Will the EU-US summit yield any breakthroughs on trade?
10/20/2023 •
No — Majority of comments express skepticism and doubt about the possibility of significant breakthroughs on trade at the EU-US summit. Pessimism revolves around ongoing disputes over Trump-era tariffs, US green subsidies, and China-related trade issues. The sentiment from the observers in Brussels and European officials suggests limited expectations of progress on trade issues during the summit.
EU-US SummitTrade IrritantsChina-Related TradeDigital RegulationsGlobal GDPBrussels-EffectEU General CourtBiden AdministrationGeopolitical Force
Stats
| 60% | 27 | Bluesky |
| 38% | 17 | Mastodon |
| 2% | 1 | Hacker News |
| 39% | Neutral |
| 39% | Negative |
| 22% | Positive |
| 44% | 😡 Anger |
| 29% | 😃 Joy |
| 24% | 😱 Fear |
| 2% | 😯 Surprise |
| 0% | 😢 Sadness |
| 0% | 🥰 Love |
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Story
- Skepticism and doubt dominate the sentiment regarding breakthroughs on trade at the EU-US summit.
- Bones of contention, particularly around trade, remain unresolved between the EU and the US.
- The tough stance by Biden's team, especially on China-related trade issues, has caused discontent among European officials.
- The EU is eager to be recognized as a geopolitical power and not just an economic entity in relation to China.
- Observers in Brussels express pessimism about the Trump-era tariffs and US green subsidies, which have affected EU-US trade relations negatively.
- There's anticipation of meaningful progress for the EU in three economic areas despite the prevailing skepticism.
- Discussions are ongoing about potential resolutions for Trump-era 232 tariffs, a Critical Minerals Agreement, and a global arrangement for steel and aluminium.
- Commenters point out the necessity for diplomats to address EU digital regulations that negatively affect the US.
- The importance of seizing the opportunity to address trade issues at the summit amidst the turbulent geopolitical climate is emphasized.
- Despite challenges, there's an expressed hope and desire for improved and mutually beneficial trade outcomes between the EU and the US.
- The combined power of the US and EU, with their 40% share of global GDP, can shape international behavior.
- A recent ruling by the EU General Court struck down an EU trade measure restriction on US exports, indicating complexities in the negotiation dynamics.