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AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
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In the Trump-dominated global economy, the U.S. gets plenty but gives nothing in return.
Why it matters: This is the reality of the asymmetric trade deals touted by the White House, which show how far foreign leaders will go to safeguard access to the U.S. market.
Say that was Trump's and Bessent's guiding principle, wasn't it?
Which the "experts" claimed was false?
The big picture: Trump announced agreements with Europe and Japan in which both agreed to drop their tariff rates to zero, promised eye-popping investments in the U.S., and opened markets to American producers.
In return, those countries get some assurance on their tariff rate -- both 15%, and both of which could have been worse -- even if it puts their industries at a disadvantage.
What they're saying: "Both Tokyo and Brussels apparently viewed the price of a 15% tariff worth paying in light of the alternative of higher tariffs, uncertainty and counter-retaliation," Wendy Cutler, former acting U.S. trade representative under Obama, tells Axios.
The White House said that smaller nations -- including Vietnam, the Philippines, and Indonesia -- would also lower their tariffs and open markets to U.S. producers.
...
Von der Leyen did not say what the U.S. conceded in the agreement when asked by a reporter.
"I think we hit exactly the point we wanted to find -- rebalance but enable trade on both sides," von der Leyen said in response to the question.
The word "re-balance" means that she agrees that trade was out-of-balance before.
CNN also admits Trump won:
🚨 In an absolutely jaw-dropping moment, CNN has been forced to admit it: Trump's tariffs worked. The experts were wrong. The EU deal is amazing.
We tried to warn them.
When you lose CNN...
"This is the biggest trade deal in President Trump's effort to effectively reshape the… pic.twitter.com/mGkqATXge7