Three months back there was a trade deal agreed and it’s already been revoked because that deal capped tariffs for EU.
Not sure why nations even bother negotiating. Any deal is valid until next threat
Three months back there was a trade deal agreed and it’s already been revoked because that deal capped tariffs for EU.
Not sure why nations even bother negotiating. Any deal is valid until next threat
Lack of strength, or, alternatively, balls.
Naïveté shouldn’t come into it, as AI is pretty clear on it:
Based on analysis from political scientists, psychologists, and trade experts, Donald Trump’s propensity to abandon or renegotiate agreements—such as tariffs with the EU, Canada, or Mexico—months or years after they were made is driven by a combination of specific personality traits, including extreme transactionalism, high impulsivity, deep-seated distrust of partners, and a narcissistic need to dominate negotiations.
Also a lack of preparation. Many/most/all have been caught off guard. Negociating is a way to buy time, develop other trade deals and give their industries time to find other markets.
For example, promises to invest in the US don’t have to be kept. At worst, the deal falls out when Trump realises the investments aren’t coming and he imposes bigger tariffs instead of the already too high to trade ones he was proposing in the first place. In that context, any period of time with lower tariffs is a win.
one thing i don’t understand. how can tariffs be put on specific EU countries and not others? isn’t it a trade block and therefore tariffs are applied to the whole EU or not at all?
That’s too much subtlety, I think nobody (not even trump admin) knows what those tariffs would look like (existing carve out applied? on top of current tariffs? )
It cannot. But Trump doesn‘t understand that. He is literally that dumb.
Also EU just halted ratifying the previous trade deal. Tomorrow will be a blood bath.
E: Almost 10 year article on that, and he still doesnt understand it to this day ![]()
I refused to open a link, but the title says that “Silicon Valley” (as it is a single company..) is thinking of fleeing the US. I wonder if they see a countertariff coming or was it the energy thing or what.
Btw. Did I see a fake video or some important politician told Trump to f..off?
Sounds like clickbait to me. “Silicon Valley” (mainly Peter Thiel and Musk; JD Vance has ties with US tech too) are the ones who funded Trump and are trying to use him to build the brotechnocracy. More serious buisness leaders may have second thoughts about that and/or may realise that political and economic stability are beneficial to doing business, though.
Not a fake as far as I know. ICE (immigration enforcement agency) shot dead a woman (US citizen) in her car in Minneapolis. Video evidence shows it’s clear it wasn’t proportionate though the Trump administration claims otherwise (and did so right after the event, before having access to verified facts). The mayor of Minneapolis, Jacob Frey, told on air to ICE to “get the fuck out of Minneapolis”.
Should be easy to verify since the source displayed is the European Parliament. He seems to be giving interviews in the US about his wording and statement so it seems legit. I don’t think that statement in itself, or its form, impacts the investing world (though the aggregate of statements that have been made these last days may do so).
In Mountainhead the fakes could still start a war.
That was last year. But thanks to artificial stupidity we are over that. Now every piece of information is first regarded as fake and not as a potential for damage because nobody believes it.
Not sure, but I think I did read somewhere that the U.S. has a contract that allows them to place military at the island.
BTW: U.S. markets are closed tomorrow due to Martin Luther King Jr. day. I suppose Oil will rise… ![]()
may cancel MLK and market could open. How dare you forecast what’s happening tomorrow ![]()
Seriously folks, get a grip. Ok, there’ll be a bloodbath, maybe. So…?
Nothing major. Just that we are back to square one. Trade war - trade deal - trade war ![]()
Somehow it feels this time, there will be less appeasement and more confrontation from EU. Because this time it’s really about imperialism
Also, he is threatening new tariffs while the ink on the recent tariff ‘deal’ is still moist.
Really? I saw the headlines and automatically wrote it off. Unfortunately, Trump has become the boy who cried wolf. It will be interest to see if the market also believes Trump will TACO again…
EU capitals are considering hitting the US with €93bn worth of tariffs or restricting American companies from the bloc’s market in response to Donald Trump’s threats to Nato allies opposed to his campaign to takeover Greenland. The move marks the most serious crisis in transatlantic relations for decades. The retaliation measures are being drawn up to give European leaders leverage in pivotal meetings with the US president at the World Economic Forum in Davos this week, officials involved in the preparations said. They are bidding to find a compromise that would avoid a deep rupture in the western military alliance, which would pose an existential threat to Europe’s security.
https://www.ft.com/content/b2872a49-3d43-4a55-a483-de7b19e8e436
Fwiw it’s all Norway’s fault, for not awarding him the peace prize.
PIMCO diversifies away from US assets.
Pimco is diversifying its portfolios to reduce its exposure to US assets because of President Donald Trump’s “unpredictable” policies, according to the $2.2tn fund manager’s chief investment officer. More on Pimco’s diversification: Dan Ivascyn told the FT the president’s rapidly changing policies were leading to a “multi-year period of some diversification away from US assets”.
Non-sarcastically: took them a while to figure out he’s erratic and unpredictable?
Sure, large funds have other obligations than maximum possible returns, but this makes me wonder if they’ll be too late to pivot back in in the inevitable reversion. Some years of US chop or underperformance may set up those who stay for big overperformance later.