No. of Recommendations: 4
since some of the major deal details conflict with real world physical and financial limits, simpler explanation is that trump is being played by EU and japan. path of least resistance.donny want $1trillion? $2trillion? $10trillion? sure, anything for my pal !
"...this is just another day of golf for Trump: dream up some big, gaudy numbers to generate headlines, rally the domestic base and US energy stocks, proclaim economic dominance, etc.
It’s a re-run of his 2021 China trade farce: inflate the target, declare victory, and then forget all about it before the blame game starts.
The Phase 1 trade deal in December 2019 envisaged China buying more than $50b of extra American coal, oil and LNG by the end of 2021. Actual imports fell well short of that, but by then the world had moved on. The same fate awaits the EU-US trade deal.
For the EU, this is strategic capitulation. European officials know they can’t physically import the volumes they’ve pledged, and nor can they force EU companies to do so. But they’re playing along, desperate to mollify a volatile White House and avoid reigniting market-melting tariff threats on Truth Social."
https://www.energyflux.news/geopolitical-theatre-p...