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GylesNaMopaleen
@gylesnamopaleen.bsky.social

I don't understand your argument Dave. There was no US-EU trade deal done. The optics for trump tariffs are for MAGA voters who don't understand they have to pay those additional tariffs. this is all theatre for trump. it's not really about trade.

GylesNaMopaleen
@gylesnamopaleen.bsky.social

or to put it another way. MAGA voters were cheering & hollering "U-S-A" all night after the "biggest trade deal ever" was "done" by shaking hands with Ursula. Meanwhile, no deal was actually done and Europeans talk about "the start of a process".

Reuters@reuters.com

LIVE: European Trade Commissioner Maros Sefcovic reacts to EU-US trade deal youtube.com/live/VXo02A7...

youtube.comLIVE: European Trade Commissioner Maros Sefcovic reacts to EU-US trade dealYouTube video by Reuters
Dave Keating
@davekeating.substack.com

What was agreed wasn't a deal, it was a unilateral surrender. The EU agreed to accept the 15% tariffs and not object to them at the WTO, and they agreed to extortionate demand to pay billions in energy and weapons. Whatever the details end up being, the Europeans surrendered.

GylesNaMopaleen
@gylesnamopaleen.bsky.social

but EU member states were already buying US energy and weapons. How do you surrender to something you're already doing? Trump got his "biggest deal ever" headline and has already moved on to giving putin "10 or 12" days to end the war....as if he has an amazon delivery that day!

GylesNaMopaleen@gylesnamopaleen.bsky.social

As the Wall Street Journal points out, as it slates the trump deal, "Sorry Mr President, but, Europe is already the largest foreign investor in the US." There is nothing (for Americans) to celebrate. Moving from 2% to 15% tariffs is inevitably going to drive up inflation. It's bonkers! 3/5

Michiel Bontenbal
@mpbontenbal.eurosky.social

I am from the Netherlands, an economic powerhouse. But every Dutchman knows we have always been dependent on our neighbours through trade and cooperation. We don’t mind that we are not fully sovereign, we got used to it over the ages. I guess this is true for most European countries.

Nicolas Serrière
@nikser.bsky.social

The EU might be good (or bad) at setting EU-wide measures, such as tariffs, but it has no capacity to force individual states to buy x amount of energy or arms, does it? In my understanding, it can't be enforced. So could it indeed be just about buying time and short term stability?