The EU trade deal was a Masterclass by Pres. TrumpEU Committed to $750 million of energy purchases. 15% tariffsUS now has an open market to the 20 trillion European market 235EU has a $235B every year, and Europe buys America.EU can onshore to get rid of the trade deal or pay tariffsThe key of the deal was autos and pharmaceuticals. If you are going to sell in the US, you are going to produce here.Trump will come out with a new pharmaceutical plan that if you are going to produce and send pharmaceuticals to the US, you will produce them in the United States. The EU got ahead by agreeing to pay 15%.There is plenty of horse trading still to do. Digital services will be on the table. Steel and aluminum also on the table Trump accepts that natural resources won’t face tariffs.With other countries, need completely open markets.Deals are on the table for Trump to consider but he can just set the price.Trump decides if he wants to do a deal or not do a deal.China is a separate deal. We are going to have things done by Friday.
This article was written by Greg Michalowski at investinglive.com.