The EU-US transatlantic partnership is the most significant bilateral trade and investment relationship in the world.

The EU-US deal restores stability and predictability for citizens and businesses on both sides of the Atlantic.

Here's what it means - https://europa.eu/!vFrJwc

Reminder: Trump announced his China tariffs on April 10th.

It takes 30 days for a container ship from Shenzhen to arrive on the US west coast, 45 days to the east coast.

The supply chain shock will therefore really get started around May 10th and intensify through the month, reaching its peak around the beginning of June, as factories fall idle, warehouses empty, truckers are laid off, and supermarket shelves become barren …

So China won't budge before the 10th.

Why would they?

Imagine this was 1944, and the Allies were slowly but surely starting to defeat the Nazis; but then in the middle of the complex war, a new US president came into power, and he suggested that Europe should now achieve peace by letting Hitler keep France, Belgium, The Netherlands, Denmark, and Poland.

We Europeans would laugh at that president. Just like we are laughing at Trump right now, for suggesting we should let the modern day Hitler keep Crimea, Kherson, Zaporitzjzja, Donetsk and Luhansk.