Please consider Juncker’s Trade Pitch to Trump: ‘I Can Be Stupid, as Well’.
Once Mr. Juncker entered the Oval Office, it was clear Mr. Trump was in a mood to negotiate, said a senior European Union official who was present.
Mr. Juncker grabbed the opportunity to argue that both sides need to refrain from further punitive tariffs or they would foolishly harm themselves.
“If you want to be stupid,” he told Mr. Trump, “I can be stupid, as well.”
Backing up his points, Mr. Juncker flipped through more than a dozen colorful cue cards with simplified explainers, the senior EU official said. Each card had at most three figures about a specific topic, such as trade in cars or standards for medical devices.
“We knew this wasn’t an academic seminar,” the EU official said. “It had to be very simple.”
In a nutshell, Trump backed down.
My assessment yesterday was accurate: Trump was feeling the heat from Republican senators and all automakers.
For details, please see Trump and Juncker Supposedly Agree to Trade Deal: Lies All Around.
- My lead-in: “Color me skeptical as to how long this lasts and what happens next.”
- Middle quote 1: “It will take the EU and the US a decade to work out a real agreement. Juncker by himself cannot promise anything. All 27 nations in the EU have to ratify trade deals.”
- Middle quote 2: “So, is Juncker lying today or was he lying two days ago? The US is not going to supply the EU with LNG. That is a direct and blatant lie by Trump. The EU will get natural gas from Russia via Nordstream2. US LNG would be far more costly. So there are lies all around.”
- My conclusion: “With 35 companies and organizations bitching about Trump’s inane tariffs, this is best viewed as either a reversal by Trump or a political stunt that accomplishes nothing. Obvious lies aside, it is a good thing to deescalate trade war talk.”