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by JumpCrisscross
145 days ago
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> Trump threatened an extra 10% tariffs on countries that don't think the US should be taking over Greenland And that would be a good reason for tearing up a FTA. It would cost Europeans more, financially, than the tariffs. Probably tip the EU into a recession without significant deficit spending and ECB intervention. But I think it’s the sort of thing that’s geostrategically worth threatening if your population and political structure lets you credibly do so. (Note: shredding trade deals to the point that IP stops mattering != ratifying the new thing.) |
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States within the EU may also have to make peace with the need to expanding ties with regional powers like Israel, KSA, UAE, Egypt, etc in a strategic instead of tactical framework.
IK the latter is in the pipeline, the former less so due to electoral risks.