Soyprise Soyprise

Just when you thought they soyrendered… The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects.

Soy

U.S. President Donald Trump and Jean-Claude Juncker, president of the European Commission, the EU’s executive body, struck a surprise deal on Wednesday that ended the risk of an immediate trade war between the two powers.

After the talks, Trump highlighted benefits for U.S. farmers. “The European Union is going to start, almost immediately, to buy a lot of soybeans,” he told reporters.

Kloeckner, speaking to Reuters on the sidelines of a G20 meeting in Buenos Aires, said the amount of soy Europe will import is yet to be determined.

“Will we be able to do whatever President Trump wishes for? I don’t know. Let’s see whether this will be the case or not,” she said.

Soy its back to the drawing board, folks. We’ve got another European insoyrection on our hands. Yup, another resoygence of European protectionism. But if they want a trade war then their destruction is assoyed. We’ll see who has the better chance of soyvival.

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“Explosive Narcissism And Vulgar Capitalism”

Are bad things, I guess. What the people over at Spiegel Online really want is vulgar narcissism and explosive capitalism, I assume.

Trump

I could only read a paragraph or two of this little gem because… I dunno. Try reading it yourself and see. But the just of it is, I believe, that Donald Trump is really, really bad and it’s high time for Europe to start doing more for itself. Knock yourself out on that one, folks.

More than half of Germans think Europe can defend itself without military backing from the United States, a poll showed on Monday, less than two weeks after U.S. President Donald Trump said he could withdraw support.

Germans Outraged That Trump Would Not Go To War For Montenegro

The Germans certainly would.

Trump

Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha.

These people kill me sometimes. Figuratively speaking.

Montenegro, a former Yugoslav republic with a population of about 630,000, joined NATO last year, becoming is 29th member. Its military only numbers about 2,000 personnel.

The only time Article 5 was ever invoked was by America after the September 11, 2001 terror attacks conducted by al-Qaeda.

Für ein kleines Land wie Montenegro in den Krieg ziehen? Donald Trump hat in einem Interview Zweifel an der Bündnistreue der USA innerhalb der Nato gesät. Der US-Präsident machte eine vielsagende Andeutung.

Germans Not Only Fear Donald Trump More Than Vlad Putin

According to an unreleased secret poll yet in my possession…

Trump

Over ninety-seven percent of Germans asked also fear Donald Trump more than Joseph Stalin, Caligula, Jack the Ripper, Freddy Krueger, Jaws (does he, like, actually have a name?) and Chuck Norris. Combined. To name just a few.

The United States may be Germany’s No. 1 ally, but two-thirds of Germans think that the US president is more dangerous than his Russian counterpart. That’s not surprising when you look at Germany’s political priorities.

“Vor einem US-Präsidenten Donald Trump habe ich definitiv mehr Angst als vor Putin.”

German Of The Day: Zusage

That means pledge – like the one Germany just made (increase in defense spending to 2% by 2024 instead of 2028 or 2030).

Zusage

President Donald Trump appeared to declare victory on Thursday in his battle with America’s closest allies to get them to contribute more money to the NATO alliance. Mr. Trump acknowledged that he had taken a tough stance with his European counterparts, demanding they contribute more of their national budgets to defense and saying after Thursday’s meetings, “they upped their commitments and I am very happy…”  

Under fire for his warm embrace of Russia’s Vladimir Putin, Mr. Trump on Wednesday turned a harsh spotlight on Germany’s own ties to Russia, alleging that a natural gas pipeline venture with Moscow has left Angela Merkel’s government “totally controlled” and “captive” to Russia.

Auch Deutschland habe große Zusagen gemacht – das Zwei-Prozent-Ziel solle nun wesentlich früher erreicht werden als ursprünglich geplant – laut Trump nicht erst 2028 oder 2030, sondern schon 2024.

German Of The Day: Gefangener

That means prisoner or captive. You know, as in “Germany is a captive of Russia.”

Yeah. A captive who finally got caught.

Germany

“It pays billions and billions of dollars to Russia for energy. Germany is a rich country. Why should the U.S. protect you against Russia when the two countries are making deals? You tell me, is that appropriate?”

Deutschland ist ein Gefangener Russlands.

When Had We Left The Jungle?

I wasn’t aware that we had.

Jungle

WTO Faces Existential Threat in Times of Trump -U.S. President Donald Trump has set his sights squarely on the World Trade Organization in Geneva. Even its critics are worried that without the organization, the world of trade would revert to the law of the jungle.

The U.S. and other industrialized nations made several concessions to developing economies when the WTO was founded in 1995 and significantly reduced their tariffs. In return, they were able to push through stronger protections for intellectual property. They hoped that the strategy would help slow China’s rise.

But from the U.S. perspective, the system has not been beneficial. And once China joined the WTO in 2001, that dissatisfaction only grew, partly because the Chinese proved adept at taking advantage of the rules. Even today, there is significant dissent within the WTO because the economic superpower China is still classified as a “developing nation” by the organization, which gives it certain privileges. On the other hand, China is fighting for recognition as a market economy, to which both the U.S. and the European Union are opposed because it would mean they could no longer defend themselves against state-subsidized Chinese exports with anti-dumping duties.

On top of all that, the WTO is facing a more fundamental problem: its size and its sluggishness. Negotiating rounds focused on removing tariffs have become increasingly complex. And because everything is up for negotiation at the same time, every member state can paralyze the process by simply exercising its veto. The Doha Round, launched in 2001, is a perfect example: It never achieved any results and has become symbolic of the WTO’s failure.

“The problems are coming from the behavior of a single country that would like to return to the jungle.”

German Of The Day: Nicht Mehr Tragbar

That means no longer tenable or sustainable.

NATO

As in “The United States continues to devote more resources to the defense of Europe when the Continent’s economy, including Germany’s, are doing well and security challenges abound. This is no longer sustainable for us.”

Donald Trump has reportedly sent sharply worded letters to several Nato member countries, urging them to spend more on their self-defence, in an escalation of the US president’s long-standing feud with the military alliance…

The Nato allies agreed in 2014 to spend more on their own national defence, aiming to eventually contribute two per cent of their GDP to the effort. Many members countries say they are still working towards that goal, and are frustrated by Mr Trump’s threats.

“Die Vereinigten Staaten geben nach wie vor mehr Mittel für die Verteidigung Europas aus, während es der Wirtschaft des Kontinents, einschließlich Deutschlands, gutgeht und die Sicherheitsherausforderungen vielfältig sind. Das ist für uns nicht mehr tragbar.”

PS: Happy 4th of July!

Trump Responsible For Germany’s Weakening Economy

What a jerk.

Trump

Worse still, he tweets awful things about German officials and the increased crime rate they have brought to their country due to the influx of migrants.

Migrants

Worserer still, he’s also the reason why Germany will be missing its CO2 emissions target for 2020.

Emissions

And worstest of all, he is personally responsible for Germany’s loss to Mexico in the World Cup.

Mexico

And all of this on a Tuesday? They should rename it Trumpday.

Die deutsche Wirtschaft schwächelt, das stellen führende Wirtschaftsforschungsinstitute fest. Schuld ist demnach auch die Politik von US-Präsident Donald Trump.

German State TV Has Questions

When it comes to today’s Trump-Kim event. And the answers are already written between the lines – by the fact that these particular questions were even asked in the first place.

Trump

Was the Trump-Kim meeting successful?

Is the closing statement really such a breakthrough?

Who benefits from the agreement?

Why wasn’t denuclearization made contractual?

Are there also losers?

Damn right there are losers. Anybody who voluntarily watches German state TV, for instance.

“Großartig“ und “historisch”. Doch die kamen vor allem vom US-Präsidenten selbst. Ein wichtiges Ziel des Gipfels wurde nicht konkret vereinbart.