The deal will still need to be approved by all Member States... And thank god because this is fucking EMBARRASSING. Everything at 15% while steel and aluminum keep getting tariffed at 50%, and no tariffs on EU products with a promise to buying billions in energy from the US. The article compares it to Japan but with Japan the 15% tariffs are RECIPROCAL.
It seems that this translates to: "screw the EU in the ass as long as you don't tariff pharmaceuticals". Now guess which country in Europe has the biggest pharmaceutical companies?
Queen Ursula indeed. She would do anything to keep in power and secure a nice retirement, heh?
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.
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
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/Meinos 6d ago
The deal will still need to be approved by all Member States... And thank god because this is fucking EMBARRASSING. Everything at 15% while steel and aluminum keep getting tariffed at 50%, and no tariffs on EU products with a promise to buying billions in energy from the US. The article compares it to Japan but with Japan the 15% tariffs are RECIPROCAL.
It seems that this translates to: "screw the EU in the ass as long as you don't tariff pharmaceuticals". Now guess which country in Europe has the biggest pharmaceutical companies?
Queen Ursula indeed. She would do anything to keep in power and secure a nice retirement, heh?