France called a framework trade deal between the United States and European Union a “dark day” for Europe, saying the bloc had caved in to U.S. President Donald Trump with an unbalanced deal that slaps a headline 15 per cent tariff on EU goods while sparing U.S. imports from any immediate European retaliation.
One possible reason is they’re just not very worried about their domestic industries suffering. Americans will have to pay extra to buy from Europe, which hurts Americans more than anyone, and that’s it. It’s a huge economy, and they have other foreign markets to work with, so that’s probably not going to sink Volkswagen on it’s own.
In Canada, if we took a similar deal, our local industries would implode. Anyone that produces anything here would suddenly have 1/10th the nearby market to competitively sell to AND American competition at home. I mean, in the long run we could figure out other businesses, but the short term impact would be apocalyptic.
Edit: And yes, they want to keep the US defence industry and budget on side, at least until Russia is less of a threat.
Odd, I view the us as a far greater threat to us than russia. Did russia threaten to annex us ? No, that was the usa. They are a threat.
“They” in the edit was the EU, to be clear.
Russia isn’t much of a threat to Canada with the pole in between us, but they’re totally eyeing up parts of the EU. (I guess Trump did talk some shit about Greenland, but everyone is still laughing that off, and making this deal probably does help prevent anything from happening)