As Washington and Beijing negotiate, US and Taiwan chip giants are paying the price via export tax, a potential state takeover and tariffs
Donald Trump is demanding his cut in every deal. This is true with both the shooting war in Ukraine and the trade war with China.
In his lopsided trade deal with the European Union, the US president has boasted that the bloc will be required to buy “vast amounts” of American weapons worth “hundreds of billions”. Even before the deal, Vice-President J.D. Vance declared that if Europe wanted to continue the war in Ukraine, they would have to pay for it by buying US weapons.
Brussels has denied that it is required to do so under the new deal, but there is no doubt it will end up buying a lot more from the US weapons industry, that is, whether it continues the war in Ukraine and/or rearms Europe against Russia.
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