The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade ('Framework Agreement').
Fair and Balanced trade deal my backside. A cursory look through this seems like a really one-sided agreement favouring the US - with the EU making considerable trade-offs to the US, without much promise of stuff in return.
I mean you only need to read point number 1 and 2 to get a considerable idea of this. The EU commits to eliminating all tarifs on US industrial goods, while the US commits to no more or less than 15% tariff on certain goods only. That’s an insanely one-sided commitment
Fair and Balanced trade deal my backside. A cursory look through this seems like a really one-sided agreement favouring the US - with the EU making considerable trade-offs to the US, without much promise of stuff in return.
I mean you only need to read point number 1 and 2 to get a considerable idea of this. The EU commits to eliminating all tarifs on US industrial goods, while the US commits to no more or less than 15% tariff on certain goods only. That’s an insanely one-sided commitment