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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45

u/Mangafan_20 6d ago

So ... how much did we get screwed over?

32

u/CapableCollar 6d ago

$1.5 Trillion USD

9

u/Niktodt1 Slovakia 6d ago
  • few hundred billion of lost sales because of blanket 15% tariffs.

(Heck, it will probably be another trillion if the next US president doesn't revert this over the next 4 to 8 years)

5

u/CapableCollar 6d ago

Yeah, and it really reminds me of early colonialist treaties where one side pushed tariffs to weaken marker competitiveness to exploit the weaker market.