Infuriating Ingratiation Based on European press reports, the terms of the transatlantic trade deal (see Tariffs as a Tax) are less objectionable than the “humiliation” of “submission” to the U.S. But that is just Europe being its usual “bantie rooster.”  HEC Paris Professor Alberto Alemanno initially characterized the EU’s trade deal with Donald Trump as unnecessary capitulation, the result of European nations failing to stick together and retaliate. Worse, the EU has committed to switching from buying Russian gas to American LNG, and to buying American weapons.  It is all so galling.  Yet, he later acknowledges that part of the problem is of Europe’s own making. Its free ridin...

TAGS – North America, Macroeconomics