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#eupol

21 posts19 participants1 post today

Wisdom in the comments here...

"From a European perspective, it really looks like only one-third of this phrase “allied western democracies” applies to the US any more. We need to disentangle ourselves from every form of reliance on the USA, as fast as we can."

#UKPol #EUPol #USPol

arstechnica.com/tech-policy/20

A Starlink broadband satellite dish sitting on a table outside a house.
Ars Technica · FCC head Brendan Carr tells Europe to get on board with StarlinkBy Financial Times

"While Europe indeed sells more goods to Americans, the U.S. in turn enjoys a surplus when it comes to services. Overall, the €1.3 trillion trade relationship is off by only some €50 billion. Commission President Ursula von der Leyen this week revived the idea of scrapping all industrial #tariffs — in a “zero-for-zero” deal — on a mutual basis."

#EUPol #USPol

politico.eu/article/eu-takes-r

POLITICO · EU takes revenge on Trump’s tariffs as countries approve €20B+ retaliationBy Koen Verhelst
Replied in thread

@funguy2playwith @kims

Yikes. A great way to cut carbon emissions though.

‘For the US economy, much is at stake, with the inbound travel market a major revenue-earner worth $155 billion in overseas visitor expenditure, and with millions of Americans employed in the tourism industry.

‘In 2024, before the Trump administration took office and introduced its extreme version of enhanced vetting, more than 710,000 Australians visited the US, a nearly 17 per cent increase on the previous year.

‘Now the giant French hotel multinational Accor has warned that bookings from Europe to the US for this northern summer’s high season are down 25 per cent. Airlines such as the UK-based Virgin Atlantic are also sounding the alarm to investors.

‘Extraordinarily, in the past week, experts, via the pages of The New York Times and The Washington Post, have been recommending that foreign travellers at least delete “anything you wouldn’t want someone to read or see from your device before visiting the US”.’

Did a little punching up of my intro paragraphs.

"Donald Trump, on the other hand, showed up to the free market drunk, punched congress’s girlfriend in the tits, threw some gang signs, grabbed the wheel of the steamroller of American enterprise, and started shouting “YOLO!” while doing donuts in your stepmom’s flowerbeds. Steamroller donuts, each one cheered on more enthusiastically than the last by a cavalcade of botoxed ghouls from Fox News, OANN, Newsmax, and the entire consortium of Tenet Media connected podcasts caught red handed taking millions of dollars from Russian intelligence less than a year ago. It’s a trajectory of governance that's unrecognizable to the American electorate, though I have a bad feeling that anyone who lived through the rise of a populist strongman like Robert Mugabe, Victor Orban, or Hugo Chavez would feel the shock of recognition.

cryptadamus.substack.com/p/how

The Cryptocalypse Chronicles · How To Insider Trade And Influence People (With Tariffs)By Michel de Cryptadamus
#uspol#trump#MAGA

US voters have made sure that their country moves fast and breaks things.

"The European Central Bank and all other central banks must therefore set their key interest rates in an environment that could turn out to be a mirage in a few weeks."

sueddeutsche.de/wirtschaft/us-

Süddeutsche Zeitung · US-Staatsanleihen als Ramschpapiere: Die Krise weitet sich ausBy Markus Zydra
Replied in thread

@andyjennings

Trump’s Mar a Lago Accord is DOA.

David Henig, from the European Centre of International Political Economy: "I'm not sure there's enough skill and analytical capacity in the current White House to pull this [currency accord] off."

Former chief economist at DFAT,Jenny Gordon: "Trump's treatment of allies will hardly provide reassurance that complying with such an accord will buy stability. Even if quite a few countries do comply, it will not solve the US deficit problem."

Lord Daniel Hannan, president of the Initiative for Free Trade and a member of the UK House of Lords: "It's not possible to simultaneously to tackle the deficit problem and to keep a devalued US dollar as the world's currency…countries around the world wouldn't agree to things that weren't in their economic interest because the US wanted them to.

"The people who are claiming that there is some clever nine-dimensional chess going on here are deluding themselves because they don't want to face up to the banal reality that this is a needless policy that will impoverish people."

Japan's former top currency diplomat, Naoyuki Shinohara: ‘…any US attempt to secure a coordinated depreciation of the US dollar through a 1985 Plaza Accord-type deal likely wouldn't work, because it would require the consent of China and Europe.’