Comment by disgruntledphd2
Comment by disgruntledphd2 an hour ago
> The EC is not that slow when it comes to the American trade wars. The timeline suddenly shrinks to months instead of years because this stuff could majorly disrupt the economy (and safety) across the European continent.
I dunno, like the last "deal" basically makes a load of promises that the EU has no legislative ability to enforce. So it's basically just performative.
And honestly, given that the US is gonna sell out Ukraine, then this (and most other) trade deals should be ripped up. This would hurt my country (and me) a lot, but it's probably still the right thing to do, as TACO is definitely a possibility if the US markets crash.
Yup, in general those "trade deals" are long on vague aspirational stuff, much of it totally outside the EC's power to grant, and short on promises. Notably the EU "trade deal" includes _private investment_ in the US; obviously the EU cannot direct or really influence private investment in the US, and indeed the figure quoted is about the amount of Europe-sourced private investment one would expect in US in the normal course of things.
Honestly I suspect Trump _knows_ this, too; the point of the trade deals is not to be substantive but to give Trump something with impressive numbers to boast about, and both sides are fully aware of this.