Did The EU Outsmart The US In This Deal?
The Secret Winner: Why the EU Won Big in the Trump Trade Deal
Beyond the Headlines: How the EU Salvaged the Transatlantic Deal
I'm Erika Grey with the Twist News. While the media is talking about Donald Trump's huge win in the EU US trade deal, they're missing a very key part of this deal, and that is that the European Union won even bigger. So you say, Erica, how did the European Union win bigger in this trade deal? because the European Union managed to salvage the EU US deal without any increase in tariffs or having to retaliate against the United States, which it was planning to do in case Trump went forward with higher tariffs. that would not have been in the best interests of the European Union which is the trade hub for the world has 76 trade packs and the EU US trade relationship accounts for its largest and for 30% of world trade.
The $1.6 Trillion Salvation: Strategic 15% Tariffs
So what the European Union did was very smart. Yes, it's agreed to tariffs that it didn't want to exactly agree to, which is the 15%. But it salvaged the deal and it salvaged the $1.6 trillion in trade that occurs between the European Union and the United States annually. In addition, according to Ursula Vander Lion's statement, this trade pack is going to be further negotiated over time.
The Rising Empire: Throwing Weight with 670 Million Citizens
And that's key for the European Union, which is this growing empire, which is becoming quite powerful. And you may disagree with me on that. And if you do, please say something in the comments. But is becoming much more powerful on the world stage having say and also throwing its weight because of its large market which is going to get larger when they deepen the capital markets union. when they complete the Enrio Letta and Mario Draghi report and fulfill all of the steps that are in those reports to deepen their union, they're going to boost their GDP by 10%.
The Tech Horizon: Can the US Compete with EU Unicorns?
And now by saving this deal, they're going to maintain the growth that they are anticipating is going to come from all of the trade packs. And what you're going to hear on this channel is that at some point the European Union is going to surpass the United States in part because the US will not in the future be able to compete with the unicorns that are going to come out of the EU that they are strategically funding various programs, technology so that they can create those unicorns and also alo eliminating a lot of their costs for companies so that the companies stay in the United States, but they're also going to be so large with 670 million citizens and possibly even up to 770 million if they take in more outer tier members.
Conclusion: Maintaining the Trajectory Toward Supremacy
And I know I'm going over your head here, but with all of these in motion and in play, at some point even the strong United States will not be able to compete. So in short, this was a huge win for the European Union because what it does is it allows the EU to maintain its current status and it's got some catching up to do in the area of its economy and it doesn't upset that even further so that it can continue on its trajectory trajectory. Hope you found this informative. Definitely want to know what you think in the comments.