Did the U.S. or the EU emerge as the winner in Trump trade deal? | Crypto Craft

  • Did the U.S. or the EU emerge as the winner in Trump trade deal?

    From cbsnews.com

    The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc's economic growth, according to some experts. "It is an asymmetric and unbalanced deal," economists with investment bank Société Générale said in a report. The EU decided neither to retaliate nor to increase its tariffs, and is even expected to reduce them. The EU agreed to a bad deal rather than risk trade war escalation." The average tariff on U.S. imports from the EU will surge from 1.2% in 2024 to 17.5%, according to investor ... (full story)

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ww3361
Jul 28, 2025 9:37pm
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Ships in the night.

Meanwhile the wonderfully complex natural world we live in (currently at capacity with inefficient human activity), now has the overhead of a narcissistic simpleton.
Reply
ww3361
Jul 29, 2025 4:50am
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Quoting StewGnom
Only a number win, the more interesting number will occur in a few Quarters ahead and next year. It is not only the tariff rate or price, that counts, it is also volumes of the goods. Normally increased prices in a market does not increase volumes. And then alternative available similar goods from other countries (competitors). And if Donalds billionaire friends like to buy new Merchedeses, BMWs, Audis, Ferraris, and Lambourginis they will need to pay 15% extra for these nice cars. As Donald has pointed out himself, there are no American cars in...
ie: Who knows.

Good luck inserting any uncertainty into a global marketplace that looks like fine china.
Reply
StewGnom
Jul 29, 2025 4:33am
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Only a number win, the more interesting number will occur in a few Quarters ahead and next year. It is not only the tariff rate or price, that counts, it is also volumes of the goods. Normally increased prices in a market does not increase volumes. And then alternative available similar goods from other countries (competitors). And if Donalds billionaire friends like to buy new Merchedeses, BMWs, Audis, Ferraris, and Lambourginis they will need to pay 15% extra for these nice cars. As Donald has pointed out himself, there are no American cars in the streets of Munich....wonder why? It is not because of the price alone, but the importance of quality as well. Yank cars dont compete with mentioned cars, and suprisingly not on Japs, and even the best Chinese cars ("China junk" was history 15-20 years ago). So putting some of these uncertainties of market mechanisms and human behaviour into the equation, we will come closer to the answer on who is the more beneficiary. Not by looking isolated on the 15 vs. 0 (zero) numbers today.
Reply
Polimini
Jul 29, 2025 3:30am
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Nobody won, it will have a negative impact on both economies.
But in negotiation terms it was a Trump win, and if this deal holds for years (I doubt it will) it is positive for the US.
Reply
Schultz
Jul 28, 2025 11:52pm
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Oxymoron using the words "winner" and "Trump deal" in the same sentence.
Reply
Trader#A74F
Jul 29, 2025 12:32am
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It actually has a whole army of simpletons. Swathes of uneducated , ignorant, gullible individuals who believe anything that the President tells them .

There’ll be one along in a minute commenting on your post .
Reply
Trader#683C
Jul 29, 2025 1:22am
Permalink
Us came out on top, but it’s the consumer that will end up paying the price
Reply

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