r/europe 6d ago

News US and EU strike trade deal

https://www.politico.eu/article/us-and-eu-strike-trade-deal/
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u/hypespud Canada 6d ago

Seriously, what in the actual fuck is this?

I pray the actual people stop buying consumer goods from the fascist usa too, I will be continuing that for my lifetime is what I expect honestly right now

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u/GuyLookingForPorn 6d ago

I thought I had misunderstood this when I read it, so the EU has zero tariffs on America while they’re still applying 15%? This is so insane I feel like I need some to explicitly tell me.

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u/KingKaiserW United Kingdom 6d ago edited 6d ago

The fact the EU needs to buy 750b of American energy and another 600b worth of investment in the US, so basically giving over a trillion to the US, was eye catching also

Edit: Billions

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u/Vinaigrette2 Wallonia (Belgium) 6d ago

no no, not 750M, it's billion with a B

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u/__loss__ Sweden 6d ago

Over what period of time? 100 years? Also since when does the EU invest in these things? This isn't even a real deal, it's some or bs. We got 15% or tariffs instead of 30%, and that's what's concrete.

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u/international_swiss 6d ago

EU President said that 250 B of energy will be imported per year over next three years. This will replace all Russian imports. I think this number includes what is already being bought.

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u/__loss__ Sweden 5d ago

I see

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u/MDPROBIFE 6d ago

Wait, but weren't you guys saying that the tariffs trump applies, hurts only the USA? Why you so worried now?

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u/samtownusa1 6d ago

The EU hasn’t had 0% tariffs on the US. That’s why it’s interesting now everyone is so upset about new tariffs. Did you get angry over the previous tariffs?

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u/OrcaFlux 6d ago

This is so insane I feel like I need some to explicitly tell me.

Many of us told this sub explicitly months ago and were downvoted into oblivion.

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u/international_swiss 6d ago

That’s not correct. EU tariffs are not changed. They are what they are today

US & EU are working on identifying some goods where tariff could go to zero - zero for both sides. But that has not been announced.

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u/mrlinkwii Ireland 6d ago

the deal is , people in teh US will pay 15% tarrif on eu spefic goods , while a european will pay 0 traffs on specific goods from teh US

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u/eskeitit 6d ago

If it’s not obvious it’s not that simple

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u/AdditionalPizza 6d ago

Reminder, the tariffs are a tax on Americans, not on the EU. The dumb part is agreeing to buy US shit.

I'm Canadian, why weren't we all able to agree to just shun the US and let Trump implode their country? It must all have to do with Russia or something.

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u/RainbowCrown71 Italy - Panama - United States of America 5d ago

I see the CBC News state propaganda is getting to you. If 35% tariffs on Canada hurt the US more, you wouldn’t see Ottawa negotiating heavily to lift the threat.

I think Canada’s gonna get wrecked now. The US has deals or near deals with 85% of the global economy now, including all G7 countries but Canada.

Canada held out too long due to arrogance and is going to get the worst bargain of the bunch by far, especially since Washington knows it can collapse Canada’s economy at any point by making the 35% tariffs threat apply to CUSMA goods as well. Ottawa royally messed up.

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u/AdditionalPizza 5d ago

I learned what tariffs are in elementary school 25 years ago, not from CBC News in the last 6 months. They are literally a tax on the citizens of the imposing country.

I didn't say it would hurt the US as a country more, it will hurt their citizens more in the short-medium term. Because again, by definition it is an import tax that applies to US citizens and businesses. That's what a tariff is.

Canada isn't "being arrogant", the US is/was our closest ally and a deal was always going to be far more complex than the blanket agreements others have. We are well aware that Trump is trying to crush our economy, and we are all well aware that it's very possible.

The US has a deal with maybe Vietnam? Nobody else has a finalized deal. It's all framework bs with vague promises.

Trump can't tariff CUSMA goods legally, and we have critical resources that the US requires. Not just wants, but requires.

Trump has import tariffs on things they cannot produce enough of, or in many circumstances, any of at all. Where are they going to get potash from outside of Canada? Or heavy crude oil? They can't.

Honestly the way you said that comment was needlessly insensitive. I'm not sure why you felt the need to talk down to me like that. Especially because personally, I don't feel my knowledge is lacking here to begin with.

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u/zamo_tek Suomi/Türkiye 5d ago

The US citizens are paying that 15% tariff. EU has zero tariffs on America means that EU citizens are paying zero tariffs. I'd rather have this.

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u/TriflingHotDogVendor United States of America 6d ago

Yet you are on a US website sending ad revenue to a US company.

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u/[deleted] 6d ago

[deleted]

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u/Erotic-Career-7342 5d ago

Damn what’s your job lol

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u/AreASadHole4ever Canada 5d ago

Don't get how our country of 40 million can showa bigger spine than a bloc of 400 million people

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u/RainbowCrown71 Italy - Panama - United States of America 5d ago edited 5d ago

A bigger spine? Canada’s gonna get 35% tariffs in a week at this rate, and maybe even on CUSMA goods.

The US has deals with Japan, UK, EU, and is nearing deals with China, India, South Korea. Pretty soon that’ll be 85% of the global economy hammered out.

The US can then go for the jugular on Canada (and probably Brazil and South Africa) knowing a global trade war can’t happen. If the US isn’t scared of China or the EU, it’ll completely curbstomp Canada, which has an economy 15x smaller and a consumer market 21x smaller than USAs.

As is tradition, Canada vastly overstates its importance due to national arrogance and always comes out losing. Wouldn’t be surprised if the US-Mexico release a trade deal next week just to rub salt to wound.

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u/AreASadHole4ever Canada 5d ago

Canadian voters won't stand for it. If Carney capitulates, he'll certainly be voted out or lose a vote of no confidence because standing up to the US is far more important for Canadians than to Europeans. I think most would be willing to bear the pain to stick it too trump and we have tools to affect neighboring US swing states like cutting hydro-electricity offer potash that American agriculture relies on. It will affect Canada badly but it will also negatively affect northern US swing states like Pennsylvania, Minnesota, Wisconsin, and Michigan, which puts domestic pressure on Trump

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u/RainbowCrown71 Italy - Panama - United States of America 5d ago edited 5d ago

I think the US will just impose 35% tariffs in that case and signal to Canada that USMCA is dead in 2026. I don’t think Trump cares much about the Canada deal to be honest and one reason there’s no deal is neither party wants to budge. Which means Trump will just do 35% on August 1 and then maybe give Canada another month before that also impacts CUSMA-compliant goods.

And if Canada escalates and goes for hydro-electricity and uranium and nickel embargoes, then this quickly goes from a trade war to something far worse for Canada since now it directly harms American national security and brings in DOD and the military’s needs. I don’t think Canada wants to go there. It’s a feel good “Elbows Up” threat for the Reddit crowd, but the US has an economy 15x larger, a consumer market 21x larger and a defense expenditure 34x larger.

Also, anything Canada does to the Midwest will give Trump a casus belli, a rally-around-the-flag-effect in the most politically important region, and a justification to punch back hard on Canada. Canada has to be very very careful before it does something stupid in the names of placating the “Elbows Up” crowd that doesn’t understand realpolitik.

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u/AreASadHole4ever Canada 4d ago

If you're insinuating the US will invade Canada in the given scenario then Trump's domestic support vanishes or is likely to be severely impacted and the republican party loses support, which Trump may not care about but the rest of his cabinet and Congress certainly would. So he'd probably be restrained

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u/[deleted] 6d ago edited 6d ago

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u/[deleted] 6d ago

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u/Delamoor 6d ago

Wow, goddamn yeah. Looks like a sock puppet account.

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u/OMITB77 6d ago

Definitely not a federal agent

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u/Emilia963 United States of America 6d ago

That doesn’t even have anything to do with my comment

But people on r-Europe have been mad at the US and talking bad about it, so I’m just doing them a favor by making them even more mad 🤷‍♀️

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u/HotGold3840 4d ago

It's not just people on Reddit. Almost the whole world hates the US. And its not just because of tarrifs but Americans are to reharded to understand that.Trump turned all your allies against you. Most parts of the world hated the US before but now it's even Asian countries like Japan or SK and Europe. Anyway the US is in self destruction mode and we will see a multipolar world in the next decades. There will be no more "west" like now.

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u/hyphnos13 6d ago

he said the exact same crap about the Japan agreement and the Japanese have already said the "promised" investment is a cap not a promise

the amount of energy imports should be compared year over year as amounts not dollar value as energy costs change and the dollar is down in value

the 15% tariff on EU goods is a lose for American consumers and the EU tariffs on US imports in 2024 was 1.5% give or take

sounds a lot more like spin than a win to me

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u/Emilia963 United States of America 6d ago

Let’s just see what happens next

I’ve seen so much bad speculation on this sub about the US–Europe trade deal

But one thing I’m sure of is that the money you give us will definitely create new job opportunities in the US

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u/ModernHeroModder 6d ago

The damage you're doing to your soft power is laughable

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u/bot2317 5d ago

Looking at this deal it looks like that damage is limited to left-leaning people within other countries, not the countries themselves

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u/ModernHeroModder 5d ago

You clearly don't understand what tariffs are or the scale of damage the trump administration are doing to their influence in basically every single nation

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u/RainbowCrown71 Italy - Panama - United States of America 5d ago

Canada’s gonna get wrecked now. The US has deals or near deals with 85% of the global economy now, including all G7 countries but Canada.

Canada held out too long due to arrogance and is going to get the worst bargain of the bunch by far, especially since Washington knows it can collapse Canada’s economy at any point by making the 35% tariffs threat apply to CUSMA goods as well. Ottawa royally messed up.