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Picture the scene. Friday, 22 May, the National Palace in Mexico City. The Patio of Honor. Both national anthems playing back to back, the Mexican one and the EU one, like a wedding where nobody bothered to invite the prick who used to run the family. Claudia Sheinbaum, Ursula von der Leyen and Antonio Costa standing shoulder to shoulder, pens out, signing a trade deal a full decade in the making. Cameras flashing. Handshakes. The whole multilateral box set, and not one moth-eaten MAGA hat in the building.

https://ifloz.substack.com/p/adios-fuckface?utm_so...

A great explanation of how trump ruins everything with an emphasis on the stupid tariffs, stupid trade policies that he non-stop TACOs, and how other countries' leaderships are working around to great effect.

Pete

Mexico has had a free trade agreement with the EU for some years. This appears to be a refinement. The EU has also, recently, signed free trade agreements with Brazil and India.

This is probably more about the EU gaining access to cheap labor, than anything else. The downside is the EU will see the same social problems that the US is seeing from offshoring production. VW, for instance, is looking to put increasing numbers of Germans out of work, escalating their production headcount cut from 35,000 to 50,000. VW has significant production capabilities in Mexico, Brazil, and India. In 2024. VW announced that the ICE powered Golf, for EU sale, will be built in Mexico, rather than Wolfsburg, from 2027, as part of it's German RIF program.

Steve

Claudia Sheinbaum, Ursula von der Leyen

Amazing what can get done when you get male egos out of the way.

Maybe we need to spend a few years with a matriarchy and see what happens.

—Peter

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