The US-EU trade pact is one giant wealth transfer. Increased investment flow into the US will strengthen the dollar and weaken the Euro.
Massimo25ore on
>The dollar tumbled sharply earlier this year, particularly against the euro, as fears that dramatically higher tariffs on trade with most of its major partners would hurt the U.S. economy caused investors to consider shifting out of U.S. assets.
It’s rather a breath of relief for the danger averted. at one point, euro was at 83 cents per 1 dollar after Trump threatened the European Union with 30% tariffs.
gamesbrainiac on
Nothing has been signed yet. Nothing. I don’t know why people are losing their minds.
Hekke1969 on
EU useless as always
Intelligent_Rub528 on
This articke is about 1.17 to 1.16 on dol to eur ?
Holy shit online journalism is something else.
proton_rex on
Consider that a lower Euro-USD exchange rate lowers the impact of the tariffs. The EU will have considered this basic effect.
And before bitching about the EU giving in to the Trump bullying, you have to read the (still not existing) details of the trade agreement. Trade agreements usually takes years to create… and also the US industry needs years to produce the goods the US currently buys from the EU.
In short: for the next years the US consumer is the one that will pay more for the EU products sold in the US.
The EU publiclymade Trump happy but secretly fucked the US consumer. And Trump does not care.
Historical_Cook_1664 on
The proposed trade deal is a just a camera opportunity. First the US needs to actually produce goods that are up to EU standards, good luck. Raw materials need even more transport capacity, good luck with that also. This is just a “don’t worry, the EU will not boycott you idiots”.
7 commenti
The US-EU trade pact is one giant wealth transfer. Increased investment flow into the US will strengthen the dollar and weaken the Euro.
>The dollar tumbled sharply earlier this year, particularly against the euro, as fears that dramatically higher tariffs on trade with most of its major partners would hurt the U.S. economy caused investors to consider shifting out of U.S. assets.
It’s rather a breath of relief for the danger averted. at one point, euro was at 83 cents per 1 dollar after Trump threatened the European Union with 30% tariffs.
Nothing has been signed yet. Nothing. I don’t know why people are losing their minds.
EU useless as always
This articke is about 1.17 to 1.16 on dol to eur ?
Holy shit online journalism is something else.
Consider that a lower Euro-USD exchange rate lowers the impact of the tariffs. The EU will have considered this basic effect.
And before bitching about the EU giving in to the Trump bullying, you have to read the (still not existing) details of the trade agreement. Trade agreements usually takes years to create… and also the US industry needs years to produce the goods the US currently buys from the EU.
In short: for the next years the US consumer is the one that will pay more for the EU products sold in the US.
The EU publiclymade Trump happy but secretly fucked the US consumer. And Trump does not care.
The proposed trade deal is a just a camera opportunity. First the US needs to actually produce goods that are up to EU standards, good luck. Raw materials need even more transport capacity, good luck with that also. This is just a “don’t worry, the EU will not boycott you idiots”.