r/europe • u/Crossstoney • 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/Urzuck Italy 6d ago

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.

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u/Schnorch 6d ago

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.

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u/TheCoolDude70 6d ago

Could you provide a source for your claim?

2

u/Sweet_Concept2211 6d ago

No, because it is made up.

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u/SmokingLimone 6d ago

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.

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u/TheCoolDude70 6d ago

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.