Trump threatened an extra 10% tariffs on countries that don't think the US should be taking over Greenland. Who knows what dumb reason he'll come up with next?
Under this regime, the US is eventually going to develop into something similar to Japan under Sakoku - a nonfactor in international trade, due to a self-imposed embargo.
Of course it'll hurt former US trade partners (and the US itself even more!). But it's coming either way, whether we suck up to Americans or not. With that in mind, we might as well just do what we want since the US is for some reason voluntarily giving up power over us.
> Trump threatened an extra 10% tariffs on countries that don't think the US should be taking over Greenland
And that would be a good reason for tearing up a FTA.
It would cost Europeans more, financially, than the tariffs. Probably tip the EU into a recession without significant deficit spending and ECB intervention. But I think it’s the sort of thing that’s geostrategically worth threatening if your population and political structure lets you credibly do so.
(Note: shredding trade deals to the point that IP stops mattering != ratifying the new thing.)
Also having individual EU member states publicly announcing and committing to ratifying the Eu-Canada CETA within a 1 year time frame like they did for the EU-India FTA would be a significant message that also doesn't require shooting oneself in the foot.
States within the EU may also have to make peace with the need to expanding ties with regional powers like Israel, KSA, UAE, Egypt, etc in a strategic instead of tactical framework.
IK the latter is in the pipeline, the former less so due to electoral risks.
Under this regime, the US is eventually going to develop into something similar to Japan under Sakoku - a nonfactor in international trade, due to a self-imposed embargo.
Of course it'll hurt former US trade partners (and the US itself even more!). But it's coming either way, whether we suck up to Americans or not. With that in mind, we might as well just do what we want since the US is for some reason voluntarily giving up power over us.