

Seems more like everyone is banking on the Dems winning the next election or Trump choking on a hamburger before then.
Yeah and it’s like EU has chosen the damage control option. Something like take your loses before it gets worse.
I’m not fully convinced that this is the way. I do hope the EU has strongly negotiated. I thought they’d first threat with the trade bazooka before settling on the 15%
It does seem that way. Unfortunately, the info is yet quite meager. The official EU press release was a bit of a propaganda piece imo. See also this X post
Other outlets are slowly realeasing some info, and one paper states that it’s more of a " principle deal" and that many details need to be worked out. There is a list of zero tariff goods as well.
And, FYI, we were already importing US LNG, and US defense materials. I don’t know about the amounts and specifics of existing contracts though.
Also, we ( EU) will be importing Canadian LNG and other stuff from Canada, in the coming years.