Trump does it again - strikes deal with EU's Juncker, avoids trade war

[SP33Demon]

How many times have I told you guys that Trump is using the tariffs as a bluff to get better deals for the U.S.? Huge win for him and more importantly our country after striking better trade deals with Australia, Brazil, Argentina, and South Korea (who got an exemption from the 25% steel and 10% aluminum as a result). Who's next on the hitlist, Canada? Mexico? I know Mexico claimed that NAFTA should govern the talks, so we'll see how that plays out.
http://fortune.com/2018/07/26/trump-juncker-trade-agreement/
http://www.euronews.com/2018/07/26/what-did-trump-and-juncker-agree-on-trade-euronews-answers

Let's go through the treasure chest on what Trump got us, shall we:
1) The EU will buy more liquefied natural gas from the U.S.
2) The EU will buy more soybeans

“The European Union is going to start, almost immediately, to buy a lot of soybeans—they’re a tremendous market—buy a lot of soybeans from our farmers in the Midwest, primarily. So I thank you for that, Jean-Claude,” said Trump.

3) The EU will help us reform the WTO, which Trump claims lets China get away with too much.
...

Juncker came back from Beijing last week “with an agreement by the Chinese that some of these WTO rules should be renegotiated,” Lamy told Euronews’ Good Morning Europe. “So Juncker did not come to Washington empty-handed.”

4) The EU will help adjust regulations to allow US medical devices to be traded more easily in European markets.
4.5) Half point for *, explained below.

And what did Juncker get the EU? Why nothing, except the threat of the automobile export taken off. lol:
1) “The major progress today is that our American friends agreed not to increase tariffs on cars and other products during the negotiation, which is a major concession by the Americans I have to say,” he said, as reported by Politico.

Both sides also get:
1) Zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods*
*US import tariffs of 25% on steel and 10% on aluminium, imposed in March, will however remain in place.
Also note:

In Washington, Juncker said both sides would refrain from imposing additional levies. The US president said he wouldn’t “go against the spirit of this agreement”. However, Trump remains vexed over the EU’s 10 percent tariff on car imports: the US imposes only 2.5 percent on passenger cars, although its rate on imported pickup trucks is 25 percent.

So who had the leverage here, and who didn't? Who had to travel to who? I'd say Trump smoked em. Even though Juncker came to him, and Juncker didn't disappoint since he did the legwork with China beforehand (to appease Trump). The only thing we didn't get out of the deal was the 10% Euro car tax where we only charge them 2.5% for ours. But they can work on that later, plus we get to keep the 25% on steel and 10% on aluminum from March! The WTO part by Juncker was clever since he knew China's cheating was a sore spot to Trump, so props to him on that which probably really helped grease the rails.

Other thoughts: Does this mean Harley will come back to the US now after its posturing over the EU 25% tariffs? Morons should've waited til things played out before going public with any type of decision (although I've heard that they decided on moving 3 years ago in 2015).

In response to the increased cost of production due to the EU tariffs, U.S. motorcycle maker Harley-Davidson announced in late June it was moving its production of motorcycles for European customers overseas.

Hot dam, Trump did it again! The Art of the Deal!

TLDR Summary:
We get:
1) The EU will buy more liquefied natural gas from the U.S.
2) The EU will buy more soybeans from the U.S.
3) The EU will help us reform the WTO with respect to punishing China
4) The EU will help adjust regulations to allow US medical devices to be traded more easily in European markets
4.5) US import tariffs of 25% on steel and 10% on aluminium, imposed in March, will remain in place
EU gets:
1) No tariff on autos
Both sides get:
1) Zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods

 

[Sheik Yerbouti]

It's almost as if you're a shill, showing up and bullshitting about trump. Nah, that's couldn't be.

 

[SP33Demon]

It's almost as if you're a shill, showing up and bullshitting about trump. Nah, that's couldn't be.

So you don't think this is a huge win for both sides? And you don't think Trump won't be pimping this "yuge" haul for America? He did something Obama and W never had the balls to do - ask for more. Just like when you are negotiating salary when you're hired - you ask for as much as they're willing to give you. In this case, it wasn't even really greed but the fact that other countries were ripping us the fuck off.

Trump has a gift, just admit it. He played Juncker and the EU like a fiddle and this will help mitigate any damage to our farmers if the China trade war continues (which it probably won't past mid terms). Though not sure how much work he actually had to do considering we had all the leverage anyway, economically and militarily. They aren't going to do something stupid like severe military ties which leaves them vulnerable to Russia if we pack up and leave.

 

[Sheik Yerbouti]

So you don't think this is a huge win for both sides? And you don't think Trump won't be pimping this "yuge" haul for America? He did something Obama and W never had the balls to do - ask for more. Just like when you are negotiating salary when you're hired - you ask for as much as they're willing to give you. In this case, it wasn't even really greed but the fact that other countries were ripping us the fuck off.

Trump has a gift, just admit it. He played Juncker and the EU like a fiddle and this will help mitigate any damage to our farmers if the China trade war continues (which it probably won't past mid terms). Though not sure how much work he actually had to do considering we had all the leverage anyway, economically and militarily. They aren't going to do something stupid like severe military ties which leaves them vulnerable to Russia if we pack up and leave.

lol

 

[ivwshane]

Huge win? Trump simply agreed to stop doing what he started and made an agreement that isn't enforceable (how do you make a business buy more soy beans and oil).

This deal, like your posts, is all fluff and no substance.

 

[MomentsofSanity]

So the EU agreed to do what they were already planning to do. The EU market was already switching to US soy because the Chinese are buying elsewhere which drove up those prices and dropped the price of US soy. The EU could never make up the hole created by China shopping elsewhere and Brussels can’t tell businesses where to buy soy from.

The EU has also been targeting infrastructure upgrades for natural gas for years. So nothing new there either.

https://ec.europa.eu/energy/en/topics/infrastructure/projects-common-interest

Trump agreed not to do what he was threatening to do with auto tariffs. The rest is not a deal. It’s a target they are going to work toward to see if they can get there. This doesn’t help farmers at all and is just pure fluff for the masses.

 

[Amused]

https://www.washingtonpost.com/busi...5482bf5e0f5_story.html?utm_term=.402f6b97ba6c

So he basically reverts back to the already existing deal and plans the Obama admin had been working on you call this a triumph?

Seriously?

But the deals the administration has reached fall short of Trump’s broad aim of rebalancing U.S. trade relations with the rest of the world — and in some instances adopt elements of past agreements the president is intent on breaking.

Trump’s agreement this week with the European Union and a renegotiation earlier this year of a trade deal with South Korea bear similarities to deals that were in place or being negotiated before Trump took office, the analysts and diplomats said.

A key piece of the agreement Trump reached with European Commission President Jean-Claude Juncker to ease escalating trade tensions and forestall further tariffs called for both sides to “work together toward zero tariffs” on non-auto industrial goods, such as aircraft engines and turbines.

That was also a goal of the Transatlantic Trade and Investment Partnership, or TTIP, a proposed deal that the United States and the European Union were negotiating under the Obama administration and that subsequently withered.

“There does seem to be a lot of similarity in what Trump wants to achieve and what the TTIP tried to accomplish,” said Eswar Prasad, professor of trade policy at Cornell University.
​

TL;DR: This is essentially the plan Obama had in the works

 

[balloonshark]

Didn't Bayer (a German company) just buy Monsanto who has a virtual monopoly on soybean's sold in the US as well as Round Up the weed killer they drown the soybeans in? Good for a Germany company and their stockholders I guess.

 

[SP33Demon]

Huge win? Trump simply agreed to stop doing what he started and made an agreement that isn't enforceable (how do you make a business buy more soy beans and oil).

This deal, like your posts, is all fluff and no substance.

How do you make the EU buy more soy beans and oil? lol. Are you this stupid or do I have to spell it out for you?

 

[SP33Demon]

So the EU agreed to do what they were already planning to do. The EU market was already switching to US soy because the Chinese are buying elsewhere which drove up those prices and dropped the price of US soy. The EU could never make up the hole created by China shopping elsewhere and Brussels can’t tell businesses where to buy soy from.

The EU has also been targeting infrastructure upgrades for natural gas for years. So nothing new there either.

https://ec.europa.eu/energy/en/topics/infrastructure/projects-common-interest

Trump agreed not to do what he was threatening to do with auto tariffs. The rest is not a deal. It’s a target they are going to work toward to see if they can get there. This doesn’t help farmers at all and is just pure fluff for the masses.

Well, now the EU has to officially buy a lot more soy which is fine b/c it'll also help our farmers since we are cockblocking china. Regarding oil, just b/c the infrastructure was being upgraded didn't mean they had to buy the fuel from us. Trump ensured that we are officially the prime supplier now. We also get to keep the 10% alum tariff and 25% steel tariff which obama was too pussy to do. This will ensure 2020 for trump in steel country battleground states (PA, OH).

 

[ivwshane]

How do you make the EU buy more soy beans and oil? lol. Are you this stupid or do I have to spell it out for you?

Go ahead and spell it out, champ.

 

[SP33Demon]

https://www.washingtonpost.com/busi...5482bf5e0f5_story.html?utm_term=.402f6b97ba6c

So he basically reverts back to the already existing deal and plans the Obama admin had been working on you call this a triumph?

Seriously?

But the deals the administration has reached fall short of Trump’s broad aim of rebalancing U.S. trade relations with the rest of the world — and in some instances adopt elements of past agreements the president is intent on breaking.

Trump’s agreement this week with the European Union and a renegotiation earlier this year of a trade deal with South Korea bear similarities to deals that were in place or being negotiated before Trump took office, the analysts and diplomats said.

A key piece of the agreement Trump reached with European Commission President Jean-Claude Juncker to ease escalating trade tensions and forestall further tariffs called for both sides to “work together toward zero tariffs” on non-auto industrial goods, such as aircraft engines and turbines.

That was also a goal of the Transatlantic Trade and Investment Partnership, or TTIP, a proposed deal that the United States and the European Union were negotiating under the Obama administration and that subsequently withered.

“There does seem to be a lot of similarity in what Trump wants to achieve and what the TTIP tried to accomplish,” said Eswar Prasad, professor of trade policy at Cornell University.
​

TL;DR: This is essentially the plan Obama had in the works

So the deal "withered" under the Obama admin and got done under Trump. What's the problem here? Also, why aren't you applauding the deals with Australia, Brazil and Argentina? We know why.

 

[UberNeuman]

ah, it finally clicked. Felix has another troll account. lol.

 

[SP33Demon]

Go ahead and spell it out, champ.

"The EU can import more soybeans from the U.S. and it will be done." -Juncker

 

[ivwshane]

"The EU can import more soybeans from the U.S. and it will be done." -Juncker

Was the question too difficult for you to understand? Do I need to write it in pictures for you?

The question was; how can they force companies to buy more soy?

Jackass

 

[MomentsofSanity]

Well, now the EU has to officially buy a lot more soy which is fine b/c it'll also help our farmers since we are cockblocking china. Regarding oil, just b/c the infrastructure was being upgraded didn't mean they had to buy the fuel from us. Trump ensured that we are officially the prime supplier now.

Bullshit. Companies can not be forced to buy US soy. But it’s a moot point because they were doing it anyway given the damage Trump has done to the US soy market. This does nothing to fix that. Nothing. it doesn’t even make in dent in what was lost with China buying elsewhere.

Meanwhile Brazil’s soy market has doubled thanks to him.

 

[SP33Demon]

Was the question too difficult for you to understand? Do I need to write it in pictures for you?

The question was; how can they force companies to buy more soy?

Jackass

Force companies to buy? Go away.

 

[SP33Demon]

Bullshit. Companies can not be forced to buy US soy. But it’s a moot point because they were doing it anyway given the damage Trump has done to the US soy market. This does nothing to fix that. Nothing. it doesn’t even make in dent in what was lost with China buying elsewhere.

Meanwhile Brazil’s soy market has doubled thanks to him.

Right, but you are missing the key part of the deal. We get to keep the 25% steel tariff plus 10% aluminum on the EU. This almost ensures Trump wins 2020 Steel country.

The soy part is just enough of a bone to keep the midwestern farmers appeased. They aren't the big prize, however.

 

[ivwshane]

Force companies to buy? Go away.

Lol! Run away like the little bitch you are when called on your bullshit.

You should stick to what you do best, shit post and run. Keep licking those trump nuts, god only knows trump sure could use the support right now!

 

[MomentsofSanity]

Right, but you are missing the key part of the deal. We get to keep the 25% steel tariff plus 10% aluminum on the EU. This almost ensures Trump wins 2020 Steel country.

Lol what? Do you have any idea how little steel and aluminum is imported from the EU. This does nothing.

Steel

Aluminum

You’re not living in reality. Keeping tariffs does not help manufacturing which is where the biggest hit will be taken.

 

[brycejones]

OP, 0/10. This thread is such obvious troll bait. You need to try harder.

 

[umbrella39]

LOL the 98 pound soaking wet cuck is still carrying water... Why hasn't the legendKiller sock puppet been pulled from the drawer yet...

 

[Bitek]

Like keeping the steel tariffs and lower soybean prices is helping farmers. They are huge consumers of steel (tractors, silos, barns, etc), so input costs go up, meanwhile prices go down.

Margins get squeezed and they are pissed.

Trump offers welfare. They and everyone else yells him to fuck off.

Yes. Master negotiator. Amazeballs. How did he ever bankrupt all those casinos with such a brilliant business mind like that.

 

[Indus]

lmao thread fail

 

[SP33Demon]

Lol what? Do you have any idea how little steel and aluminum is imported from the EU. This does nothing.

Steel

Aluminum

You’re not living in reality. Keeping tariffs does not help manufacturing which is where the biggest hit will be taken.

Last I checked, Canada and Mexico are getting smoked by the tariff. That's why they're so pissed off. Argentina, SK, and Germany are now exempt.This will still help steel country. Also if you think the NAFTA deal isn't going to be reworked under Trump you're an idiot.

Edit: forgot to add Brazil. That accounts for at least 31% non-tariff'd steel. We are fine. Aluminum won't be enough to affect anything, according to the dept of commerce secretary Ross who says that a beer can could go up by a... wait for it... penny.