alt Hacker NewsI wonder what this means for the EU. We made a new deal under pressure of the tariffs that is actually worse than the deal we had. If we had not bent the knee, we would have had that original deal back, or at least, so it seems? Now we seem to be properly shafted due to weak politicians.
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saubeidl • today at 4:05 PM
We never actually ratified that deal.
Parliament froze it when Trump started threatening Greenland.
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The deal more or less had 3 'bad' things in it:
1. The EU would face higher tariffs on their exports to the USA. Now mostly struck down
2. The EU would not retaliate with tariffs of its own. Not really a big deal since the only US export to the EU that's worth worrying about are digital services, and those aren't subject to tariffs anyways.
3. The EU promised to buy lots of LNG and make investments in the USA to the tune of hundreds of billions of dollars. This was a bald-faced lie on the part of the EU negotiators. Even if the EU wanted to actually do this, they have no power or mechanism to make member states and companies within those member states buy more LNG or make more investments in the USA. This was just an empty promise.
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So if the tariffs are struck down, we're more or less back to where we started.