šŗšøšŖšŗ Donald Trump has shown up the European Union. Heās revealed that the worldās largest single market is a paper tiger to be kicked around, with basically no leverage or strength to resist American demands.
All of these supposedly fierce backroom tariff negotiations have yielded an incredibly one-sided deal ā really an unparalleled embarrassment. As announced yesterday, the EU promises to invest $600 billion in the U.S. economy and to make $750 billion worth of āstrategic purchasesā of oil, gas and the like over the next three years. We also promise to buy a bunch of American military equipment.
In return for giving the Americans $1.35 trillion, we earn the privilege of a 15% baseline tariff on all of our exports to America and we drop our own tariffs to zero. At least we donāt have to pay the 30% tariffs Trump threatened!
While von der Leyen was trying weakly to put a happy face on her total failure, Trump gave her what we might call a softer Zelensky treatment. He twisted the knife in the wound, calling out the idiocy of EU wind energy in an extended soliloquy that will surely keep the fact-checkers and the regime deboonkers up late for weeks to come. I transcribe his remarks in full, because the whole moment was wonderful:
And the other thing I say to Europe, we will not allow a windmill to be built in the United States. Theyāre killing us. Theyāre killing the beauty of our scenery, our valleys, our beautiful plains. And Iām not talking about airplanes. Iām talking about beautiful plains, the beautiful areas in the United States. And you look up and you see windmills all over the place. Itās a horrible thing. Itās the most expensive form of energy. Itās no good.
Theyāre made in China, almost all of them. When they start to rust and rot in eight years, you canāt really turn them off. You canāt bury them. They wonāt let you bury the propellers, you know, the props, because theyāre a certain type of fiber that doesnāt go well with the land. Thatās what they say. The environmentalists say you canāt bury them because the fiber doesnāt go well with the land. In other words, if you bury it, it will harm our soil.
The whole thing is a con job. Itās very expensive. And in all fairness, Germany tried it and, wind doesnāt work. You need subsidy for wind and energy should not need subsidy. With energy, you make money. You donāt lose money.
All the while von der Leyen had to sit there, absolutely frozen except for a curiously accelerated rate of blinking, as she learned in real time that weakness and submission do not in fact invite conciliation.
Obviously nobody would take issue with Trump striking the best deal he can for the United States, but from my perspective this deal is a low point for Brussels, who are presently strangling our industry with overregulation and literal deindustrialisation policies, and who cannot even leverage the bundled negotiating power of the 27 EU member states to do anything but promise to send the Americans over a trillion dollars and pay 15% tariffs forever.
The EU sucks partly because Europe is not a country and the EU does not have clearly articulated geopolitical interests, and partly because some of its most influential member states have forgotten the very real geopolitical interests that they do have. People like Ursula von der Leyen are stuck in a universalist liberal fantasy that never really existed and that has been openly repudiated for at least a decade now.
The answer to everything is not more human rights, more green energy, more third-worldist aid funding and more universalism. Sooner or later we will have to figure out how to survive in a divided world and how to secure resources for our economies. That project is utterly beyond unelected oblivious losers like Ursula von der Leyen, and it is also beyond withered Euro pseudo-statesmen like Chancellor Friedrich Merz.
š https://www.eugyppius.com/p/in-which-trump-makes-the-eu-pay-135?r=9damc
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
⢠Coffee: +127%
⢠Home prices: +60%
⢠Auto insurance: +51%
⢠Gasoline: +49%
⢠Electricity: +44%
⢠Shelter: +35%
⢠Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
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Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.