this post was submitted on 30 Jul 2025
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128
EU admits it can’t guarantee $600B promise to Trump (www.politico.eu)
submitted 4 days ago by MicroWave@lemmy.world to c/news@lemmy.world
16 comments fedilink hide all child comments
 

The extra investments pledged under the trade deal would come from private companies, which Brussels conceded it has no power to control.

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[–] Thedogdrinkscoffee@lemmy.ca 83 points 3 days ago* (last edited 3 days ago) (5 children)

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.

[–] saltesc@lemmy.world 18 points 3 days ago

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.

[–] dhhyfddehhfyy4673@fedia.io 13 points 3 days ago

These "deals" with Japan and the EU aren't worth the ink used in the signature.

These deals were never even put in writing, so yeah... lol

[–] Fredthefishlord@lemmy.blahaj.zone 3 points 3 days ago* (last edited 3 days ago)

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

[–] Wrufieotnak@feddit.org 3 points 3 days ago (1 children)

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.

[–] Thedogdrinkscoffee@lemmy.ca 4 points 3 days ago

Our Prime Minister is a Goldman Sachs alumni, so maybe this all goes terribly wrong.

[–] anarchy79@lemmy.world 2 points 3 days ago

Wishful thinking.

[–] gAlienLifeform@lemmy.world 16 points 3 days ago

which Brussels conceded it has no power to control

Bullshit, you just said a quiet part out loud and now you're trying to sweep it back under the rug but you absolutely have soft and hard powers to incentivize these companies to do what you want, you just don't want to admit it because you'll face uncomfortable questions about why you never seem to pressure these companies into serving the general public and this kind of thing only happens when rich people's yacht money is at stake

[–] elucubra@sopuli.xyz 15 points 3 days ago (1 children)

Do you think anybody is going to spend a minute checking if this is carried out?

This is only a face saving "deal" for trumps benefit.

[–] anarchy79@lemmy.world 3 points 3 days ago (1 children)

A one and a half TRILLION euro deal? Yes, I think people will "check if it's carried out".

[–] elucubra@sopuli.xyz 3 points 3 days ago

How are they going to check/enforce private corps investing?

[–] WatDabney@lemmy.dbzer0.com 19 points 3 days ago (1 children)

Trump is a snake oil salesman, and the bogus product he sells is himself.

[–] anarchy79@lemmy.world 9 points 3 days ago (2 children)

He is the clown they put in front to distract from the truly dark shit the actual rulers are doing behind the loosely drawn curtains.

Project 2025 is HALFWAY DONE, btw. In five months.

https://www.project2025.observer/

[–] WatDabney@lemmy.dbzer0.com 2 points 3 days ago

Yes.

He's not just a clown though. He's an emotionally stunted, psychopathic, delusional narcissist who happens to be mentally ill in a particular way that leads to him generally making just the sort of demands they need to complete their goals.

For instance, they want to be able to arrest anyone at any time in order to shield themselves from criticism and opposition. Trump also wants to be able to arrest anyone at any time, but for him it's because he's a racist piece of shit and a thin-skinned crybaby who wants to hurt people who say mean things about him. So they can sit back while he does all the work to make it possible to arrest anyone at any time, then reap the rewards.

And since he's a delusionsl narcissist and has not just the emotionsl development but the attention span of a child, any time he's not quite on track, all it takes is for somebody to whisper the right words to him, and off he goes.

But yes.

[–] jlh@lemmy.jlh.name 1 points 3 days ago

I think having a progress bar for project 2025 is a bit disingenuous. There has a been a ton of damage to NIH, but that site says nothing has happened to NIH yet.

[–] FelixCress@lemmy.world 3 points 3 days ago

Makes no odds. He is only after headlines anyway.