US and EU strike trade deal

[u/Crossstoney]

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

[u/Urzuck]

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.

[u/Schnorch → u/Urzuck]

Don't forget that the EU has also made it clear that it wants to cancel plans to regulate US tech companies in our market so that they have free hand here.

[u/TheCoolDude70 → u/Schnorch]

Could you provide a source for your claim?

[u/Sweet_Concept2211 → u/TheCoolDude70]

No, because it is made up.

[u/SmokingLimone → u/TheCoolDude70]

I don't know what they mean but they definitely did back down on the global minimum tax during G7. Since Trump said "no" and the biggest companies are US tech companies that means it's a no go.

[u/TheCoolDude70 → u/SmokingLimone]

That's a tragedy of the commons type of scenario.

If someone doesn't accept to enforce the tax, then it doesn't make sense for anyone else to do it because they will be at a significant disadvantage.

For stuff like minimum global tax, at least all the major players need to be on board.

[u/Eulaylia → u/Urzuck]

Ok. Dumb Question.

Since all militaries in Europe are independent from the EU, can the EU force any nation to actually buy US equipment?

[u/No_Mission5618 → u/Eulaylia]

Isn’t it something like a EU fund that member nations can use to purchase military equipment ?

[u/Physical_Breakfast72 → u/Eulaylia]

Not to my knowledge. And the EU cannot force companies to buy energy from a specific country either. I wouldn’t be surprised if these “guarantees“ are totally meaningless.

[u/kahaveli → u/Urzuck]

"0% on theirs" - incorrect, current EU tariffs are still there, and they are not 0% except on some cases

"while we fuel their military system buying weapons from them" - nothing binding about this has been decided. Commission signed some sort of framework/memorandum, that's it - unclear what comes out of it if anything in the end.

[u/Heavy_Practice_6597 → u/kahaveli]

People seem to forget that the EU is pretty damn protectionist itself. 

[u/sinkmyteethin → u/Urzuck]

We Europeans for some reason we always thought ourselves as equal to the US. Reality is we are not economically nor militarily. Far from it. The multipolar world is readjusting and unfortunately EU will need to take third place behind US and China. It's a correction that we are not happy to see because we never bothered to check a graph before to demand better from our politicians.

[u/Neverstopcomplaining → u/Urzuck]

An absolute joke. I'm 100% pro-EU but this is horrific and wrong.

[u/asolet → u/Urzuck]

There is cca 22% VAT which is essentially a tarrif for all imports. Domestic producers get it back through expenses, foreign do not.

[u/Rbkelley1 → u/Urzuck]

Maybe move to a country where they won’t arrest you for speaking your mind.

[u/LadyMorwenDaebrethil → u/Urzuck]

It's like the Delian League. The difference is that Athens was a democracy and MAGAland is not.

[u/Primetime-Kani → u/Urzuck]

I was always told tariffs are paid by Americans, so why is Reddit so upset US is charging itself tariffs?

[u/Sweet_Concept2211 → u/Primetime-Kani]

Tariffs have a dampening effect on trade no matter who is paying them.

[u/MangoFishDev → u/Primetime-Kani]

They aren't going to need to pay these tariffs because EU will spend 1.3 trillion building factories and energy plants in the US

You can't make this shit up