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I'll repeat a comment from another thread.
There is no deal in EU or Japan. Trump is con artist. A serial fraudster. He is not bound by any court or the rule of law or congress. He is a proven bad faith actor. The US is a bad faith actor.
These "deals" with Japan and the EU aren't worth the ink used in the signature. EU and Japan know this as does the US. This is three lying parties, staring each other in the face, all knowing everyone is lying. Japan and the EU are lying to buy time to de-integrate economies as gracefully as possible. Trump is lying in that this deal won't be renegged asap and an even shittier deal will be attempted.
Nobody, and I mean nobody is fucking investing in Trump's America. Everyone is moving as fast as possible to divest from the US to domestic for strategic needs and reliable trade partners for everything else. No one would risk further entanglements with a bad faith actor bound by nothing but Antisocial Personality Disorder and a sexual desire for children.
My partner works in an industry where they have and the other companies are poising themselves to take advantage of Trump's tarrifs. Prices will rise for the US consumer, but offshore manufacturers will provide an exclusive manufacturing service because it's cheaper to buy the product from them than it is to manufacture domestically. This will continue to be the case until the US manufacturing infrastructure rushes to react (over years) and struggling to find a workforce to fill it.
So, nothing has changed, but US consumers will be much more dependent on other nation's products, especially in certain industries. It's simply cheaper to get the final product from international brands than buy the ingredients, let alone set up the infrastructure.
These deals were never even put in writing, so yeah... lol
Spoken as somebody who doesn't know german politician's stubbornness to go even the wrong way till it's end.
I hope you're right, but I'm not too optimistic, especially with us having a BlackRock manager as chancellor.
Our Prime Minister is a Goldman Sachs alumni, so maybe this all goes terribly wrong.
Alternatively, they could be hedging their bets on trump getting ousted for a more agreeable government, and keeping up ties for 3 more years until they know for sure is not an unreasonable timescale for governments
Wishful thinking.