Plus $750 Billion in energy sales; $250 B in year 2, 3, and 4, my sources tell me.
Pharma undecided.
The Marshall Plan is finally dead?!!
Pharma undecided.
The Marshall Plan is finally dead?!!
More TARIFFS
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Last: 1 day ago by PAC-10-BEAR
BearNIt said:movielover said:
Military purchases in 2030?
Everything else looks great.
When is the Big Cheeto out of office? He is freakin Super genius.
2032.
Twelve days ago… https://t.co/7cIdHDi0qv pic.twitter.com/IdLyGfhj8n
— Howard Lutnick (@howardlutnick) July 28, 2025
Trade deals used to take years and years.
[Japan deal]
President Trump just unlocked one of the biggest economies in the world. The European Union is going to open its 20 Trillion dollar market and completely accept our auto and industrial standards for the first time ever. In addition, it will purchase $750 BILLION in energy from us…
— Howard Lutnick (@howardlutnick) July 27, 2025
[Japan deal]
Secretary Lutnick on the Japan-USA economic deal:
— U.S. Commerce Dept. (@CommerceGov) July 24, 2025
"You want to build nuclear facilities, build it, pipelines, fabs, whatever you think is necessary, Japan will pay for it. It's a blockbuster deal if there ever was one." pic.twitter.com/V6Q76P5fXj
BearNIt said:
He is freakin Super genius.
EU TRADE DEAL: DONE!!!😎🇺🇸🥳🥳🥳 —Thank you for your attention to this matter. pic.twitter.com/W9RdPBazMM
— il Donaldo Trumpo (@PapiTrumpo) July 27, 2025
bear2034 said:BearNIt said:movielover said:
Military purchases in 2030?
Everything else looks great.
When is the Big Cheeto out of office? He is freakin Super genius.
2032.
Not unless he changes the constitution and stops eating McDonalds.
bear2034 said:BearNIt said:
He is freakin Super genius.EU TRADE DEAL: DONE!!!😎🇺🇸🥳🥳🥳 —Thank you for your attention to this matter. pic.twitter.com/W9RdPBazMM
— il Donaldo Trumpo (@PapiTrumpo) July 27, 2025
Picture Foxconn.
The EU-USA deal, which will impose 15% tariffs on almost all European exports to the US including cars, around triple the 4.8% tariff now in force, but avoiding the threat of a punitive 30% import duties being imposed on Trump's 1 August deadline for a deal.
What were the tariffs for USA exports into EU before and after?
Before the new deal, U.S. exports to the EU were mostly duty-free or faced very low tariffs, typically averaging around 1% to 1.5% under World Trade Organization most-favored-nation rules. Some sectors, like vehicles and apparel, had higher rates 10% on cars and up to 12% on clothing.
After the deal, U.S. exports to the EU will face zero tariffs on most goods, according to statements from both President Trump and European Commission President Ursula von der Leyen. This includes sectors like:
Automobiles
Agricultural products
Semiconductors
Certain chemicals and raw materials
Von der Leyen described it as "zero for zero tariffs" on strategic goods, and emphasized that the European market is now open to U.S. exports.
So in short:
Before the Deal <-> After the Deal
Avg. ~11.5% tariffs <-> Most goods: 0% tariffs
Cars: 10% <-> Cars: 0%
Apparel: up to 12% <-> Apparel: TBD
Pharmaceuticals: ~0% <-> Pharmaceuticals: TBD
Some categories like steel, aluminum, and pharmaceuticals are still under separate negotiations or retain existing tariffs.
So, how is it a deal if (as I understand) tariffs from EU to USA went up and tariffs from USA to Europe go down, plus they promise to buy a bunch of USA LNG?
You're absolutely right to raise an eyebrow, Tom on the surface, it does look like the U.S. got the sweeter end of the bargain. Here's how the deal is being framed as a "win" for both sides, even if the scoreboard feels lopsided:
What the U.S. Gets
15% tariffs on most EU exports to the U.S., up from an average of ~1.4% before the deal.
$750 billion in EU purchases of U.S. energy, especially liquefied natural gas (LNG), over three years.
$600 billion in EU investment into U.S. infrastructure, defense, and clean energy sectors.
Zero tariffs on strategic U.S. exports like aircraft parts, semiconductors, generic drugs, and certain agricultural goods.
What the EU Gets
Avoidance of a 30% tariff threat that Trump had set for August 1 the 15% rate is seen as a compromise.
Zero tariffs on select EU goods (still being finalized), including some chemicals and raw materials
Continued access to the U.S. market, which is crucial for export-heavy economies like Germany.
So Why Did the EU Agree?
Leverage was limited: Trump had already imposed a 10% baseline tariff and threatened 30% if no deal was reached
Energy security: The EU is still pivoting away from Russian gas, and locking in U.S. LNG helps stabilize supply
Economic stability: A full-blown trade war could have tanked growth forecasts even further the EU had already downgraded its 2025 outlook due to tariff uncertainty.
Strategic Framing
Von der Leyen called it "the best we could do" and emphasized predictability and stability for businesses. Trump, meanwhile, pitched it as a rebalancing of trade deficits and a way to "open up" European markets to U.S. exports.
So yes, the EU gave more but they likely saw it as the least-bad option.
What were the tariffs for USA exports into EU before and after?
Before the new deal, U.S. exports to the EU were mostly duty-free or faced very low tariffs, typically averaging around 1% to 1.5% under World Trade Organization most-favored-nation rules. Some sectors, like vehicles and apparel, had higher rates 10% on cars and up to 12% on clothing.
After the deal, U.S. exports to the EU will face zero tariffs on most goods, according to statements from both President Trump and European Commission President Ursula von der Leyen. This includes sectors like:
Automobiles
Agricultural products
Semiconductors
Certain chemicals and raw materials
Von der Leyen described it as "zero for zero tariffs" on strategic goods, and emphasized that the European market is now open to U.S. exports.
So in short:
Before the Deal <-> After the Deal
Avg. ~11.5% tariffs <-> Most goods: 0% tariffs
Cars: 10% <-> Cars: 0%
Apparel: up to 12% <-> Apparel: TBD
Pharmaceuticals: ~0% <-> Pharmaceuticals: TBD
Some categories like steel, aluminum, and pharmaceuticals are still under separate negotiations or retain existing tariffs.
So, how is it a deal if (as I understand) tariffs from EU to USA went up and tariffs from USA to Europe go down, plus they promise to buy a bunch of USA LNG?
You're absolutely right to raise an eyebrow, Tom on the surface, it does look like the U.S. got the sweeter end of the bargain. Here's how the deal is being framed as a "win" for both sides, even if the scoreboard feels lopsided:
What the U.S. Gets
15% tariffs on most EU exports to the U.S., up from an average of ~1.4% before the deal.
$750 billion in EU purchases of U.S. energy, especially liquefied natural gas (LNG), over three years.
$600 billion in EU investment into U.S. infrastructure, defense, and clean energy sectors.
Zero tariffs on strategic U.S. exports like aircraft parts, semiconductors, generic drugs, and certain agricultural goods.
What the EU Gets
Avoidance of a 30% tariff threat that Trump had set for August 1 the 15% rate is seen as a compromise.
Zero tariffs on select EU goods (still being finalized), including some chemicals and raw materials
Continued access to the U.S. market, which is crucial for export-heavy economies like Germany.
So Why Did the EU Agree?
Leverage was limited: Trump had already imposed a 10% baseline tariff and threatened 30% if no deal was reached
Energy security: The EU is still pivoting away from Russian gas, and locking in U.S. LNG helps stabilize supply
Economic stability: A full-blown trade war could have tanked growth forecasts even further the EU had already downgraded its 2025 outlook due to tariff uncertainty.
Strategic Framing
Von der Leyen called it "the best we could do" and emphasized predictability and stability for businesses. Trump, meanwhile, pitched it as a rebalancing of trade deficits and a way to "open up" European markets to U.S. exports.
So yes, the EU gave more but they likely saw it as the least-bad option.
Concordtom's concluding analysis:
1. Tariffs of all types are economic INEFFICIENCIES if you are just looking at it from a global trade perspective. So, I do not favor tariffs at all. Free trade everywhere, ideally.
2. If you look at tariffs as a beggar thy neighbor game, yes, Trump gives a win for US businesses competing for sales.
3. But he does so at the expense of US consumers, who will pay more taxes to USA government.
4. I asked one last question - if the $750M energy exports portion of the deal isn't just an inside lobbyist's deal, which is sadly often the case in DC politics. Drill-baby-drill-Trump has become renowned for cozying up to the oil lobby. Here's that exchange, which shed some light:
What is the dollar value of USA energy exports to Europe before the deal, and after. Sure, they committed to 250$M in annual (x3) purchases, but maybe that's already where it's been at?
Great question, Tom and you're absolutely right to be skeptical of headline numbers without context.
U.S. Energy Exports to Europe: Before the Deal
In 2024, U.S. energy exports to Europe including liquefied natural gas (LNG), crude oil, and nuclear fuel totaled approximately $240-$260 billion.
LNG alone made up nearly $120 billion, as Europe leaned heavily on U.S. gas to replace Russian supplies.
The rest came from oil, refined products, and smaller volumes of nuclear fuel.
After the Deal: What's New?
The EU has committed to $750 billion in energy purchases over three years, or $250 billion per year.
That's a modest increase over current levels not a tripling, but more like a 10-15% bump.
The real shift is in guaranteed volume and long-term contracts, which give U.S. producers more stability and leverage.
Why It Feels Bigger Than It Is
The $750B figure is cumulative, not annual so it's easy to misinterpret.
Much of this spending was already happening, but now it's locked in via formal agreements.
The EU also pledged $600 billion in investment into U.S. infrastructure and clean energy, which adds to the perceived scale.
So yes the deal formalizes and slightly expands what was already a massive energy trade flow.
1. Tariffs of all types are economic INEFFICIENCIES if you are just looking at it from a global trade perspective. So, I do not favor tariffs at all. Free trade everywhere, ideally.
2. If you look at tariffs as a beggar thy neighbor game, yes, Trump gives a win for US businesses competing for sales.
3. But he does so at the expense of US consumers, who will pay more taxes to USA government.
4. I asked one last question - if the $750M energy exports portion of the deal isn't just an inside lobbyist's deal, which is sadly often the case in DC politics. Drill-baby-drill-Trump has become renowned for cozying up to the oil lobby. Here's that exchange, which shed some light:
What is the dollar value of USA energy exports to Europe before the deal, and after. Sure, they committed to 250$M in annual (x3) purchases, but maybe that's already where it's been at?
Great question, Tom and you're absolutely right to be skeptical of headline numbers without context.
U.S. Energy Exports to Europe: Before the Deal
In 2024, U.S. energy exports to Europe including liquefied natural gas (LNG), crude oil, and nuclear fuel totaled approximately $240-$260 billion.
LNG alone made up nearly $120 billion, as Europe leaned heavily on U.S. gas to replace Russian supplies.
The rest came from oil, refined products, and smaller volumes of nuclear fuel.
After the Deal: What's New?
The EU has committed to $750 billion in energy purchases over three years, or $250 billion per year.
That's a modest increase over current levels not a tripling, but more like a 10-15% bump.
The real shift is in guaranteed volume and long-term contracts, which give U.S. producers more stability and leverage.
Why It Feels Bigger Than It Is
The $750B figure is cumulative, not annual so it's easy to misinterpret.
Much of this spending was already happening, but now it's locked in via formal agreements.
The EU also pledged $600 billion in investment into U.S. infrastructure and clean energy, which adds to the perceived scale.
So yes the deal formalizes and slightly expands what was already a massive energy trade flow.
Okay, okay….
I asked another question:
You said
The EU also pledged $600 billion in investment into U.S. infrastructure and clean energy
Tell me about this!
The $600 billion EU investment pledge is one of the most eye-catching elements of the new U.S.EU trade deal, but it's also one of the least defined. Here's what we know so far:
What the EU Committed To
The European Union has pledged $600 billion in investment into the U.S. economy, with a focus on infrastructure, clean energy, and defense sectors.
This includes long-term capital flows, joint ventures, and technology partnerships, though specific breakdowns by sector or timeline haven't been disclosed.
What Might Be Included
While details are still emerging, analysts expect the investment to touch on:
Clean energy infrastructure: Grid modernization, hydrogen production, and renewable energy projects.
EV and battery supply chains: Especially where EU firms already have U.S. manufacturing footprints.
Defense procurement: The EU agreed to buy "vast amounts" of U.S. military equipment, which may be counted toward the $600B figure.
Digital infrastructure: Possibly including AI, semiconductors, and cybersecurity partnerships.
Strategic Context
The investment pledge helps offset the sting of higher tariffs on EU exports to the U.S.
It also aligns with the EU's energy diversification goals, especially as it pivots away from Russian energy sources.
Trump framed it as a way to "open up" European markets and encourage foreign direct investment into U.S. industries.
Caveats
No binding contracts have been published yet.
Some analysts caution that this may be more of a political gesture than a guaranteed capital flow.
Similar pledges in past deals (like the U.S.Japan agreement) faced pushback when actual investment numbers didn't match the headlines.
I asked another question:
You said
The EU also pledged $600 billion in investment into U.S. infrastructure and clean energy
Tell me about this!
The $600 billion EU investment pledge is one of the most eye-catching elements of the new U.S.EU trade deal, but it's also one of the least defined. Here's what we know so far:
What the EU Committed To
The European Union has pledged $600 billion in investment into the U.S. economy, with a focus on infrastructure, clean energy, and defense sectors.
This includes long-term capital flows, joint ventures, and technology partnerships, though specific breakdowns by sector or timeline haven't been disclosed.
What Might Be Included
While details are still emerging, analysts expect the investment to touch on:
Clean energy infrastructure: Grid modernization, hydrogen production, and renewable energy projects.
EV and battery supply chains: Especially where EU firms already have U.S. manufacturing footprints.
Defense procurement: The EU agreed to buy "vast amounts" of U.S. military equipment, which may be counted toward the $600B figure.
Digital infrastructure: Possibly including AI, semiconductors, and cybersecurity partnerships.
Strategic Context
The investment pledge helps offset the sting of higher tariffs on EU exports to the U.S.
It also aligns with the EU's energy diversification goals, especially as it pivots away from Russian energy sources.
Trump framed it as a way to "open up" European markets and encourage foreign direct investment into U.S. industries.
Caveats
No binding contracts have been published yet.
Some analysts caution that this may be more of a political gesture than a guaranteed capital flow.
Similar pledges in past deals (like the U.S.Japan agreement) faced pushback when actual investment numbers didn't match the headlines.
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
The EU is ruled by multinationals and lobbyist/bureaucrats who don't have much in terms of local allegiances.
tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
I read one tix bit which predicted a knock on eu gdp by .5%
tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
The Marshall Plan finally ended?
Amuse: "The broader lesson is this: nations do not rise through acquiescence. They rise through assertion. Trump asserted American power, unapologetically, and did so with tools that previous administrations lacked the courage to use. He weaponized access to the US market not as a charity but as a bargaining chip. He viewed deficit reduction not as a spreadsheet exercise but as a matter of sovereignty. And in doing so, he realigned the global trading order.
"This is not mere bluster. The numbers are historic. The agreement secures more than $1.3 trillion in economic benefits for the United States. It eliminates protectionist tariffs, opens new export markets, strengthens our energy sector, and rebuilds our manufacturing base. It is a triumph of substance over style, of leverage over lip service."
"This is not mere bluster. The numbers are historic. The agreement secures more than $1.3 trillion in economic benefits for the United States. It eliminates protectionist tariffs, opens new export markets, strengthens our energy sector, and rebuilds our manufacturing base. It is a triumph of substance over style, of leverage over lip service."
— @amuse (@amuse) July 28, 2025
concordtom said:tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
I read one tix bit which predicted a knock on eu gdp by .5%
It appears that the EU has announced that the don't have the power to proceed with the $600 billion investment in the U.S.. This is looking like Foxcom more and more. The only thing missing is the hard hats and the golden shovels. I am shocked.
tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
FRANCE SAYS EU SURRENDERED TO TRUMP WITH TRADE DEAL
— Election Wizard (@ElectionWiz) July 28, 2025
movielover said:tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
The Marshall Plan finally ended?
The EU Commission president called him, a tough negotiator.
NATO's secretary general called him, daddy.
BearNIt said:concordtom said:tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
I read one tix bit which predicted a knock on eu gdp by .5%
It appears that the EU has announced that the don't have the power to proceed with the $600 billion investment in the U.S.. This is looking like Foxcom more and more. The only thing missing is the hard hats and the golden shovels. I am shocked.
Yeah, they should just keep recutting their own deal, the way Trump always does.
They had it rigged for 80 years, it was originally for a good purpose.
Bottom line: Prices paid by the U.S. Consumer are going up
The Truth About EU Automotive Tariffs and Their Impact on the United States - Update 7/27/25 - Manufacturing International
The Truth About EU Automotive Tariffs and Their Impact on the United States - Update 7/27/25 - Manufacturing International
🚨NEW: Bill Maher ADMITS he was *WRONG* about Trump's tariffs🚨
— Jason Cohen 🇺🇸 (@JasonJournoDC) July 28, 2025
"The stock market is at record highs."
"I don't see a country in a depression at all. I see people out there just living their lives."
"And I would have thought — and I gotta own it — that these tariffs were going… pic.twitter.com/386aYchG9B
What would BIll Maher know about the stock market?
lol
lol
Weren't most of the predictions of a rapid recession based on what Trump announced on "Liberation Day?" The extremely high tariffs on pretty much every country? Almost none of that wound up actually sticking. We've had much lower tariffs implemented piecemeal since then, which would naturally have a different, probably much smaller and/or delayed impact.
sycasey said:
Weren't most of the predictions of a rapid recession based on what Trump announced on "Liberation Day?" The extremely high tariffs on pretty much every country? Almost none of that wound up actually sticking. We've had much lower tariffs implemented piecemeal since then, which would naturally have a different, probably much smaller and/or delayed impact.
My view is that the effect of the tariffs will be delayed, as businesses tried to front load their inventories as much as possible to lessen the effects of the tariffs. The tax on consumers will be felt in November and December as people are shopping for the holidays.
Pharmaceuticals are the biggest export from Europe to US
movielover said:
They had it rigged for 80 years, it was originally for a good purpose.
I'm guessing you just sit in your fat chair popping of cuts of other people left and right, as someone tosses Bon bons in your face.
Have you ever StReTcHeD yourself out of your cocoon in life?
Oh yeah. You went to Europe and saw a bunch of horrible stuff.
Nice life!
sycasey said:
Weren't most of the predictions of a rapid recession based on what Trump announced on "Liberation Day?" The extremely high tariffs on pretty much every country? Almost none of that wound up actually sticking. We've had much lower tariffs implemented piecemeal since then, which would naturally have a different, probably much smaller and/or delayed impact.
Exactly.
Bill Maher says he was wrong?
No he wasn't. Trump ("100%!") changed the terms upon which Maher made the claim.
Maher is an idiot for flipping as he has - what's his game?????
Anarchistbear said:
Pharmaceuticals are the biggest export from Europe to US
Not anymore they're not.
Hahaha.
Higher prices plus Medicare cuts.
concordtom said:Anarchistbear said:
Pharmaceuticals are the biggest export from Europe to US
Not anymore they're not.
Hahaha.
Higher prices plus Medicare cuts.
They still will be. Many pharmaceutical intermediaries are made in Ireland- this won't change. Prices may be higher though that may impact generics more than prescription where 15% is trivial
To me, the entire tariff scheme is a way for Trump to create a revenue to offset tax cuts for his preferred areas.
Taxing pharmaceuticals, for instance, just spreads it out amongst millions of people, and he doesn't care about American end-users of those products who will pay the tax because he doesn't use them, so it's out of his mind.
He's an idiot, because his thinking is so narrow and myopic.
Broader ramifications to the social strata by increasing wealth disparities completely escapes him.
Decreased economic efficiencies, which tariffs do, also escape him.
Yet, anything he does, he proclaims as the greatest, biggest, most popular deal EVER. Until the next one he does. And anything anyone else ever does is not only horrible, but criminal and they should be prosecuted for it.
I deeply despise the man. He is a toxicity upon all of mankind. I cannot WAIT for a 50-million-ton block of steel to be placed upon his body until he is flattened to constituent atoms that get smeared into paste and washed away by the coming rains.
My, that was quite graphic!
But I like it.
Taxing pharmaceuticals, for instance, just spreads it out amongst millions of people, and he doesn't care about American end-users of those products who will pay the tax because he doesn't use them, so it's out of his mind.
He's an idiot, because his thinking is so narrow and myopic.
Broader ramifications to the social strata by increasing wealth disparities completely escapes him.
Decreased economic efficiencies, which tariffs do, also escape him.
Yet, anything he does, he proclaims as the greatest, biggest, most popular deal EVER. Until the next one he does. And anything anyone else ever does is not only horrible, but criminal and they should be prosecuted for it.
I deeply despise the man. He is a toxicity upon all of mankind. I cannot WAIT for a 50-million-ton block of steel to be placed upon his body until he is flattened to constituent atoms that get smeared into paste and washed away by the coming rains.
My, that was quite graphic!
But I like it.
And nobody is surprised.
BREAKING: Japan stated that of the $550 billion Trump claimed as investment commitments from Japan into US, only 1-2% are actual investments. The remaining 98% are loans to the US at full market value.
— PoliticsVideoChannel (@politvidchannel) July 28, 2025
Trump misled the American people. pic.twitter.com/Bk960AQLfn
Lol!!!!
Careful, Japan. Trump is again considering raising tariffs to 100% as retaliation for facing him like that.
You must say 3 "Hail Donalds" and wear his blue suit red tie combo for 6 months.
Careful, Japan. Trump is again considering raising tariffs to 100% as retaliation for facing him like that.
You must say 3 "Hail Donalds" and wear his blue suit red tie combo for 6 months.
Loans are a form of investing, its just that the lender gets interest payments back instead of equity in the company. But the criticism is fair - this is (likely) only additive to the economy if the recipient of the loans didn't otherwise have access to capital.
concordtom said:BearNIt said:concordtom said:tequila4kapp said:
Well, it appears there's a good bit of grumbling in Europe that the EU got rolled by Trump.
I read one tix bit which predicted a knock on eu gdp by .5%
It appears that the EU has announced that the don't have the power to proceed with the $600 billion investment in the U.S.. This is looking like Foxcom more and more. The only thing missing is the hard hats and the golden shovels. I am shocked.
Yeah, they should just keep recutting their own deal, the way Trump always does.
First the EU and now Japan. The Big Cheeto looks like an idiot and liar.
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