The U.S.-E.U. Trade Deal: Too Awful To Be True

Last week, after months of tough talk from Donald Trump, the Trump administration and the European Commission announced a new ‘trade deal’ between the United States and the European Union. Within days, however, conflicting accounts emerged about the key terms of the deal. The Trump administration claims, for example, that the EU will invest $600 billion in the United States, but the European Commission says it lacks the authority to make any such commitment on behalf of European corporations. So who is telling the truth? Moreover, if the Trump administration is being honest, then just how bad is this trade deal for Europe?

Dimitri Lascaris explores these questions with Professor Costas Lapavitsas and also discusses NATO’s recent announcement of a drastic increase in military spending by its member states, and the sharp decline in China’s holdings of U.S. treasuries.

This video was produced by Reason2Resist and published on their YouTube channel on the 31st of July, 2025. We have translated it into German and are republishing it today to help build opinion on this issue in Germany and beyond.

To read the transcript of the interview: The U.S.-E.U. Trade Deal: Too Awful To Be True

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VIDEO:  The U.S.-E.U. Trade Deal: Too Awful To Be True

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ABOUT DIMITRI LASCARIS

Dimitri Lascaris is a journalist and lawyer. As a lawyer, he specializes in class action litigation, international law and human rights. He was a member of the shadow cabinets of the Green Parties of Canada and Quebec. In 2020, he ran for the leadership of the Green Party of Canada and came in second. He is also the founder and editor of the YouTube channel Reasons 2 Resists with Dimitri Lascaris.

ABOUT COSTAS LAPAVITSAS

Costas Lapavitsas is Professor of Economics at SOAS, University of London. He researches the political economy of money and finance, the financialisation of contemporary economies, and the economics of the European Union. He has published widely and writes for the UK and the international press. His latest book is “The State of Capitalism”, Verso, 2023.