Bill, if that "deal" remains stable, then Trump's tariff policy has a chance of minor success.
Unfortunately, Trump changes his mind too often because he isn't driven by any guiding principles other than his own narcissism.
By the way, this part of the article was hilarious and a reason why The Gateway Pundit cannot be trusted to do honest journalism:
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Brussels had long believed its economic weight gave it bargaining power, but Trump’s escalating tariff threats convinced EU leaders that resisting risked a devastating trade war. Fearing damage to key industries like autos and pharmaceuticals, and worried retaliation would provoke even harsher measures, they conceded.
The impact is already visible in foreign investment. Europe’s FDI fell 5% in 2024, dropping to a nine-year low and 11% below 2019 levels. Out of 500 businesses surveyed, 37% postponed, canceled, or scaled back investment plans. Major economies were hit hardest: the UK recorded 853 projects, down 13% from 2023; France, though still first in Europe with 1,025 projects, fell 14%; and Germany, with 608 projects, dropped 17%.
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Imagine that! Trump's tariffs had such a huge impact that it even extended backwards in time!
Also this:
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Under tariff pressure, the EU pledged to invest $600 billion in the United States during Trump’s term and to purchase $750 billion of U.S. energy exports through 2028. European officials later clarified that the $600 billion figure referred to private-sector investment “intentions” rather than a lump-sum EU commitment. Still, Trump warned that failure to meet the pledge would trigger 35% tariffs.
The strategy worked. In 2024, Europe accounted for $96.7 billion, 64% of all new U.S. investment, driving a $332.1 billion increase in America’s overall FDI position, which reached $5.71 trillion by year’s end. Europe alone contributed $204.7 billion of that growth, led by a $52.9 billion rise from the UK and a $39.7 billion increase from Germany.
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Maybe they're typos, but I doubt it. The figures that TGP provided have no references. Moreover, TGP has a long record of making shit up.
So it doesn't surprise me to see them credit Trump for trends that were happening in 2024, because these guys never fact-check their own Bullshishka.
Tenchusatsu |
