The EU and India sign "The Mother of all Trade deals"

Together these people represent two Billion people and 25% of the worlds GDP.. And nowhere in any of the fine print does it say a single item has to be sold in US$. And I am betting it wont be..You know that scene in Pretty Woman where the Beverley Hills store saleswoman insults Julia Roberts and regrets it later???😷

This page is a permanent link to the reply below and its nested replies. See all post replies »

KunsanVeteran · M

Look for many, many more agreements like this going forward.

whowasthatmaskedman · 70-79, M

@KunsanVeteran Exactly, This is landmark "foot in the door" deal to which various things currently tariffed will be added over time. More trade leads to more trade. lower tariffs lead to low tariffs and then ultimately free trade.
So what we have here is a perfect storm for the US. A 💩fiat currency everyone is selling off (except the crooks and drug dealers) A trade imbalance with almost every trade partner and squandered industry and manufacturing that have all been exported and skills lost. A poorly regulated market that is protectionist and dependent on govt to keep it in business,. And a corrupt, incompetent and globally unpopular administration that has pushed former allies to make deals with former enemies, who hold the keys to Americas economic future. I surely wouldnt want to be in America right now..😷