US Edition'Lost in Translation': Trump Issues Threats so 'Vague' They Bamboozle Expert
UNITED STATES AND EUROPEAN UNION, AUG 5 – The trade deal cuts EU tariffs to 15% and includes a $600 billion investment pledge, though analysts question the certainty of the financial commitments, CNBC reported.
- On Tuesday morning, President Donald Trump announced a 15% tariff ceiling on EU imports, saying funds could be invested at his discretion.
- President Donald Trump reduced rates from 30% to 15% after extracting a $600 billion 'gift' from the EU, amid talks over tariffs.
- Amid conflicting figures, Ron Insana warned the deal remains too vague to assess, with the United States' share unclear, as he said, `'Well, we don't know because, you know, when what's what's being lost in translation is whether or not countries like Japan, South Korea, even the European Union are agreeing to write checks for anywhere up to $600 billion or more and simply hand the cash over to the United States, or whether they're offering loans or loan guarantees,' Insana said.
- Trump said that the EU has promised to buy $750 billion in American energy, with an annual obligation of $250 billion covering about 70% of its energy needs.
- Last week, Tagliapietra said fulfillment is unlikely for demand and supply reasons, and Trump described the $600 billion as a 'gift'.
23 Articles
23 Articles
The Best of Greg Sargent’s Politics Podcast
Paul Krugman Brutally Wrecks Trump’s Europe Deal: “Scam on His Voters”You’ve probably heard that President Trump and the European Union have reached a big trade deal. This is being widely portrayed as a “win” for Trump and a big humiliation for the EU. But it’s not at all clear what we gain as a country from this deal. Surely the phrase “Trump won” has to mean more than “Trump gets to claim a personal victory and the media is required to play al…
US President Trump has described the $600 billion investment pledged by the EU under the Customs Agreement as a "gift." Trump said on CNBC that he could invest the European Union's money in whatever he wanted. If the EU did not comply with the pledge, he would impose customs duties of 35 percent.
US President Trump sells the $600 billion pledge from the EU as a "gift". But the EU Commission sees this differently. Brussels is only talking about declarations of intent by private companies.
'Lost in translation': Trump issues threats so 'vague' they bamboozle expert
President Donald Trump boasted that he had extracted a $600 billion "gift" from the European Union after threatening to impose 35-percent tariffs, but an economic analyst cast doubt on whether that money would ever be paid.The president told CNBC's "Squawk Box" on Tuesday morning that he had cut tar...
Donald Trump has described as a “gift” the investment of 600 billion dollars (about 525 billion euros) that, according to him, has promised the European Union to the United States as part of its new trade agreement. In a telephone interview with the CNBC network, the president said that these funds were decisive to reduce from 30% to 15% the tariffs that his administration will apply to European products, an agreement reached in Scotland during …
"They have given us 600 billion dollars that we can invest in everything we want," says the US President in a conversation with CNBC. However, the EU sees this differently.
Coverage Details
Bias Distribution
- 44% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
