5mo ago

Europe bends over for Trump. Promises to buy American weapons and accept 15% tarriff.

news.sky.com US and EU agree trade deal - with bloc facing 15% tariffs on goods into America

Speaking after talks at his Turnberry golf resort, President Donald Trump said it was the "biggest deal ever made" but some EU leaders are unhappy with the terms.

The deal includes $600bn (£446bn) of EU investments in the US, and the bloc will buy $750bn (£558bn) of US energy and also purchase American military equipment.

Mr Trump said: "I think it's great that we made a deal today instead of playing games and maybe not making a deal at all."

He said: "We are agreeing that the tariff... for automobiles and everything else will be a straight across tariff of 15%." However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would stay in place.

31 comments

If you're looking for resistance to the US empire it isn't going to come from Europe.
- I hate that you're correct

Europe didnt agree to a 15% tariff. Americans are paying the fucking tariff.
- Europe agrees with Trump that Americans should pay the tariffs.
- Europeans lose out on the profit. Thats what a tariff mainly does, divert the profits from the company to the government.
  
  How so?
- You are technically correct, but without any counter-tariffs Europe is practically paying the tariffs.
  
  No they arent, usa customers are..

No one can actually stop Trump from imposing tariffs on his own country.
- That's what counter tarrifs are for.

How long before the EU stops complaining about the Chinese EV boom just to spite trump? I mean christ that one is at least extremely transparent... god this guy is an idiot.
- Our leaders are spineless... The US says jump and we jump it's pathetic. I really wish the people of Europe organized more and put up stronger resistance because our leaders will not do shit.
  
  That would certainly help both sides of the Atlantic. We need to hurt for anything to change on our side.
  
  It’s not just ideological or lack of authority, EU economy is deeply intertwined with US’s one: if your main ally turns his back on you, you’re in deep shit no matter what you do. I agree that harder times could be beneficial (other comment to yours), but try to survive Trumps legislation could also work. In my view, it’s the decades before this that prepared the field for trouble: both with Russia and USA, Europe has made itself too dependent on foreign countries (for energy and defense, core matters with regards to be strong on an international field)
- Europe has a pretty sizable car industry, that's why they're concerned about Chinese EV's.

So, Americans will pay a 15% tax, while not getting those manufacturing jobs.
- and our misleaders ensured that we will not only lose out on profits but also pay for the privilege.

Pretending like the EU is working for the interests of EU members: What exactly is the argument for giving them 500 milliard euro in aid, and agreeing to buy their inferior products for super critical uses? How big were the tariffs they were threatening without those outrageous gifts? How can von der Leyen and co. expect us to believe they could go any higher and still afford to buy any European products?
China is selling higher quality energy equipment for a fraction of the price, and Russia is selling competitive military equipment for a fraction of the price. Not to mention the inherit security risk of buying foreign military equipment to begin with.

They didn’t say when lol

To be fair, the U.S. generally makes the best weapons.
- Not really. Their price to performance ratio is usually terrible and the maintenance cost extremely high.
- Uk have zero risk of getting attacked

31 comments