'Resignations seem likely': Economist predicts investigation of Trump's $600 billion fail [View all]
President Donald Trump's administration has published the terms of the trade deal with the European Union, but some of the promises Trump claimed were coming didn't materialize after all, according to one economics expert.
University of Michigan economics and public policy professor Justin Wolfers wrote on X that after perusing the deal, he discovered Trump's promise of $600 billion being sent to the U.S. from the E.U. isn't on the list.
"The most important thing is what's not there. Trump had boasted, 'They gave me $600 billion, and that’s a gift.' But guess what? They didn't. He didn't get a penny," wrote Wolfers. "Bottom line: The final text of the EU-US trade deal delivers $5,000 less to the average American household than the handshake agreement Trump boasted of on August 5."
"I expect there will be soul-searching, an investigation, and recriminations, as the White House explores how its negotiators fell $600 billion short of the deal the president thought he had struck. Resignations seem likely, and a re-think of the entire deal-making apparatus," Wolfers added.
https://www.msn.com/en-us/money/markets/resignations-seem-likely-economist-predicts-investigation-of-trump-s-600-billion-fail/ar-AA1KXMTt
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