s literally what we did. Germany wanted to keep their car exports flowing to USA, and now we are all gonna pay the price of having to buy all the American goods