4w ago

EU admits it can’t guarantee $600B promise to Trump

www.politico.eu

The extra investments pledged under the trade deal would come from private companies, which Brussels conceded it has no power to control.

10 comments

I'll repeat a comment from another thread.
There is no deal in EU or Japan. Trump is con artist. A serial fraudster. He is not bound by any court or the rule of law or congress. He is a proven bad faith actor. The US is a bad faith actor.
These "deals" with Japan and the EU aren't worth the ink used in the signature. EU and Japan know this as does the US. This is three lying parties, staring each other in the face, all knowing everyone is lying. Japan and the EU are lying to buy time to de-integrate economies as gracefully as possible. Trump is lying in that this deal won't be renegged asap and an even shittier deal will be attempted.
Nobody, and I mean nobody is fucking investing in Trump's America. Everyone is moving as fast as possible to divest from the US to domestic for strategic needs and reliable trade partners for everything else. No one would risk further entanglements with a bad faith actor bound by nothing but Antisocial Personality Disorder and a sexual desire for children.
- These "deals" with Japan and the EU aren't worth the ink used in the signature.
  These deals were never even put in writing, so yeah... lol
- Spoken as somebody who doesn't know german politician's stubbornness to go even the wrong way till it's end.
  I hope you're right, but I'm not too optimistic, especially with us having a BlackRock manager as chancellor.
  
  Our Prime Minister is a Goldman Sachs alumni, so maybe this all goes terribly wrong.
- Alternatively, they could be hedging their bets on trump getting ousted for a more agreeable government, and keeping up ties for 3 more years until they know for sure is not an unreasonable timescale for governments
After the trump admin said it had "secured" 600B from Japan when the finance minister that negotiated it himself said nothing was finalized I knew the EU deal was also likely mostly hot air.
Trump is a snake oil salesman, and the bogus product he sells is himself.
Do you think anybody is going to spend a minute checking if this is carried out?
This is only a face saving "deal" for trumps benefit.
which Brussels conceded it has no power to control
Bullshit, you just said a quiet part out loud and now you're trying to sweep it back under the rug but you absolutely have soft and hard powers to incentivize these companies to do what you want, you just don't want to admit it because you'll face uncomfortable questions about why you never seem to pressure these companies into serving the general public and this kind of thing only happens when rich people's yacht money is at stake
Makes no odds. He is only after headlines anyway.

10 comments