Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 07/28/2025 4:15:59 PM PDT by Mr. Mojo
These are very early days, and there are good reasons to be skeptical of any public statements made by elected officials, diplomats, and other trained liars. But Trump announced his trade deal with the Europeans, the largest features of which are agreements to purchase American energy and arms. Those are major investments. A lesser component was the opening of European markets to more American goods at lower tariffs than what European goods will face coming here. Jim Geraghty uses cars to helpfully illustrate one problem for American manufacturers for breaking into the European market. Europe’s regulatory environment and lifestyle just preclude products made to fit America’s less-regulated environment and living-large lifestyle.
One thing I’ve noticed, though, is a lot of European statements saying that Trump got the better of them:
There is no hiding the fact the EU was rolled over by the Trump juggernaut, said one ambassador. "Trump worked out exactly where our pain threshold is." - The Financial Times
The ‘capitulation’ narrative on the U.S./EU deal is correct. EU exporters now have 15% tariffs where the previous average was ~5%, save for some protected sectors, plus massive commitments to buy American… while American exports are apparently treated/tariffed exactly as before. - Gavan Reilly, former Irish ambassador to the United States.
(Excerpt) Read more at nationalreview.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Who’s yer daddy.
For fifty years we gave that away.
If our planes are taxed at 15% by them their planes should be taxed at 15% by us.
Other nations took advantage of us because they didn't open up their markets while we did so with ours. No one called them out on it. Until Trump.
We should stand by for them to reverse their decision.
Now they know how Kathy Griffin feels.
The other good thing not recognized in this, is that now other nations can compete for the goods and services we produce, in a competitive way while we have made those ventures in those places more feasible. We lifted all boats pretty much. Tariffs too high spurs competition. Free trade.....why bother making it at all? Someone will always undercut you, dumping their goods and services into your country. Sure, it’s cheap at the moment, but when you have no shoes, don’t make any shoes. and your shoemaker won’t sell you shoes, you’re kinda screwed. (Metaphorical product)
Art of the Deal baby! Actually, I bet The Donald leveraged hard on the fact that the dollar is weak right now and sold them on fixed costs so that when the dollar strengthens its a win-win for everyone.
The result of this?
Americans will pay a 15% tax on certain EU products instead of 5% previously.
Is that a win for the American consumer? Evidently not.
Is it a win for the US Government (the Tax Collector)? Yes. But only if Americans continue to buy EU products at the same quantity they did before.
It will be interesting to see how the Mainstream Media tries to spin this into a negative.
I noticed the lack of numbers in this part. Could it be that our tariff on Europe went from 5 to 15% while their tariff on us stayed at 15%?
Sorry, buddy, the Marshall Plan is finally over.
We paid a price for it. Look at industrial towns throughout the U.S.
Detroit made crappy vehicles so it was partially their fault.
Obviously we should have negotiated better trade deals with other countries. So our middle class would be doing better.
Bush/Obama should have renegotiated trade deals but their donors did not want them to do that.
He schlongged you.
“Americans will pay a 15% tax on certain EU products instead of 5% previously.”
What are those products?
Don’t tell the MAGA mercantilists, but the Europeans will benefit from our increased exports — unless they are forced to buy our high priced liquid natural gas.
Logging equipment.
Some sawmill equipment.
Some Papermill equipment.
Add 15% to a timber harvest system that is priced at over 1 million dollars.
There is virtually nearly no logging equipment manufactured inside the USA.
A 15% tariff on a Pugeot......
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.