US and EU strike trade deal

https://www.politico.eu/article/us-and-eu-strike-trade-deal/

by Crossstoney

39 comments
  1. “The United States and European Union struck a trade agreement on Sunday locking in a 15 percent tariff, days before Donald Trump’s deadline to do a deal or face tariffs double that level.

    Trump, speaking after meeting European Commission President Ursula von der Leyen at his Turnberry golf club in Scotland, announced the deal to U.S. reporters.

    He said the EU will agree to purchase $750 billion of energy and will agree to invest $600 billion more than planned in military equipment and opening countries to trade at zero tariff. 

    The tariff rate applying to imports from the EU would be 15 percent, with the same rate applying to cars. Pharmaceuticals will not be covered by the deal.” – Politico

  2. Didnt they keep saying 10%? I see this as a big fail for EU. Theyve bent faster than thai hooker on the day of navy arrival

  3. How embarrassing we can’t step up against this buffoon. Shit deal.

  4. We knew it was coming, but what the fuck…

    How is any of this fair? And what about the digital service tax?

  5. So the US has a 15% tariff on EU goods while we don’t put tarrifs on their goods? Doesn’t sound fair. Ursula really doesn’t have a spine.

  6. I’m absolutely disgusted and disappointed by the European Union. I thought they were gonna stand on business and deal Trump a hard battle, but instead they back down and hand him a victory. Absolutely disgusting.

  7. I don’t have any more words for these puppets, if i say what i really think i will not only get banned but probably arrested. 15% tariffs on our exports, 0% on theirs, while we fuel their military system buying weapons from them.

  8. “The European Union is going to agree to purchase from the United States $750 billion worth of energy,” Trump said. “They are going to agree to invest into the United States $600 billion more than they’re investing already.” + 15% Blanket tariff except steel and medicine.

    Not with my money Ursula ! We didn’t elected you for that ! 1.35T$ ?! That is the close to the whole amount of EU banknote circulating in the world ! I hope you are going to put flag on every goods in EU so that we know where they come from.

  9. I hate Trump, but I guess a con man knows how to recognize a sucker. The EU just got reamed.

  10. Total capitulation, embarrassing, though i don’t understand, isn’t the EU an economic bloc made also to deal with shit like this and give more leverage? If they can’t the EU literally failed in one of its most important objectives

  11. Aaaaaand he fucked us too.

    People criticize him, but honestly he got the edge in all of these deals (obviously since the USA is the strongest country right now).

  12. Ursula is possibly the worst European leader in all of history.

  13. The deal will still need to be approved by all Member States… And thank god because this is *fucking EMBARRASSING*. Everything at 15% while steel and aluminum keep getting tariffed at 50%, and no tariffs on EU products with a promise to buying billions in energy from the US. The article compares it to Japan but with Japan the 15% tariffs are RECIPROCAL.

    It seems that this translates to: “screw the EU in the ass as long as you don’t tariff pharmaceuticals”. Now guess which country in Europe has the biggest pharmaceutical companies?

    Queen Ursula indeed. She would do anything to keep in power and secure a nice retirement, heh?

  14. The strongest argument for the EU always was that we’d be one of the biggest economies in the world and could be tough on trade.

    All I’ve seen is EU leaders accept the shifting goalposts 3 times while putting up a massive bootlicking show at the NATO summit. I’ll never forget this spineless performance. 

    We’re paying up for Ukraine, have to increase defence spending by 1,5%, and accepted that all of our exports to the US are now 15% more expensive while they have unfettered market access. It sickens me.

  15. To summarise the deal: PRETTY FUCKED for Europe. European Union countries will need jointly invest no less than $600 billions ( Japan deal is Japan invest $550 billions) at US direction, saying US decide how to invest EU’s fund. Not clear the profit split yet. (Japan deal is Japan only receives 10% of the investment profits, US holds 90% profit). In extra, EU countries will need buy no less than $150 billions US energy/commodities .

  16. >Trump, reading from a paper, said the EU will agree to purchase $750 billion of energy. It will also agree to invest $600 billion more than planned in the U.S., in military equipment and in opening countries to trade at zero tariff.

    >The tariff rate applying to imports from the EU would be 15 percent, with the same rate applying to cars. Pharmaceuticals will not be covered by the deal. Trump also said that steel and aluminum would continue to be subject to 50 percent tariffs.

    Man, for all that tough talk VdL caved hard. So the US will get something like 1.5 trillion USD in purchases while we still get tariffed at 15%. People here cheering for the Euro’s gain should remember that our import into the US will now get even more expensive because currency difference + tariffs = our stuff cost too much.

  17. Next time this sub laughs at Trump, think about how we yet Europeans again foot the bill for the trillionaires over the ocean because we were unable to create our own ecosystem.

  18. The problem is not the tariffs. The problem is we have compromised hige investmentes, energetic and defence policy to accommodate us interests in a clearly deteimental deal for eu interests

  19. This is a clear win for Trump and definitely a defeat for the EU. I don’t see how this continues to stand with members like France. I wonder if this decision will further throw the EU into a cohesion crisis with members no longer seeing a benefit of joint negotiation vs bilateral deal. Like France or Germany might sweet talk Trump into a better deal depending on the day and his mood.

  20. VDL is becoming more and more ridiculous. We need to stop being servants of the Americans.

  21. All the more reasons to not be dependent on one party. What a shame. 

  22. It’s amazing how the country that has resisted trumps trade BS the most is the Canadians who are more dependent on the US for their economy than any other country.

  23. So we cannot invest even 500 billion in ourselves but lets give Trump nearly 1.5 trillion? How about invest in Europe and stop taking it up the ass..

  24. Trump won. Ursula folded like a garden chair. Sad useless woman. Go away! Loooooooooosers.

  25. I am a massive supporter of the EU, but what the fuck is this? Complete capitation? You’re not gonna last very long like this Ursula

  26. Absurd deal. Will only fuel the far right nationalism and anti eu talks. Ursula is spineless.

  27. “15% tariffs, buy 750 billions worth of energy and invest 600 billions in USA, while EU get nothing”

    Deal of the century, the people who said EU is just the lapdog of USA were right

  28. It doesn’t sound great for the EU but it looks even worse when EU officials were saying the UK deal was bad and they’d get better

    They did not

  29. Needs to be another vote of no confidence against Ursula. She bent over completely and gave Trump everything he wanted while getting nothing at all in return. How can you be the leader of an ECONOMIC union and fail so bad at negotiations. Get that spineless coward out

  30. So US places 15% tariff on all EU goods and we spend 600 billion on their weapons + all the other things? Doesn’t seem we got anything out of this.

    Chinese and Russians are correct when they see EU as Americas vassal state.

  31. >Trump, reading from a paper, said the EU will agree to purchase $750 billion of energy. It will also agree to invest $600 billion more than planned in the U.S.

    Thus, the extortion was a success. See you in three to four months when the next demand comes up.

    They have still not learned a fucking thing about dealing with Trump.

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