July 27 2025
No newsletter Monday-Thursday; US-EU trade deal
There will be no US newsletter Monday through Thursday this week.
US and EU sign massive trade pact
The EU will pay 15% tariffs to sell into the US market while the US will pay nothing to sell into the EU market.
This quote from the FT caught my eye:
There is no hiding the fact the EU was rolled over by the Trump juggernaut, said one ambassador. “Trump worked out exactly where our pain threshold is.”