Economy US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock

[cincymma79]

Another good win

 

[TheMoa]

The more I think about it the dumber this deal looks for BOTH sides. The numbers look like pure bullshit and empty promises, for instance, energy imports. The EU says it's going to buy $250 billion per year in oil & gas, but the US only exports around $50-70 billion total, of which $30-40 billion goes to the EU. You can't fucking buy $250 billion in energy from the US since that's like 4-5 times more than what the US can export in a year, and the production capacity & export infrastructure doesn't exist and can't be built any time in the next decade even if the US wanted to. The energy part of the deal is dead on arrival.

Then we look at the arms deal, it commits the EU to buying shitloads of US military gear which sounds like a great thing for the US military industrial complex, and it is, but it also means the US is now tied into EU defence in a way which it wasn't before. Let me explain. The EU will now be a big chunk of US defence industry income which means you're going to have a whole bunch of lobbyists and think tanks pushing policies which arm the shit out of Europe and promote aggressive actions to justify more arms sales. The EU becomes the new Israel where their politicians & lobbyists end up running a big chunk of the US foreign & defence policies.

As far as I can tell, the EU is going to continue wrecking its own economy & industry, in exchange, they hope to tie the US military into their own sphere of control in the same way that Israel owns the US. They can then start shit with Russia or whoever and when they get in over their heads they can call in the US to save their sorry asses. Trump's looking at the big headline numbers and going "I AM WINNING!!" but he can't think 2 steps ahead and realize he's getting hosed in the long run. The EU ain't buying $250 billion/year in oil & gas and they sure as hell ain't investing $600 billion they don't have into US industry. They'll make the arms purchases and maybe $40-50 billion tops in energy and that's it, in exchange, there's a good chance they'll tie down the US military in Europe and leave it unable to take care of problems in Asia. This shit's gonna fuck up BOTH the US and EU.

Didn't a bunch of NATO countries announced new parallel military projects last month? So they'll pay more for overpriced usa military goods (they're generally overcharged because the petangon is a never ending cash cow for the private industry) while wasting money on different projects instead of focusing resources in cooperative ones. Am I wrong here? That doesnt sound good

 

[cottagecheesefan]

I expect China to make a deal soon, now that this happened. More pressure on them. The recent BRICS summit was a flop.

 

[SandisLL]

Didn't a bunch of NATO countries announced new parallel military projects last month? So they'll pay more for overpriced usa military goods (they're generally overcharged because the petangon is a never ending cash cow for the private industry) while wasting money on different projects instead of focusing resources in cooperative ones. Am I wrong here? That doesnt sound good

Something they will purchase ofc.
This is mainly because some systems are from U.S and stuff for them etc.
Trump ofc might portray it is a big win etc...however such stuff had been excepted anyway and long ago before he took office.
pay more is Trump's populistic phrase.

F 35 projects : anyway had been expected
Missiles for these and other airplanes
Missiles for these Patriots and NASAMS they already does have...
MRLS etc sales deals.
Additionally different avionics etc stuff.

 

[aerius]

Didn't a bunch of NATO countries announced new parallel military projects last month? So they'll pay more for overpriced usa military goods (they're generally overcharged because the petangon is a never ending cash cow for the private industry) while wasting money on different projects instead of focusing resources in cooperative ones. Am I wrong here? That doesnt sound good

Yup, they did do that and yes, it's not good. The EU blew a bunch of money on military projects which will never get finished and it's likely a good size chunk of their domestic defence industry will get squeezed out & bankrupted since they've now committed to buying US military goods. It takes a special kind of stupid like Trump & von de Leyen to come up with an agreement this dumb.

 

[cottagecheesefan]

Seems like bad strategy for Schumer to make a speech like this so quick. Cause if he is wrong, will just be another instance where Trump is right and establishment is wrong




Edit: had meant to include this also. But if you take Schumer approach today, which did not yet work in regard to tariffs and Trump’s economy, you will just have more stuff like this. Someone like Maher bought in to the headlines, also by outlets like WSJ and FOX (both owned by the murdochs), but those people are globalists who don’t care about the average American.

 

[aerius]

Lol, that didn't take long.

 

[HereticBD]

Seems like bad strategy for Schumer to make a speech like this so quick.

"Bad Strategy" seems to be what the Dems are best at these days. You just wait and see for that Epstein shit to blow up in their faces. There was a very good reason they left it alone for so long, but now they're desperate and throwing a hail mary that will be intercepted and run back for a TD. They're so inept. It's like watching the nerds in high school try to play sports. They don't know what they're doing.

 

[ShadowRun]

Good promises and what not , I'm sure things will change and I am all for a even playing field.

 

[lsa]

Didn't a bunch of NATO countries announced new parallel military projects last month? So they'll pay more for overpriced usa military goods (they're generally overcharged because the petangon is a never ending cash cow for the private industry) while wasting money on different projects instead of focusing resources in cooperative ones. Am I wrong here? That doesnt sound good

The thing is EU does not buy weapons..
So I dont understand that part of the deal.
Each country in Eu buy their own weapons and make their own deals.
I am not sure EU can agree on weapons deals for its members.

 

[ShadowRun]

It's a nothing burger I guess.

 

[Gas121]

It's a nothing burger I guess.

Donald's words are just Big and Beautiful. He is the greatest hype man in history!

 

[Prutfis]

European reddit fuming since europe got fucked here pretty bad, ursula is not that smart

Yeah she folded like a cheap lawn chair

 

[Deorum]

I have read nothing of it and honestly don't even care at this point, but simply from the European reaction alone (furious): Yikes. If this is the best that can be done in terms of negative framing, damn.

 

[Madmick]

The more I think about it the dumber this deal looks for BOTH sides. The numbers look like pure bullshit and empty promises, for instance, energy imports. The EU says it's going to buy $250 billion per year in oil & gas, but the US only exports around $50-70 billion total, of which $30-40 billion goes to the EU. You can't fucking buy $250 billion in energy from the US since that's like 4-5 times more than what the US can export in a year, and the production capacity & export infrastructure doesn't exist and can't be built any time in the next decade even if the US wanted to. The energy part of the deal is dead on arrival.

What are you talking about? Where do you pull these figures out of your ass that we can only supply 1/4th to 1/5th of that? We exported $318bn in 2024. We supply to many other nations, but I'm sure we can ramp that up if we have buyers.

So I suspect we are more than capable of supplying a superabundance of energy to the EU. We are able to produce more than any other country in the world right now. The reason we haven't is because up until 2023 you'd been getting it cheaper from Russia (and were ready to increase your total natural gas imports by 50% from them with the Nord-2) while clucking your tongues at the rest of the world about how they all prop up despots like Putin, LOL.

Now, let's catch you up:

United States produces more crude oil than any country, ever​

 

[SandisLL]

The thing is EU does not buy weapons..
So I dont understand that part of the deal.
Each country in Eu buy their own weapons and make their own deals.
I am not sure EU can agree on weapons deals for its members.

No, they doesn't have any legal rights too here to negotiate with Russia No2 in pro dems or pro rep U.S russian friends and bottlemates.
.
Stuff is that now Trump administration is doing all the best in their abilities all efforts to mark Clinton, Obama and Bush and Trump I office and ofc Biden and Trump II as....yup.
Last POTUS with 0 fear from Russia and China was Obama. Likes or doesn't likes.
Yelling about weak and dumb Obama? Obama had balls to ignore idiots weak money and comfort crying pussies and had installed fleet assets in Black Sea for exercises unlike kremlinoids in Trump and Biden.

 

[aerius]

What are you talking about? Where do you pull these figures out of your ass that we can only supply 1/4th to 1/5th of that? We exported $318bn in 2024. We supply to many other nations, but I'm sure we can ramp that up if we have buyers.

So I suspect we are more than capable of supplying a superabundance of energy to the EU. We are able to produce more than any other country in the world right now. The reason we haven't is because up until 2023 you'd been getting it cheaper from Russia (and were ready to increase your total natural gas imports by 50% from them with the Nord-2) while clucking your tongues at the rest of the world about how they all prop up despots like Putin, LOL.

Sorry, I was looking at the net exports on my charts instead of the gross exports. However, my point remains, the US is still far short of $250 billion in total oil & gas exports. You have a bit over 4 million barrels/day in gross oil exports which works out to around $120 billion at $80/barrel which was the average price last year. For natural gas it's 7.7 trillion cubic feet at a price of a bit over $5 per 1000 cubic foot which works out to about $40 billion. That's a total of $160 billion in oil & gas exports, far less than the $318 billion you claim, the US would still need to ramp up production significantly and roughly double its total exports to supply the EU with $250 billion/year in energy without cutting off the rest of its customers.

The US is not Saudi Arabia, it can't just open up the taps and put an extra few million barrels/day on the market overnight. Increasing US oil production requires a shitload of drilling & fracking which is both time consuming & expensive as hell. It can be done but you're looking at a 5-10 year time frame, it's not going to happen anytime during Trump's term.

 

[SandisLL]

I think you’re just mashing your middle button sometimes

To get a good result with a bit more volume you need a little more time and less time for your mash time and it should work well with the beer and not too bad at the same amount you need a lot more volume to keep it consistent and you should have some of the volume to get a little bit better than you would normally expect to be in the beer and you can use it for the next batch if you’re using a bit of a hop

You are cocky yank. Nothing surprising.

 

[SandisLL]

To my understanding we literally got nothing lol

As usual all talk about being tough and bla bla was bullshit

For Finland? Missiles supplies for F 18 anyway are from U.S.
NASAMS batteries uses mainly U.S missiles.
Maybe if some are 3 rd version might use IRIS T stuff too.

Talks doesn't makes sense.
From russia too, russia is chinesse vassal.
Best and cheapest defense is not to spend money but call guys like XI and Modi etc to negotiate about new world order ( N.B where hegemony will not be nor russia nor U.S. ).
Ryssia is XI vassal .....

 

[SandisLL]

Sorry, I was looking at the net exports on my charts instead of the gross exports. However, my point remains, the US is still far short of $250 billion in total oil & gas exports. You have a bit over 4 million barrels/day in gross oil exports which works out to around $120 billion at $80/barrel which was the average price last year. For natural gas it's 7.7 trillion cubic feet at a price of a bit over $5 per 1000 cubic foot which works out to about $40 billion. That's a total of $160 billion in oil & gas exports, far less than the $318 billion you claim, the US would still need to ramp up production significantly and roughly double its total exports to supply the EU with $250 billion/year in energy without cutting off the rest of its customers.

The US is not Saudi Arabia, it can't just open up the taps and put an extra few million barrels/day on the market overnight. Increasing US oil production requires a shitload of drilling & fracking which is both time consuming & expensive as hell. It can be done but you're looking at a 5-10 year time frame, it's not going to happen anytime during Trump's term.

EU companies does have also sales deals with Quatar, Saudites, Emirates and Oman too...even before Trump took office again.