President Trump Finalizes European Trade Deal.

[Jacky S]

https://www.foxbusiness.com/economy/...l-eu-what-know

https://www.whitehouse.gov/articles/...e-trade-deals/

Just read the link. It looks like a win win for both the United States and The European Union.

I won’t comment that much, because I trust the President’s instincts and leadership. That is what we elect our leaders for.

Others will see it as the first sign of the apocalypse.

[Budman]

Here is typical whine from the bitches on the left.

1. He's hitler
2. He's stupid.
3. He just got run over by the EU.
4. This is worse than the Japan deal.
5. The economy sucks and inflation is skyrocketing. Just wait.
6. He has dementia.

Now the rest of us can celebrate another win for the USA.

[1blackman1]

Just as bad as the Japan deal. Europe won’t make the US investment promised. They likely will make the arms and weapon purchases, some of which are tied to backfilling the Ukraine commitments. They may buy some of the US energy as promised but not nearly what the administration has asked they purchase. Europeans won’t purchase billions in US goods. I’ve spent a fair amount of time in Europe. Buying US goods isn’t really a thing over there. They believe they have better overall stuff at most price points and can always buy from Asia.

As noted in the Japan deal thread, the typical American isn’t getting any benefit from these deals and as soon as Trump leaves office, many of them will be canceled and tariffs will shrink significantly. These countries are aware of that and will play along for the next 3 years. Or until our economy suffers to the point that we start renegotiating these policies.

[Budman]

Right on cue blackman. You never fail to disappoint.

[txdot-guy]

Neither of these deals are worth it in my opinion. The reason why, consumers still have to pay a 15% tax on imports. Sales taxes are regressive and hurt the poorest amongst us. Retirees should really hate anything that causes prices to rise.

[Jacky S]

Originally Posted by Budman

Right on cue blackman. You never fail to disappoint.

It’s always, “just wait”. Hoping he will fail.

As usual, TDS compels the Democrats to oppose the President.

In the mean time, President Trump is winning, and winning, and winning.

And so is America.

[Budman]

Originally Posted by 1blackman1

Just as bad as the Japan deal. Europe won’t make the US investment promised. They likely will make the arms and weapon purchases, some of which are tied to backfilling the Ukraine commitments. They may buy some of the US energy as promised but not nearly what the administration has asked they purchase. Europeans won’t purchase billions in US goods. I’ve spent a fair amount of time in Europe. Buying US goods isn’t really a thing over there. They believe they have better overall stuff at most price points and can always buy from Asia.

As noted in the Japan deal thread, the typical American isn’t getting any benefit from these deals and as soon as Trump leaves office, many of them will be canceled and tariffs will shrink significantly. These countries are aware of that and will play along for the next 3 years. Or until our economy suffers to the point that we start renegotiating these policies.

You are assuming a democrat with no balls is POTUS. I expect Vance will be POTUS for 8 years.

[Salty Again]

Originally Posted by Budman

You are assuming a democrat with no balls is POTUS. I expect Vance will be POTUS for 8 years.

... Too right, mate!

... Which means - with Vance on - so much for those
GREAT trade deals being cancelled. ...

... WINNING! ... ...

#### Salty

[Precious_b]

Originally Posted by Budman

Here is typical whine from the bitches on the left.

1. He's hitler Member of Von Trapp family did such a comparison.
2. He's stupid. What's the saying? Better to keep ones mouth shut than open it and remove all doubt? He could just post his grades and shut the libbys down.
3. He just got run over by the EU. Nah. He's doing his best to do that himself.
4. This is worse than the Japan deal. there can be better. There can be worse.
5. The economy sucks and inflation is skyrocketing. Just wait. And you have proof otherwise?
6. He has dementia. Has the same symptoms as the previous potus y'all relentlessly pointed out but are now wearing the hypocrite glasses.

Now the rest of us can celebrate another win for the USA.

Yup. But the 90 day expiration date is long gone. But hey, what's another lie.

[txdot-guy]

Paul Krugman writes.

https://archive.ph/KJoTF
What, exactly, did Trump get from Europe?

Trump has now announced a trade “deal” with the European Union that looks a lot like the “deal” he made with Japan. I use scare quotes because there is little sign of a quid pro quo. The United States is imposing a 15 percent tariff that is lower than previously threatened, but still vastly higher than we had before Trump. Overall U.S. tariffs seem likely to settle roughly at the level that prevailed after the infamous Smoot-Hawley tariff of 1930.

In return we got a vague promise of higher European investment in the United States. When Japan made a similar promise last week, administration officials asserted that this would mean hundreds of billions flowing into rebuilding U.S. industry. Japanese officials, however, say that the money will consist almost entirely of loans and loan guarantees. This strongly suggests that Japan will, if it does anything at all, simply be sticking Trump’s name on money flows that would have happened anyway. There’s every reason to suspect that the same will be true of whatever the EU does.

And like the Japan deal, this deal seems to place lower tariffs on cars made in Europe, which have very little U.S. content, than on cars made in Canada, which contain many American parts. Add in the punishing tariffs on steel and aluminum, and Trump’s trade policy seems, if anything, to be tilting the playing field against U.S. manufacturing.

When I point out that Trump’s idea of trade deals seems counterproductive even in terms of his claimed goal of boosting manufacturing, I get some pushback from readers along these lines: “Oh, yeah? If you’re such an expert on trade negotiations, tell me what deal you think you could have made.”

OK, I can answer that. If I had been in charge of negotiating with the European Union, I would have been able to get a deal with the following components:

· Very low tariffs on U.S. exports of manufactured goods to Europe, on the order of 1 percent

· Near balance in bilateral trade, with U.S. exports to Europe close to 90 percent of our imports from Europe

· U.S. companies allowed to operate freely in Europe, earning hundreds of billions a year in profits

· European corporations investing more than $150 billion a year — real investment, not loans — in the United States

Why do I believe that I could have negotiated a deal like that? Because that’s what U.S.-EU international transactions actually looked like in 2024. So that’s what we could have gotten by doing nothing.

…. Click the link at the top for the full article.

[MisterMeat]

No details. Just an announcement by Staff Edit - Biomed1 on his personal echo chamber, "truth" social and glowing propaganda from a "news source" that lost a 700+ million dollar judgement for lying.

[The_Waco_Kid]

Originally Posted by txdot-guy

Paul Krugman writes.

https://archive.ph/KJoTF
What, exactly, did Trump get from Europe?

Trump has now announced a trade “deal” with the European Union that looks a lot like the “deal” he made with Japan. I use scare quotes because there is little sign of a quid pro quo. The United States is imposing a 15 percent tariff that is lower than previously threatened, but still vastly higher than we had before Trump. Overall U.S. tariffs seem likely to settle roughly at the level that prevailed after the infamous Smoot-Hawley tariff of 1930.

In return we got a vague promise of higher European investment in the United States. When Japan made a similar promise last week, administration officials asserted that this would mean hundreds of billions flowing into rebuilding U.S. industry. Japanese officials, however, say that the money will consist almost entirely of loans and loan guarantees. This strongly suggests that Japan will, if it does anything at all, simply be sticking Trump’s name on money flows that would have happened anyway. There’s every reason to suspect that the same will be true of whatever the EU does.

And like the Japan deal, this deal seems to place lower tariffs on cars made in Europe, which have very little U.S. content, than on cars made in Canada, which contain many American parts. Add in the punishing tariffs on steel and aluminum, and Trump’s trade policy seems, if anything, to be tilting the playing field against U.S. manufacturing.

When I point out that Trump’s idea of trade deals seems counterproductive even in terms of his claimed goal of boosting manufacturing, I get some pushback from readers along these lines: “Oh, yeah? If you’re such an expert on trade negotiations, tell me what deal you think you could have made.”

OK, I can answer that. If I had been in charge of negotiating with the European Union, I would have been able to get a deal with the following components:

· Very low tariffs on U.S. exports of manufactured goods to Europe, on the order of 1 percent

· Near balance in bilateral trade, with U.S. exports to Europe close to 90 percent of our imports from Europe

· U.S. companies allowed to operate freely in Europe, earning hundreds of billions a year in profits

· European corporations investing more than $150 billion a year — real investment, not loans — in the United States

Why do I believe that I could have negotiated a deal like that? Because that’s what U.S.-EU international transactions actually looked like in 2024. So that’s what we could have gotten by doing nothing.

…. Click the link at the top for the full article.

Paul Krugman is a far left idiot who thinks you can spend your way out of anything .. like a recession. FDR tried that and failed. Obama tried that and failed. and yet this idiot thinks it works


his opinion is so far left biased as to render both his Nobel and his degree in Economics a farce

[Salty Again]

... Blimey! ... Paul Krugman doing nothing? ... So true...

... President Trump and the trade deals - More WINNING! ...

#### Salty

[txdot-guy]

Originally Posted by The_Waco_Kid

Paul Krugman is a far left idiot who thinks you can spend your way out of anything .. like a recession. FDR tried that and failed. Obama tried that and failed. and yet this idiot thinks it works


his opinion is so far left biased as to render both his Nobel and his degree in Economics a farce

No offense intended but I think I’ll give more credence to A highly educated, well regarded, Nobel prize winner than an anonymous poster on the internet.