Trump reaches trade deal with EU

It's hilarious how the lemmings repeatedly fall for Trump's performative theater. I'm old enough to remember when he babbled a lot about North Korea, then saved us from a fake crisis because he is our hero and savior.

Now, there are no problems with EU trade, but the felon clown babbles that there are and he ..... saves us again! Yay, Donny!

Just don't pay attention to what's really happening: he just added $3.5T to the debt and threw appx 11 million people off Medicaid in order to give himself a tax cut. And he's trying to bury the Epstein pedo-Files.

Pay no attention though- fake trade deal!!

 

Or not.

 

The EU has admitted the $600B in energy purchases is not anything the EU can guarantee. The purchases will be coming from private businesses and the EU is unlikely to to do any incentives to ensure the energy is bought from the US.

 

Well I guess not everyone thinks a 15% tariff is the huge economic boon that you do.

 

Exactly.

Although as another poster above aluded to, markets like having certainty. Sometimes you expect a stock rally just because “any deal” got signed - presumably taking the looney tunes level of tariffs off the table. We saw Japanese autos knee jerk much higher when that deal got signed. But then the relief rally fizzles because even at 15% it’s still a net economic negative, just not as bad as originally feared.

 

Mr. global always brings the receipts. Short video for the fact challenged.

 

You know it’s bad when:

1. A thread like this goes silent and;
2. The euros are shedding public tears over how badly President Trump raked them over the scorching hot coals.
—————————————————————
To avoid worst of Trump tariffs, E.U. accepted a lopsided deal

Balancing economic interests and security concerns, European officials said they got the best deal possible with President Donald Trump, but critics said Brussels ceded to pressure.

The rough agreement — which allows Washington to raise tariffs on E.U. goods while the Europeans promise to buy more U.S. products — quickly came under sharp criticism in Europe. Despite feisty rhetoric and vows to stand up to Trump, E.U. leaders largely acquiesced to the U.S. leader’s ever-changing demands.

https://www.washingtonpost.com/world/2025/07/28/trump-eu-trade-tariffs-concessions/

 

Kamala would have done much better.

 

TBD, my guess as US consumers we will lose. As you know, the 15% tariff means it gets passed to us as the consumer — some importers will absorb the cost to preserve market share. US substitute products will likely match the market prices (assuming passed through 15%) and take more profits. Does that equate to higher US wages? Maybe, or it could just mean the 1% capital owners get more profits in their pockets. It is a good deal for US multinational corporations (e.g. LNG exporter), not necessarily good for the US consumer (e.g. electricity costs). It will get washed into the CPI across many baskets.

 

LOL. Another fake trade deal.



EU admits it can’t guarantee $600B promise to Trump

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

https://www.politico.com/www.politi...ly-from-private-sector/?_sp_pass_consent=true

 

Not at all. It's not a zero-sum game. It's really the opposite.

But it's nice sad to see you take up Trump's negative, "Us vs. Them" mentality.

That mentality will actually end up being Trump's only long-term "contribution" to the world. A national and universal selfishness. Because that's who and what he is. It will set the planet back immeasurably.

 

Ukraine just became unaffordable, and the critics are wrong once again.

 

Another framework or the kids call it… “concepts of a deal”

 

It's a bad deal for both.

 

What a great deal. The Yale Budget Lab expects this "deal" will cost the average household about 1.8%. That's 90% of the FED's target inflation with this deal alone.

 

Went from 'free trade is good for everyone and protectionism is bad for everyone," to this comment generating laughs from some in just 8 years because of one old man being stuck in the 1980s who happens to be president

 

I saw a video by him yesterday with charts that correlate rising US LNG exports with the rising price of US electricity and wondered if he was accurate in his presentation and prognostication. If he is this, coupled with AI's expected power demand, is going to make electricity very expensive in the US.