EU ditching American markets for BRICS , the Proletarian Internationalist Political Economic Alliance

EU Is Ditching U.S. Markets For BRICS As U.S. Stocks Get SHAKEN Despite Major... 3,444 views 22 min ago ...more Sean Foo 235K Subscribe <


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increasing. In June, EU exports to the 7:38 US collapsed by a big 10%. And it's 7:42 saying something because Europe is the 7:43 biggest trading partner to the US. 7:46 Trump's turf war is benefiting his 7:48 adversaries much more than his allies. 7:51 And it's going to get worse as Trump 7:52 moves ahead with his pharmaceutical 7:54 terrorists. Europe is a major export of 7:57 medicine to the US. So another hammer is 7:59 going to drop on their farmer sector.


necessary to position yourself where 9:22 trade is going to grow. Europe is now 9:25 positioning themselves to pivot towards 9:28 breaks. Now Europe and Indonesia which 9:30 is part of BRICS has secured a trade 9:33 deal that removes tariffs on most goods. So Europe can buy stuff from Indonesia 9:38 tariff-free while Indonesia can import 9:41 goods from the EU without imposing any 9:43 taxes. Now the deal will come into taxes. Now the deal will come into 9:45 effect in January 2027 and we'll save 9:49 the EU exporters 600 million e at the 9:52 lease. Now the deal is just the tip of 9:54 the iceberg and we need to view 9:56 Indonesia as a gateway to greater 9:58 breaks. Europe today obviously can't 10:01 trade directly with Russia. The EU also 10:03 has big tariffs against China. Trying to 10:06 tear down trade barriers with Beijing


EU, Indonesia Seal Zero-Tariff Trade Deal for Nearly All Goods < Transcript :X <


crisis, will also drop from 30% down to 10:42 zero. Agriculture and food products will 10:45 also benefit down the road.


But we need to see the layup Europe is trying to do. 10:50 The future of exporting to the US is doomed. At the same time, their cost of production is so high trying to export to China is also a problem.


Now, one can imagine the EU starting to outsource their factories, their production, and even build new plants in Indonesia.<


11:08 Bricks is the future. Building your 1 industrial base there makes sense. You'll get unrestricted access to Chinese inputs and cheap Russian energy. So don't be surprised if one day you see EU factories popping up in VW is already planning to spend $5 billion building an EV ecosystem in a country and a plan is to lower their 11:31 cost of production substantially and you can't possibly do it in energy 7 11:36 countries today. Now, besides access to raw materials and energy, Europe needs 11:41 to sell to a growing market. Concentrating on the US is a poor strategy. The tariff war is going to