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Posted
On 7/16/2025 at 1:01 PM, speed817 said:

How's frozen concentrated orange juice looking????

eddie murphy GIF

On 7/15/2025 at 1:38 PM, HenryJames said:

 

We just bought a massive sugar and coffee trader, and they are long both, so bully for us? This administration is a complete shitshow.

  • Hook 'Em 1
Posted

EU seems to be not happy about the deal. Sets a bad precedent of being bullied. I don't think China (or India, for that matter) will acquiese as easily. Really goes to show you the actual strength or countries these days.

Posted
6 minutes ago, wildcat09 said:

This "deal" is (1) never being approved by the EU, and (2) will be unilaterally changed by Trump on a whim within a couple of months.

Why do you say it won't be approved? What have you heard about that? This is what I read this AM:

Quote

 

Von der Leyen praised the agreement. “We have a deal,” she said yesterday at a news conference at Trump’s golf resort in Scotland. She also said the agreement would restore a “balance” between two economic giants that do $1.7 trillion in trade annually.

Many European C.E.O.s, including LVMH’s Bernard Arnault, had been pressuring European leaders to quickly reach a pact — even if it was good but not great — to remove uncertainty that has disrupted their supply chains and jolted their shares. Trump has also been under pressure to announce trade deals with scores of countries before his self-imposed Friday deadline.

 

https://www.nytimes.com/2025/07/28/business/dealbook/trump-eu-trade-deal.html

Posted
Quote

Many European C.E.O.s, including LVMH’s Bernard Arnault, had been pressuring European leaders to quickly reach a pact — even if it was good but not great — to remove uncertainty that has disrupted their supply chains and jolted their shares.

Bernard ain't been paying attention.

Posted
1 hour ago, Fudge Nuggets said:

Bernard ain't been paying attention.

But it sounds like most of EU is going to grin-and-bear it while a couple of countries (e.g. Germany) are vocally upset.

Really curious where people are hearing that this deal with EU will never be formally approved, despite the fact that it's getting roasted and is obviously suboptimal for EU and a win for Trump.

Posted (edited)

 

 

On 7/28/2025 at 12:07 PM, wildcat09 said:

This "deal" is (1) never being approved by the EU, and (2) will be unilaterally changed by Trump on a whim within a couple of months.

 

On 7/28/2025 at 12:15 PM, Vegas64 said:

Why do you say it won't be approved? What have you heard about that? This is what I read this AM:

https://www.nytimes.com/2025/07/28/business/dealbook/trump-eu-trade-deal.html

https://www.politico.eu/article/winners-losers-eu-von-der-leyen-us-donald-trump-trade-deal-tariffs/

Not sure how paywall-y this is.  I think politico only requires you to provide a valid email to continue reading their stuff.

It is a very good comprehensive article that goes into detail on the various trade sectors/components coming into play.   It underscores that Trump‘s roostering around about a completed deal is typically false bullshit, with many details to be determined, and goals set that are impossible to meet.

Add that there are numerous  details still to be figured out regarding all of the new exceptions to the 15% tariff.

If the goal was to supply certainty and allow people to get the supply chains back up and operating, that fails.  Like a dog. 

Someone needs to tell me how going from a 1.5% tariff on EU goods generally - to a 15% across-the-board tariffs (with a whole bunch of carve outs and still to be figured outs) will not involve at least some measure of inflation due to the increased cost of EU goods subject to the 15% tariff.  

Europe ain’t gonna eat that.  

Someone is also going to have to explain why everybody around the globe rightfully hating on the United States for spring, that’s Trump‘s whim, tariffs B.S. is not going to result in at least some European businesses deciding to purchase goods and services from anyone but the USA if they can get away with it.  The EU can establish a tariff rate, but the EU can’t force it’s private businesses to want to buy from America.    It’s like Trump saying “tariffs for you, but not for me” is going to make them rush lovingly into our arms and try to increase imports from the US.

Mind bottling.

 

Edited by Gatorubet
Posted
30 minutes ago, Gatorubet said:

 

 

 

https://www.politico.eu/article/winners-losers-eu-von-der-leyen-us-donald-trump-trade-deal-tariffs/

Not sure how paywall-y this is.  I think politico only requires you to provide a valid email to continue reading their stuff.

It is a very good comprehensive article that goes into detail on the various trade sectors/components coming into play.   It underscores that Trump‘s roostering around about a completed deal is typically false bullshit, with many details to be determined, and goals set that are impossible to meet.

Add that there are numerous  details still to be figured out regarding all of the new exceptions to the 15% tariff.

If the goal was to supply certainty and allow people to get the supply chains back up and operating, that fails.  Like a dog. 

Someone needs to tell me how going from a 1.5% tariff on EU goods generally - to a 15% across-the-board tariffs (with a whole bunch of carve outs and still to be figured outs) will not involve at least some measure of inflation due to the increased cost of EU goods subject to the 15% tariff.  

Europe ain’t gonna eat that.  

Someone is also going to have to explain why everybody around the globe rightfully hating on the United States for spring, that’s Trump‘s whim, tariffs B.S. is not going to result in at least some European businesses deciding to purchase goods and services from anyone but the USA if they can get away with it.  The EU can establish a tariff rate, but the EU can’t force it’s private businesses to want to buy from America.    It’s like Trump saying “tariffs for you, but not for me” is going to make them rush lovingly into our arms and try to increase imports from the US.

Mind bottling.

 

Thanks for the link. Just read this one now from BBC: https://www.bbc.com/news/articles/c14g8gk8vdlo

I think it supports a lot of the politico article, but maybe leans in a little more to the point of this being a political L for EU and a political win for Trump (at the moment):

Quote

 

European solidarity - loser

The deal will need to be signed off by all 27 members of the EU, each of which have differing interests and levels of reliance on the export of goods to the US.

While some members have given the agreement a cautious welcome, others have been critical - hinting at divisions within the bloc, which is also trying to respond to other crises such as the ongoing war in Ukraine.

A big Trump win but not total defeat for Brussels

French Prime Minister Francois Bayrou commented: "It is a dark day when an alliance of free peoples, brought together to affirm their common values and to defend their common interests, resigns itself to submission."

He was joined by at least two other French government ministers as well as Viktor Orban, the Hungarian leader, who said that Trump "ate von der Leyen for breakfast".

 

 



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