Summary
European officials are preparing a multibillion-dollar defense package to bolster regional security and support Ukraine, announced by German Foreign Minister Annalena Baerbock at the Munich Security Conference.
The package, potentially valued up to 700 billion euros, will fund military training, arms deliveries, and security guarantees amid concerns over Russian aggression and diminishing U.S. contributions to NATO.
The move follows calls for Europe to boost its own defense spending while U.S.-Russian talks, which exclude Ukraine and Europe, on ending the Ukraine conflict continue.
Well, there are some in the EU who are hoping to bargain with Trump so that we reduce our import taxes on American cars (US has them at 2.5%, we have them at 10%, so we’ve been doing exactly what Trump is trying to do, at a smaller scale), buy more weaponry from them and as the US ramps up its’ gas production, we could buy more of that from them as well - if Trump in return does not put 25% tariffs on everything made in the EU.
It’s not a bad deal for either side, really, though it sorta defers the whole making more of our own weaponry part of trying to be more independent of the US. And I’m sure both the automakers and MIC would do what’s in their power to persuade Trump to take it.
Please factor in Putin. The EU is under a two prong attack from the USA and Russia and any reasonable or fair deals will be ignored. When you examine the US auto manufacturers, they have nothing to offer for the majority of consumers in the EU. We could apply 0% tariffs to US manufactured automobiles and they would end up sitting at the dealerships.
Yeah, they’ve shot themselves entirely in the foot. Used to be every other car was a Ford Sierra, then later Ford Mondeo… Opel was pretty big, but GM sold them so now it’s a Stellantis brand and Stellantis is more French/Italian than American…
Still, there’s market for muscle cars and trucks. And Teslas in recent history, but probably no longer.