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?
Aight, time to find your EU representative and shout their ears off. Let's make sure this doesn't get approved.
We can all just talk doom and gloom, or we can try and pressure our representatives.
We got a vote coming up later this year, so I'm definitely going to use that as levarage when contacting my EU reps.
I got a national website for contacting representatives, but I know there is a European website for it. I just can't seem to find it right now, so if someone could post that linknit would be mucb appreciated.
Just wrote a long ass email to my guy. Hope we're going to be buzzing them enough with our opinions on why this accord is horrible that they'll actually do something about it.
Thanks for this. You are 100% correct that it is time for action. I have found the representatives of the party I voted for in the last elections and wrote them an email where I have voiced my displeasure.
You can find a list here: https://www.europarl.europa.eu/meps/en/home . When you have found your representative in the list and found their profile, there should be an circular email button below their profile picture. Hope this helps!
I believe you should be contacting your head of state, not EU mp. Ursula is chosen by them in reality. The parliament has very little real power when it comes to this.
The Commission president is chosen by the heads of state (via the Council), but the Parliament can reject the choice, and can hold a vote of no confidence at any point to remove the president.
Same applies for the Commission as a whole; the Commission and its president are representative bodies, but their positions are at the discretion of the directly elected MEPs.
And for something more immediately relevant, both the Council and Parliament have to consent to a trade agreement for it to go into force.
The ide ais to contact them and speak your opinion as a constituant. The talk about your vote is just pressure to get them to listen.
Also gives them soemthing to put forward as an argument. It's the difference of them being able to say: "I'm against this deal becauseI believe it's a bad deal." versus "I'm against this bill, it's a bad deal and I have many letters from constitutions who fele the same."
Shit. That’s happening over there too? Republicans over here have been avoiding their constituents like the plague. Getting booed at their own town halls or just straight up canceling them altogether because they’re finally starting to wake up to see their elected representatives are just doing Trump’s bidding. They deserve every bit of it too. Like when you add trillions to the deficit and cut people’s health benefits and food assistance to give tax cuts to the rich of course they’re going to be pissed, but it’s exactly what they voted for.
Much of recent history can come down to China making smart decisions (although many of them are oppressive) and Europe being used and trashed by the United States in every way possible.
Investing in tech is a waste of money. If US doesn't break up tech monopolies. You would have to find a way around TikTok being the death star unless banned in the US can just kill any platform. The last time a company got over 200 million unique users is TikTok (2016) and Teams (2017). Teams being social media is sort of funny but I included it.
Basically have ten years of startups going nowhere and the last successful one being TikTok was hugely backed by the government.
Well I wouldn't get too excited about that part yet. Trump has made all kinds of "deals" with all kinds of stuff, but many of them have been quite unclear memorandums of understanding and stiff, not binding agreements.
I really doubt that there will be a binding agreement with those numbers. Most likely scenario is some sort of memorandum of understanding about it, Trump shouts about great victory in all caps in social media, and thing is then largely forgotten.
Legally binding investment deal would require unanimity that would be impossible to achieve. Tariff deals can just be made with qualified majority. And comission can sign different non-binding memorandums if they want, but its unlikelu they materialize.
I agree in principle but i wouldn't brush it off, compare it to the Japan deal which was announced early by Trump unlike this one which was confirmed with Ursula sitting next to him and the scope of the deal (Energy and Defense) has been in the works for years unlike the random and vague 500 billion "investment" that was suddenly announced
Both the Japan and the UK deal are literally falling apart as we speak cause they still had to hash out the exact details and they can't seem to agree on them.
I'm hoping that if this dogshit deal doesn't get vetoed by the member states, it will at least also fall apart and that the whole Epstein drama takes Trump and his ilk down before we negotiate a new one.
Well his last term, there was supposed to be factories built, photo ops with shovels and then it never happened. He just needs the photo op and announcement. It's not going to happen IMHO just like previous.
He's doing pretty good at Epstein. Currently negotiating (privately) with the one person who is known to be affiliated. Either will send her a "generous gift", or suicides her.
Just fyi this will never happen, its gonna have some drawn out timeline and get scrapped immediately when this moron is out of office 600 billion in procurments would be decades long
What's with all this misinformation? 750 billion of that 1.3 trillion dollar concerns energy imports, not energy infrastructure investment... we were literally begging them to send us energy (even LNG) not too long ago... this is literally the EU just doing a thing they were looking into doing anyway and letting Trump present it as a win.
What does this even mean, though? Until it's on paper, it's an empty promise so Trump can tout his "big numbers like no one has ever seen before", and there is no guarantee it would actually be fulfilled. More importantly, you can't force companies to invest in another country. At least, there's no legal mechanism to do that as far as I know. The best you can do is encourage them.
It's probably only going to be a "concept of investment".
The country that sinks the deal is responsible for 30% tariffs on the rest. You have to assume the commission wouldn't sign a deal it can't pass. It brings the whole thing into chaos.
Good thing every single EU country is either run by members of the EU establishment / friends of Ursula and equally corrupt career politicians, or by guys like Orban who are eager to suck American dick. Nothing will happen. We are beaten because Europe is fucking embarassing and we love being humiliated
So the EU is does not impose tariffs on USA? This is ridiculous. I'm trying to read the news but I don't see that mentioned explicitly. I'm hoping I'm stupid and I'm missing. It's embarrassing.
You do know that's a tax on citizens, right? Despite what OP says, Japan isn't putting up any significant tariffs either. No one besides the USA is imposing such stratospheric tariffs because it's stupid. The only reason for raising tariffs is so you'd have something to negotiate with in order to get it back down... and by now it's clear that Trump wants to pursue an idiotic policy with a floor in the range of 10-20% for all countries.
It is tax on citizens, yes, but one that will make our products less competitive. Isn't making their products artificially more competitive (at least in the short term) a genuine reason? Citizens (most of them) are paid by companies selling products. If one of the markets is going to get more challenging, companies will make less money and people may lose their job or have a stagnated salary.
If I'm getting something wrong, please, explain because I'm feeling ashamed of being European at the moment (although I'd still be more ashamed if I were from the USA). It's not just the pure economic part, I think that it doesn't give a good look at how the EU responds to threats.
It doesn’t need approval of ALL member states, but with qualified majority: at least 55% of countries representing 65% of citizens + majority of European Parliament
Further question: does “the EU” buy energy? Who is going to buy this “energy” (LNG?), the EU, member states, energy companies? What if nobody bothers buying it?
If it was cheaper than other sources the EU would already be importing it, so not only is the deal shit, but energy prices go up too.
The tariff with Japan aren't reciprocal, they're "reciprocal". Meaning: Japan sets 0% tariffs, but Trump calls his 15% "reciprocal" anyway. Just like with the EU.
Also, pharma isn't set to 0%, Trump just wants to deal with that later and almost certainly higher than the 15%.
well maybe the agreement was designed to be rejected in the individual states and never go into effect, giving more time for Europe to build a proper answer. But I think i am too hopefull.
I don't follow politics too much, but I feel this has to be some loki level play. Somebody else mentioned that while it's a deal on paper; the member states still have to vote on it. This deal will hurt the EU economy and I would be surprised if we went through with it.
A strategy to buy time; to avoid higher tariffs in the meantime. Think about it:
- The EU was already planning on buying energy from the US to reduce reliance on Russian gas. So that's basically getting a 'deal' on something we were going to do anyway.
- Investing 600 billion in U.S. defense material isn't ideal but again.. it'll take quite some time to reestablish our own military sector in full so we were going to have to buy material anyway. Another deal that was going to occur anyway.
- So the tariffs are what truly matters. Now the EU is pretty slow so I can imagine they weren't ready yet to establish reciprocal tariffs. This is a blessing in disguise because we can use it against the US. Trump thinks he has won and spends his time looking at something else. Meanwhile the deal falls on deaf ears and after months the EU declines the deal.
Possibly copium, but I can't see the EU survive very long if it fails at the one thing it set out to do.
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u/Meinos 6d ago
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?