2 ms·
Different countries have different considerations. Most of these "deals" aren't deals and rather frameworks. And given the tumultuous nature of bilateral trade
by thisisit 1y ago
Different countries have different considerations.
Most of these "deals" aren't deals and rather frameworks. And given the tumultuous nature of bilateral trade where countries might not follow on their promises. Happens all the time and countries end up arguing at the WTO. So, it is hard to say whether Europe or Japan "blinked". Given the timing of the European deal it might be to help Trump so that he does not have egg on his face for not having 200 deals by 1st August.
India wants to cozy up to US and was one of the first countries to start trade negotiation. Trump-Modi dynamic has been good. The sticking point is agriculture and dairy. Both countries subsidize agriculture and diary. And in both countries farmers form a big chunk of politically aware voters. For the Indian government it is political suicide to even nod along like Japan and Europe. But if you hear Trump he keeps saying it is about Russian oil.
Brazil might have the same issue. Historically, US was the largest soyabeans exporter. But last time Trump got into a trade war with China, the country has moved away from US exports and started buying from China. So, again even the appearance of a deal might be problematic for the government.
And reading this side by side, maybe US farmers are not that economically aware?