Why do we pay our braindead politicians
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I'm so disappointed. All those words about fighting back and instead we get this, while acknowledging his nonsense trade deficit stories.
Didn't they just tell mr bully that bullying is legit and profitable?
Yes, as usual -_-
This just shows how weak and feeble the EU is. To see Von Der Leyen sitting their grinning and fawning over Trump was nauseating. They have capitulated over the fundamentals of free trade and gotten nothing in exchange.
They have capitulated over the fundamentals of free trade
The US chose to set themselves a tax that will hurt themselves. The EU will really not feel it all that much, except in the need to stick some "To: China" shipping labels over the old "To: USA" labels.
and gotten nothing in exchange.
There is no "deal". This isn't a negotiation. Trump phrases it like that, but this is internal tax policy. The USA wants to hurt their economy to increase their tax revenue, and they're doing it by taxing their own people on imports. Let em.
The only pain the EU feels is the pain of the US buying fewer products and having fewer products as a result.
Honestly, the more I think about it, letting the US hurt itself is not a bad policy in the long term. For the EU, it's mostly a selling market anyway, and there are plenty of those.
Totally agree. Nothing is signed and it is just to acknowledge that there is a sales tax on American people. Who cares? There is more activity within the trading bloc itself. It is important to not be lost in the noise and it better to let Trump fiddle with his tariffs and we focus on the internal of EU.
How will selling to China work now? I think we had decreasing exports to China for a while now, how will that change?
I think this just shows the lack of cards the EU has to play at this point in time.
It seems the EU has no political will for anything really. Just a sad, lifeless bureaucratic shell without much cohesive power let alone a visionary prospect of the future.
Everyone's acting like the EU "capitulated", when I see it as the EU's fascist oligarchy showing solidarity with the USA's fascist oligarchy; they told the EU's political class what terms to accept.
There is no war but class war, and neoliberalism will not save us from itself; sure as shit not from fascism.
The new deal with the European Union could still run into trouble. The Trump administration faces nearly a dozen lawsuits seeking to have its tariffs declared illegal on the grounds that Mr. Trump does not have the authority to impose them without the consent of Congress. Should those suits succeed, Mr. Trump would be back to square one.
Andrew Hale, a trade policy analyst for the conservative Heritage Foundation, cautioned against reading too much into the deal with the European Union until the text is released and the lawsuits are resolved.
βThese are not comprehensive free trade agreements,β he said. βLetβs make that very clear. And much of this may evaporate.β
It's not often that I agree somehow with the Heritage Foundation. Even that happens. Let's see what the future holds with this.