২৭ জুলাই, ২০২৫
"It took just 75 minutes for President Trump to get what he wanted out of the European Union."
"That’s how long he and European Commission President Ursula von der Leyen were away from the cameras. When they returned, Trump was triumphant. Europe agreed to buy $750 billion in American energy products, invest $600 billion in new money in the US and purchase additional US military equipment, according to the terms of the preliminary agreement. Tariffs on many American exports will drop to zero. Duties on most European goods coming into the US rise to 15%. 'I think it’s the biggest deal ever made,' Trump proclaimed."
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৭৬টি মন্তব্য:
If Ursula von der Leyen has the power as EC President to buy and invest $1.35+ billion, just on her own say so, then she is the biggest dictator in European history.
'I think it’s the biggest deal ever made,' Trump proclaimed.
The New York Post reports.
Or, as the NYT would report...
'I think it’s the biggest deal ever made,' Trump, without evidence, proclaimed. Women and minorities hardest hit.
What a stud. What a friend of the American worker in general and the labor union man in particular.
Dick Gephardt is still alive. Why haven't we heard from him about Trumps' demolition of NAFTA and masterful tariff negotiations?
Trump's right, but he won't get any credit from the Fake News. But watch the market on Monday.
And the pressure is now on China - and all other countries - to make deals.
People laughed when Trump called himself, "a stable genius." But he was right. This is remarkable. Historic. And Trump's success points out how terrible other Presidents have been on the economy. Recall how Obama said, "Those jobs aren't coming back." But now they are.
These trade deals are going to completely transform the economy. Expect 3%-4% GDP growth in the coming years. More jobs. Good paying jobs. Union jobs. The jobs the Dems claim they want.
To sweeten the deal Trump offered Ursula a peek at Epstein's list.
Any word on what the tariffs are going to be on wax lips?
Big Beautiful Deal...
What about the Louisiana Purchase?
And it's reported that he even cut his round of golf short to meet with her! Is there no personal sacrifice he is unwilling to make to make America great again??? What a guy!!!
I'm not tired of winning yet. How about you!
It will be interesting to hear how the left makes this out to be bad for the country. Because you can be sure they'll never admit anything good came from Donald Trump's efforts on behalf of the American people.
Big deal …… Biden could have done the deal in 75 years.
"What about the Louisiana Purchase?"
Today the $15 million spent would be about $425 million. Trump: I coulda got a better deal from Napoleon!
"What about the Louisiana Purchase?"
Not even close. $15 million. Equivalent to about $371 million in 2023 dollars (according to Wikipedia).
Wikipedia will also tell you that France didn't own it, the Indians did. So I guess we are to infer that Jefferson got taken. Maybe Napoleon made the biggest deal ever.
“Mason G said...
Or, as the NYT would report...
'I think it’s the biggest deal ever made,' Trump, without evidence, proclaimed. Women and minorities hardest hit.”
That, or they won’t report it at all. They hate reporting anything that might be favorable for Trump. Or, they might hype up how that big energy sale will accelerate climate change. Gotta accentuate the negative, even if they have to make it up.
if it's in the Times its often almost entirely wrong, or partially,
Hold your powder, we have to see the text….
The details of the actual deal will be important -- the headlines are provided to make Trump happy today -- and the EU have understood that.
Bloomberg also reports Trump said that the EU will "invest $600bn in the US on top of existing investments".
This actually happens all the time. Some things can be bought directly by the states while others are pressumed buys after discussions with people from the private sectors.
Most likely this is was the expected increase in the next few years delivered as a political promise. It has no real value other than 'we promise'
In other news: Scarlett Johanson thinks I look hot, Magnus Carlsen capitulated to my black rook and, I dunno, I won the British grand prix. I mean, seeing as it’s a day of the fantastical.
The man in the room checks in.
This reads like good news for the USA. I wonder if a President Harris could have achieved something like this.
"The details of the actual deal will be important..."
And you'll post nonsense about that, too. Everybody knows this.
"This reads like good news for the USA."
Careful, there. The left is busy right now looking for a nugget of shit to fixate on.
"I wonder if a President Harris could have achieved something like this."
Seriously?
@Rich
Do you ever shut up?
Reporter asked, "How did you come to a deal so fast?" The answer is quite simple. It is not a trade deal; it is the same as yesterday, except Americans are paying more for the same goods for no reason.
Trump has increased tariffs on a wide range of goods, raising costs for US consumers. In contrast, the EU has announced tax cuts on a select group of goods, benefiting European consumers.
The tariff structure seems counterintuitive. If you manufacture a product using steel in the EU and export it to the US, you face a 15% tariff. However, if you move manufacturing to the US, you pay a 50% tariff on the steel itself. This could significantly benefit German carmakers producing in the EU.
The tariffs are set low enough to discourage on shoring, as the increased capital expenditure for new US manufacturing outweighs the benefits, yet high enough to erode billions in profits and raise car prices by thousands of dollars. So much for winning!
is anyone sick of winning yet?
i'm filling up.. but have plenty of room for More Winning
Ann Althouse said...
What about the Louisiana Purchase?
don't forget Seward's folly
"is anyone sick of winning yet?"
You know what makes it even better? Rich's whining.
I wonder if Kaka would take a bet as to whether the next Democrat president will repeal Trump’s tariff deals.
Poor Kak.
Trump wins, brainless leftists hardest hit.
Apparently no one in the US makes steel. At least in Kak's delusional fantasy world. Also apparently the steel in a car is 30% of the cost (note, Grok estimates it's under 5% of the total cost, just for comparison purposes).
Poor Kak.
When Seal Team 6 killed OBL, I cheered, and gave Obama credit for doing it. But TDS doesn't allow one to be sane.
Or maybe it's just being on the Left that doesn't allow one to be sane
I still want Greenland.
As usual, the leftists on this blog are upset Trump is doing a good job.
I'm still waiting for kakaka or any other leftist to tell me anything Biden or Harris did for America. You can't, so you act like spoiled children and bitch.
reality is a bitch for you fools sucking on that big Dem teat. Nothing comes out anymore, nothing ever did.
Didn’t take Kak long to get his talking points, did it.
kakscheisser!
"You know what makes it even better? Rich's whining."
With the loss of all that USAID money, the "pay to post" model must be on life support, at least. Do you think it's possible Rich could be stupid enough to be making these ridiculous comments on his own time?
Definitely NOT tired of winning!
If Trump had further reduced the EU's already low trade barriers and similarly lowered US tariffs on EU imports, it would have benefited consumers, businesses, and overall economic activity. However, his preference for tariffs led him to raise tariffs on EU imports to 15%.
Kakistocracy said...
Reporter asked, "How did you come to a deal so fast?" The answer is quite simple. It is not a trade deal; it is the same as yesterday, except Americans are paying more for the same goods for no reason.
Trump has increased tariffs on a wide range of goods, raising costs for US consumers. In contrast, the EU has announced tax cuts on a select group of goods, benefiting European consumers.
The tariff structure seems counterintuitive. If you manufacture a product using steel in the EU and export it to the US, you face a 15% tariff. However, if you move manufacturing to the US, you pay a 50% tariff on the steel itself. This could significantly benefit German carmakers producing in the EU.
The tariffs are set low enough to discourage on shoring, as the increased capital expenditure for new US manufacturing outweighs the benefits, yet high enough to erode billions in profits and raise car prices by thousands of dollars. So much for winning!
Rich is so mad that US people are going to pay less taxes and his Oligarch masters will pay more.
I just kills him to see working class people keep more money.
Those multinational corps are going to have to pay more of the tax burden.
Get fucked Rich.
kakscheisser has been living down in the Whine Cellar for so long, it looks like up to him.
"Do you think it's possible Rich could be stupid enough to be making these ridiculous comments on his own time?"
Cash those checks NOW, Rich!
"Do this and I keep the Epstein stuff from the light of day."
“Hold your powder, we have to see the text…”
Stop yer grinnin’ and drop yer linen, kakscheisser. You’ve been bumfuzzled for far too long now. Time for you to take our attempts to educate you seriously.
I think Seward's Folly was a better deal in terms of what we gave for what we got. However, if you include the offshore area of Louisiana, then I think people should consider how much we got for those millions.
“What about the Louisiana Purchase?“
The retrospective npv in 2025 $ of the Louisiana purchase is est at $17 billion with a purchase price of $650 million.
Alaska, $42 billion in value with purchase price of $150 million.
So by today’s standards the income was rather small, a paradox. But we are counting cost of government and capital investment. And cost of land sales. And defense.
I'm coining a new word: Schadenkakenfroh, meaning an action by Donald Trump that causes almost-pitiable disaster for certain commentators.
Kakistocracy said...
Now you are just lying.
Your oligarch bosses are paying more taxes Rich.
Cry more.
Let me fix it for you Kak: “ it is the same as yesterday, except Americans are paying more for the same goods [and therefore buying a lot less of those goods, thus lowering the European sellers’ profits while simultaneously making the US version of those goods more competitive increasing US revenues and profits, which is the] reason.
Let us not forget the best Democrat deal ever ….. President Carter giving away the Panama Canal to the Chi-Coms ….. er ….. Panama.
"The tariffs are set low enough to discourage on shoring, as the increased capital expenditure for new US manufacturing outweighs the benefits, yet high enough to erode billions in profits and raise car prices by thousands of dollars. So much for winning!"
I long for the good old days when car prices came down every year.
BTW, what happens with the brand new, last years model Honda sitting on the dealers new car lots?
And he even got Ursula von Der leyen to say, specifically that he is a "fair" negotiator. As in he does not take unfair advantage.
Not sure whether this was before or after he completely pantsef Europe.
John Henry
Can you imagine a Bich comment written about the Lousiana Purchase......
"The French played Mr. Declaration like a fine brass horn. $15 million dollars down the drain for the deed to nothing at all- a bunch land containing nothing but stone age savages who will fight over it for the next 1000 years if Jefferson the dolt even convinces anyone to move out there to get scalped. Seriously, who is going to move out- you got a gigantic river blocking the way and we won't have the technology to put a bridge over until sometime in the next millenium. What are we going to do next, buy Alaska?"
116 days and 75 minutes.
The stock market will like the deal. But Trump has single-handedly screwed up the consumer sentiment for American products worldwide. We’ll have to wait and see what quantities of U.S goods that foreign consumers are still willing to buy.
You know, it's almost as if our resident leftists hate America so much, they're willing to piss all over good news simply because the wrong guy is doing the right things.
Joe Biden had 1,461 days, Left Bank. Where's his EU deal?
I got a nice order this week from a client who is one of the top 5medical device manufacturer in the world.
One of the things I found out is that the entire Swiss mfg capacity is on shoring to the us.
This division makes high end, $1-2mm, medical robots. All hand assembled by skilled craftsmen an women. Very high end labor.
Currently have 20 mfg cells in US. adding 100 or so in the next year.
John Henry
Last Monday British-Swedish Astra-Zeneca pharma announced investing $50bn in New US mfg.
The really good news is that a lot of that investment is going to be for making thactivd pharmaceutical ingrediu.
Far too much of our Apis are produced in India and China. Like most of most of them.
In September October another client will start running 2 new packaging lines, bringing them up to 8. 300 bottles /minute, probably 140 or so hours a week each.
In addition to 5 existing 200bpm lines.
Exciting times for us manufacturing
John Henry
Left Bank of the Charles said...
116 days and 75 minutes.
The stock market will like the deal. But Trump has single-handedly screwed up the consumer sentiment for American products worldwide. We’ll have to wait and see what quantities of U.S goods that foreign consumers are still willing to buy.
This is so stupid.
Other countries have been charging us tariffs the entire time.
You people just hate the country so much it is time for you to go to a different one.
“This is a big fucking deal.”
- Joe Biden
I give great credit to Trump. Would not have happened without him.
BUT, he didn't do this deal in 75 minutes. This deal was done before he met with the EU Lady. Lots of Worker Bees on both sides of the Atlantic burned a lot of midnight oil making this possible.
Is TACO still a thing, or have they moved on to some other twig to grasp at?
Craig Mc said...Is TACO still a thing, or have they moved on to some other twig to grasp at?
TACO lasted about a day. It was another case of the left spiking the ball on the 5-yard line. I like “Mango Mussolini.” It’s got a nice ring to it.
You never go into a leader summit to negotiate. You go into one to sign what your peo
Left Bank of the Charles said...
The stock market will like the deal. But Trump has single-handedly screwed up the consumer sentiment for American products worldwide.
Are you always this stupid, Leftie?
1: Your circle jerk on Social Media is not in fact the real world.
2: Most exports are food (generally not labeled by country of origin) or non-consumer goods.
3: People are going to be buying on price, which will now be lower
4: Corporate buyers are also going to be buying based on price and quality, not "American cooties"
5: And the biggest target is US consumers, who will be buying fewer foreign goods, and more American goods
The Good News — tariff uncertainty is coming down.
The Bad News — prices are going up.
Just so’s we’re all clear, almost 3/4 of everything we buy from the EU is now 15% more expensive.
Kakistocracy says "prices are going up". Well...by how much? Please provide me the "formula". Because from what I saw with the first Trump tariffs prices did NOT go up. So how much this time? The way I see it is:
- Producer can pass the 15% directly to the consumer.
Consumer then has a choice, do I buy from this producer at this price or do I decide not to. Or purchase it from someone else. Producer loses marketshare.
- Producer can eat the entire 15%, therefore not losing marketshare and consumer doesn't know the difference.
- Somewhere in between, producer raises price, loses some marketshare and has to compete with american made product that already has a 15% cost advantage, no shipping, etc.
Of course this does not even take into account the benefit of buying american for american workers.
So again, please provide me with the formula for "prices are going up" so we can discuss whether that amount is worth it. Or you can just keep saying it, like a robot without nuance, like so many in the democrat media and the egop do.
Just read the reactions to the trade deal in European newspapers if you want an idea of how successful it was for the USA. Yes, it is a tax on consumption (shared by foreign producers as well), and that is a good thing. More tax revenues are needed as well as spending cuts. A national VAT was never going to happen, and income taxes are both politically suicidal and harmful. The less thoughtful part of Trump's base thinks that Johnny Foreigner is paying the whole bill, and that is good. It makes this tax palatable. There is never a perfect solution to a political problem, but this seems to be a pretty decent compromise.
Kakistocracy said...
Just so’s we’re all clear, almost 3/4 of everything we buy from the EU is now 15% more expensive.
Just so’s we’re all clear, Kak is an idiot and an ignoramus.
1: If demand for EU goods was 100% inelastic, then their prices would be going up 15%. But that is not the case
2: EU sellers will be eating a good % of that tariff cost, because otherwise they will lose sales to American competitors
3: Even a basic "Econ 1" understanding wouldn't make a claim as stupid as Kak's, because they'd look at those pretty supply / demand curves, and note that a higher price leads to lower demand, which then cuts the price (since the lower supply is cheaper).
I'm so glad that I'm not so mentally unbalanced as to be a member of the Left
The only things I've ever bought from Europe is wine and cheese, and not much of either.
"So again, please provide me with the formula for "prices are going up" so we can discuss whether that amount is worth it."
"Prices are going up" is not the issue- the issue is who is currently in office. You can tell this is so because the people whining about rising prices today didn't say a word when prices rose while Brandon was president.
“Just so’s we’re all clear, almost 3/4 of everything we buy from the EU is now 15% more expensive.”
Pure bullshit, “everything?” Have you heard of Veblen goods?
If French fashions are being sold at a 1000% markup, they can now be sold t a 995% markup and that is just fine. They are already charging the highest price they can.
Products are not priced based on costs or tariffs, they are priced based on what the market will bear. If they can’t compete anymore and have a negative profit with a tariff then a US or other substitute will replace it.
Why does Canada put a 300% tariff on dairy products in some cases, to raise prices? No, to make it impossible to compete with Canadian dairymen.
Rich is the reason there are warning labels on buckets.
"The tariff structure seems counterintuitive. If you manufacture a product using steel in the EU and export it to the US, you face a 15% tariff. However, if you move manufacturing to the US, you pay a 50% tariff on the steel itself. This could significantly benefit German carmakers producing in the EU."
I just want to clarify this, as it currently doesn't work this way. It did for about 3 months.
Now, if you import a product that has steel or aluminum, you will pay the normal tariff for the good.
But you also have to pay 50% of the value of the raw steel or aluminum used, unless it is made in USA material.
So, the example of a car, is not 15% on the car and 0% on the European steel used, but now would be 15% on the car, and 50% of the value of steel in the car, unless its USA steel.
A European car factory investing in America would avoid the 15% duty, and if they buy USA steel avoid 50% on that material as well.
Also, 50% of the value of the steel often isn't that much. steel is pretty cheap.
Also, if machine tools were excepted, that is good news.
What motivates a person who gets every prediction wrong to continue to predict the same kind of things over and over. Is it some kind of compulsive disorder? That's the most generous reason I can come up with.
Cable TV is full of these people. They are paid well, so I guess there is a whole market for it, even if it is shrinking. I wish people would remind them of how bad they are at it, and ask them why people should listen anymore, and why they should be paid for being wrong so much, but nobody ever confronts them.
> What motivates a person who gets
> every prediction wrong to continue
> to predict the same kind of things over
> and over?
12¢ per word. Duh.
Oops, sorry. That's the Presidental Election Final Stretch rate, which we probably won't see again until Q1 2028. Until then we're back to 4¼¢/word.
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