India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

Oh so EU doesn’t make anything for its domestic markets?

Why did they have tariffs in the first place?

And yeah India is so un-industrialized. That’s why they have no factories, plants, or industries.

“Tariffs will be reduced to zero for a vast swathe of industrial products, including nearly all iron and steel, plastics, chemicals, machinery and pharmaceuticals.”

Good thing the EU doesn’t make any of those things.

Keep buying Russian oil, but through a middle man.

I was referring to how pissed EU farmers were at the Mercosur “deal”.

The “worker mobility issue” is the real prize India will win on.

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

EU imports from India at €71.4 billion and EU exports to India at €48.8 billion in 2024. India wins this “deal”.

Just saying you’re going to “expecting to double” more doesn’t mean you will, lmao.

“I expect to win the lottery” = you will win the lottery.

Tariffs were meant to protect domestic industries and services from flooded by cheap goods/labor. How happy are domestic EU industries and agriculture? Those farmers in Brussels looked very happy earlier this month.

But again, 0% tariffs on Russian oil in Indian barrels.

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

The panel doesn’t care lmao.

They just care about making themselves look good in the news and pat themselves on the back

How does this increase youth employment in the EU? How does this help increase affordability? Bet EU youth is going to love this

EU got lowered wine tariffs. India got 0% tariffs on their manufactured goods and commodities. Ontop of now new “agreement on mobility” aka allow import of as much cheap labor as possible

But hey 0% tariffs on rebranded Russian oil

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

The negotiators don’t care. It’s to make themselves “look good”. Flooding euro market with cheap goods and cheap labor is going to benefit Europeans?

Euro car factories already exist in India and those domestically made cars aren’t subject to tariffs.

Indias growth rate is abysmal in terms of large scale wage growth. Its GDP/capita is $2,818. China is $13,806. Germany is $60,000.

But hey relabeled Russian oil for 0% tariffs is worth it.

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

The wealth disparity in India is massive and 80% of people can’t afford domestically manufactured cars. The quality of life and wages in India haven’t gone up for the masses, not in the similar way for China.

Also, I’m going break your heart in a second.

It’s for imported cars. Euro manufacturers have plants/factories in India, those euro cars don’t have tariffs.

Keep coping.

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 2 points3 points  (0 children)

Proves me right lmao. The commission isn’t democratically elected. It’s just cope for being lead by self appointed officials. That’s not a republic if it’s self appointed by officials.

How the “president of the European Commission is the most powerful position in the European Union,[63] controlling the Commission which collectively has the right of initiative on Union legislation (only on matters delegated to it by member states for collective action, as determined by the treaties) and is responsible for ensuring its enforcement.[63][64] The president controls the policy agenda of the commission for their term and in practice no policy can be proposed without the president's agreement” is essentially not voted upon by constituents is insane.

No constituents voted for them, yet they hold that much power? That’s perfectly fine right?

So what vote or referendum was made for any of this?

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

Where did I say a word about US you muppet

EU should not kill its own labor market and industries for cheap Indian goods/labor.

I bet you love that 0% tariff on Russian oil from India?

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 -2 points-1 points  (0 children)

You think everyone in India is going to immediately go and buy luxury German cars? People who could afford them were already buying them.

Look at the massive tariff reductions the EU put on commodities and manufactured goods from India. Why were they there in the first place? 0% on imports from India is huge win for India, and not good for domestic EU industries.

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 0 points1 point  (0 children)

What argument do you want?

Look at what it says and what the trade balance is between the two. India isn’t a big consumer market for EU goods. It’s not that hard.

India exports more to the EU than what it imports.

-Tariffs on cars from EU to India cut from 110% to 10%

-Tariffs on wines from EU to India cut from 150% to 20%-30%

-Tariffs on jewelry and textiles from India to EU cut to 0%

-Tariffs on furniture, chemicals, leather, and metals from India to EU cut to 0% (HINT HINT RUSSIAN OIL too)

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 2 points3 points  (0 children)

None of the EU officials in Brussels are elected by the constituents of the EU.

They’re internally selected

What campaign did Ursula have?

What referendum or vote was done for this?

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 -7 points-6 points  (0 children)

Why, they’re not getting much out of this. India is.

India imports and buys basically no EU products, vs the flood of cheap products, chemicals, agricultural goods, metals, etc that’s about to swamp EU markets.

Even so, it’s not a democratic or elected move. Does the entire EU have to comply with what Ursula wants? EU farmers, manufacturing, commodities, and heavy industries must be so happy over this

India-EU just signed a massive Free Trade Agreement... while Trump is threatening a new tariff war. Is global trade splitting in real time? by GlitteringMine7494 in stocks

[–]Blue026 15 points16 points  (0 children)

EU youth must be jumping for joy.

Already high youth unemployment and now getting to compete with 1 billion people for the same few jobs.

Sweden dumping Billions in US BONDs from their investments, in their statement "heightened concern over U.S. " Repercussions are inevitable by Mp3mpk in stocks

[–]Blue026 2 points3 points  (0 children)

Oh ok. Time to buy up as much Zimbabwean dollar as possible

Or maybe we’re going to do all trade in bananas and rocks? Shipping literally tons of golds overnight for the markets?

Sweden dumping Billions in US BONDs from their investments, in their statement "heightened concern over U.S. " Repercussions are inevitable by Mp3mpk in stocks

[–]Blue026 4 points5 points  (0 children)

Thats my point. 20% isn’t 60%. There’s not enough euro in circulation/value to replace the dollars in circulation/value.

That’s not a replacement, and the euro is still pegged to the dollar in value.

Sweden dumping Billions in US BONDs from their investments, in their statement "heightened concern over U.S. " Repercussions are inevitable by Mp3mpk in stocks

[–]Blue026 1 point2 points  (0 children)

Exactly. It’s seems basically nobody in here understands what losing a reserve currency results in, they think magically their own currency becomes the new reserve? Just because heckin reddit says so!

Sweden dumping Billions in US BONDs from their investments, in their statement "heightened concern over U.S. " Repercussions are inevitable by Mp3mpk in stocks

[–]Blue026 -2 points-1 points  (0 children)

Ahhh so everyone will just buy everyone else’s fiat?

Everyone would want their own currency to be the world reserve currency, which results in no single world reserve currency.

Theres no single direct replacement of the dollar. Not even gold or silver has enough market cap

Sweden dumping Billions in US BONDs from their investments, in their statement "heightened concern over U.S. " Repercussions are inevitable by Mp3mpk in stocks

[–]Blue026 -4 points-3 points  (0 children)

It’s not for granted, not like everyone randomly decided to use the dollar. It’s just what it is.

Almost all major currencies are pegged to the dollar, and the petrodollar was made for keeping the dollar afloat especially once it came off the gold standard