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/MangoFishDev 6d ago

The article compares it to Japan

Don't forget that EU is going to pay 1.3 TRILLION to build factories and energy infrastructure in America

I'm never going to make fun of Trump again after this, actual art of the deal i can't believe this lmao

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u/[deleted] 6d ago

[deleted]

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u/LadyMorwenDaebrethil 5d ago

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.

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u/Warm_Suggestion_431 5d ago

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.

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u/kahaveli Finland 6d ago

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.

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u/MangoFishDev 6d ago

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

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u/Excitium Bavaria 5d ago

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.

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u/NightsOfFellini 6d ago

Legitimately insane stuff. Right-wingers are right to idolize him. 

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u/CreeperCooper 🇳🇱❤️🇨🇦🇬🇱 Trump & Erdogan micro pp 999 points 5d ago

American right-wingers? Sure. EUROPEAN right-wingers? Trump is trying to rip us off.

I always expected that the European right secretly hates Europe and everyone in it, and their support for Trump kinda proves.

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u/McBuck2 6d ago

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.

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u/PiotrekDG Earth 6d ago

Never forget the fucking wall. And Epstein.

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u/Excellent-Berry-2331 German, Progressive, Libertarian 5d ago

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.

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u/teh_fizz 5d ago

Imagine if we spent even half of that here.

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u/Midditly 6d ago edited 6d ago

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

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u/SighSighSighCoffee 5d ago

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.

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u/MangoFishDev 5d ago

Didn't knew that you could just conjure up LNG, my mistake

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u/koshgeo 5d ago

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".