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Trump’s deal with the EU smashes globalism
The Mercury
|July 31, 2025
THE AFP report on Trump's trade deal with the EU at the weekend omits to note three significant consequences that have resulted from it (The Mercury, July 29).
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Since Trump announced his worldwide tariffs policy on April 2, the talking heads of the globalists and the Left have been predicting total disaster. Former Democrat Treasury Secretary Larry Summers warned of the eruption of an indefinite trade war. In meltdown mode, Joe Scarborough of MSNBC claimed Trump was “directly destroying the stock market in bursts of economic dementia”
Nothing of the sort has happened.
The Dow Jones Index is at record highs. In June alone, the US experienced an inflow of $27 billion earned from ‘Trump’ tariff charges.
Countries have been falling over themselves to negotiate trade deals with the Trump Administration so as to escape the punitive 30% pegging that commences on August 1.
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