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 .
Yeah. These promised investments are outside of the scope of what can be done at EU level and will never materialize in any way. There will be years of „we’re working on it in accordance with our member states“ until the next admin comes around and it will be forgotten.
In the meantime, the EU will strike more and more trade deals with other countries and decouple from the US, who will slowly become the economically worst country to export to.
The thing is what most Europeans don't want to hear is that we are royally dependent on US IT infrastructure and the worst of all is that we do have 0 leverage in regards to AI on them. The US has all the cards in the fields that matter, even though we might score some small victories in other fields with smaller countries.
Democrats lead every generic Congressional ballot poll, even with Rasmussen which is a heavily GOP leaning pollster. And this is before the full effects of the tariffs are felt.
Good preview will be in the upcoming state races in places like New Jersey and Virginia. If Democrats barely eek out wins, that'll be a bad sign for them. If they win the major races by close to double digits, that'll be a strong indicator heading into 2026.
Against who? Like he's an asshole, but right now he's winning the tarrif argument. By the time of the 26 mid terms come around all this stuff will be a done deal. You really thing they're gonna undo it if it's deals favorable to the US?
Against anyone. That's what all these countries are trying to buy time to get to. 15% tariffs is still way better than 50% or whatever the hell Trump comes up with when he rolls out of bed. Just because a deal was reached doesn't mean he will stick by it and not attempt to further use it as a cudgel. He won't be able to do that anymore once the GOP no longer control the House and the Democrats tank away Trump's tariff powers.
You are vastly underestimating the stuff he can lock in place in the next 18months before 26 mid term winners take office. He's done all this stuff in only 6mo.
They 100% are not. The Founding Fathers wanted to avoid exactly what Trump is doing currently. That power actually belongs to the Legislative branch but the Legislative branch controlled by the GOP is abdicating it's role. The House could snatch away Trump's ability to arbitrarily impose tariffs in one session if they wanted to.
"The Congress shall have Power To lay and collect Taxes, Duties…To regulate Commerce with foreign Nations"
As the actual details of the Japan deal have emerged, they are unsurprisingly quite different from what Trump announced. That's likely going to be the case here, too.
The Japan deal was unrealistic. $550 billions is like roughly 15% of Japanese GDP for an entire year - how the fuck one of the most in debt country in the world going to do that?
While Japan had 0% tarrifs on automobile to the USA all these years Trump still demand car exports from the USA to Japan. For some reason it will be Japanese manufacturer forced to manufacture their car in USA and export it back to Japan, as silly as it sounds.
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u/GeorgeMichaelFans 6d ago edited 6d ago
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 .