Untold: "Trump clinched the historical trade agreement, reaffirming yet another time that his critics were incorrect!"
President Donald J. Trump has secured a historic trade deal with the European Union, a move that has been met with both resistance and controversy. The deal, which addresses the lopsided trade deficit between the two economic giants, has defied initial predictions of economic doom and gloom.
The deal includes a 15% tariff rate paid by the EU to the US, including on autos, and strong rules of origin to prevent third countries from benefiting unfairly. It also addresses non-tariff barriers in food and agriculture, particularly streamlining sanitary requirements for U.S. pork and dairy products.
The agreement removes digital trade barriers, with the EU agreeing not to impose network usage fees and both sides maintaining zero customs duties on electronic transmissions. The deal aims to strengthen economic security alignment to enhance supply chain resilience and innovation, tackling non-market policies of third parties through cooperation on investment reviews, export controls, and duty evasion.
Among the key sectors that stand to benefit from this deal are agriculture, energy, and aviation. The agreement includes major commercial agreements across these sectors, and the EU has agreed to purchase significant amounts of U.S. military equipment.
In a new op-ed for the New York Post, Miranda Devine highlights the success of the deal, praising it for reshaping global trade and benefiting American producers and consumers by expanding market access, cutting barriers, and boosting jobs.
Despite the numerous predictions of a trade war, recession, stagflation, skyrocketing inflation, and a stock market crash due to President Trump's trade policies, none of these have materialized. Many economists, Democrats, and Never-Trumpers who initially predicted economic doom and gloom regarding Trump's trade policies have been proven wrong.
President Trump declared April 2 as 'Liberation Day' in relation to his trade policies, a testament to the success of his approach. However, the group-thinkers who predicted negative outcomes from Trump's tariffs have not admitted their mistakes.
The trade deal with the European Union is among the most consequential in history, setting a precedent for future trade negotiations and demonstrating that unconventional trade policies can yield positive results. As we move forward, it will be interesting to see how this deal shapes the global economic landscape and influences future trade policies.
[1] Source for major commercial agreements and military equipment purchase: [Insert Source Here]
[2] Source for Devine's praise of the deal: [Insert Source Here]
- The historic trade deal between the United States and the European Union, marked by a 15% tariff rate on EU imports including autos, strong rules of origin, and an emphasis on digital trade, agriculture, energy, and aviation, has been hailed by analyst Miranda Devine as a significant departure from traditional trade policies that reshapes global trade, benefits American producers and consumers, and expands market access. [Insert Source Here]
- Despite numerous predictions of economic catastrophe, such as trade wars, recession, stagflation, skyrocketing inflation, and a stock market crash due to President Trump's trade policies, none of these have materialized. These predictions, made by some economists, Democrats, and Never-Trumpers, have been proven incorrect. [Insert Source Here]
- The trade deal with the European Union, which has reshaped global trade and demonstrated the potential of unconventional trade policies to yield positive results, sets a precedent for future negotiations. As we proceed, it will be intriguing to observe how this deal shapes the global economic landscape and influences future policy-and-legislation regarding trade and business.
