The U.S.-E.U. Trade Deal: Too Awful To Be True

Last week, after months of tough talk from Donald Trump, the Trump administration and the European Commission announced a new ‘trade deal’ between the United States and the European Union.

Within days, however, conflicting accounts emerged about the key terms of the deal.

The Trump administration claims, for example, that the EU will invest $600 billion in the United States, but the European Commission says it lacks the authority to make any such commitment on behalf of European corporations.

So who is telling the truth?

Moreover, if the Trump administration is being honest, then just how bad is this trade deal for Europe?

Dimitri Lascaris explores these questions with Professor Costas Lapavitsas of the University of London. Professor Lapavitsas is an economist who formerly served as a member of the Greek Parliament.

Dimitri and Professor Lapavitsas also discuss NATO’s recent announcement of a drastic increase in military spending by its member states, and the sharp decline in China’s holdings of U.S. treasuries.

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