Comments by "Paul Aiello" (@paul1979uk2000) on "The EU's Trade Deal with Japan: How They Reached a Deal u0026 Was it Successful? - TLDR News" video.

@MrJaaaaake I always find it funny how people see product prices, I lived in the EU and the US over the years and living standards are quite close with the exception of one thing, Europeans are looked after a lot better, especially the poor and middle classes, as for product price, the US has sales tax and yet even with all that, Americans don't get a lot of the benefits we Europeans take for granted, I mean, did you know that calling out an ambulance can cost you anywhere from $500 to $2500 depending in which state you live in, a service that we see as free in Europe and this is the case for so many areas, it's a culture shock when I was in the US in how bad they do some things. So by your logic, because the EU has high energy standards on making good products, you see that as a bad thing? lol, have you ever wondered why energy on a lot of products have gone down a lot over the last 2 decades? that's the EU effect on the world stage and everyone around the world benefits by that. Then you go on about German cars and yet they are rated as some of the best cars in the world, Japan was up there but they've been cheaping out on a lot of the materialise they use, especially on the inside of the cares. I suggest you do your research on many things because you are factually wrong on so many things you are saying.
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@MrJaaaaake Yet the EU doesn't seem to have any issues with exporting of goods even thought the EU has higher standards, that's quality control for ya, it wasn't that long ago that Trump was complaining that the EU exports a lot more than it imports to the EU from the US, product quality and being a big manufacture has those advantages, so basically, the numbers suggest the EU is doing much better on trade terms even thought it's got tougher labour laws, higher cost on products because of VAT and all that, it begs the question, where is the US getting it so wrong on that?
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The irony is that they have a lot in common with each other.
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@iedco4 Well as a Brit, I have my popcorn ready to enjoy the shit show next year, Brexiteers and the Tory government are in for a rude awakening next year. I remember the UK threatening to go tariff free, it would be funny if they did because not only would the UK lose a lot of revenue, but there would be no incentive for any country around the world to give the UK a trade deal as they are getting everything they want out of the UK whiles given them nothing, Brexiteers are dumb and that was just one indicator of that. In the end, I suspect a deal will be reached with the UK and EU but it will likely be favourable for the EU, it might not happen at the end of the year but the EU is fine with that because it's hand is stronger after Brexit but I suspect the UK will want to limit the damage to the UK economy, especially once the hardship of the pandemic kicks in.
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Quality goods are usually expensive but that's another story. As for trade deals, they should take time, these things are complex that cover a lot of areas and should have checks and balances on them from both sides so that it doesn't harm any industries interest. It's easy to sign a bad deal quickly, the trick is signing a good deal and that usually takes time, especially for the deal to be good for both sides..
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@stormtruppen4039 The UK seemed desperate to get a deal that is better than the one the EU got with Japan, Japan put it's foot down and said no to that and for good reason, they don't want to mess up their relations with the EU by giving the UK better term, especially as the US and UK are going off the rails and China is becoming more aggressive, Japan and Canada for that matter needs strong friends around the world and the EU seems to be the only one around, hence why both Canada and Japan speeded up their trade deals with the EU so they are less exposed to the US. The real interesting thing will be if Joe Biden wins, will he try to repair the damage or is it too late, I suspect it's too late but some of the damage could be repaired.
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@perry714. They don't actually, but they do if a country wants better terms than others are willing to give around the world, after all, can you name a single trade deal around the world that offers anything like what the EU offers with the single market and custom union? even some of the better free trade deals are poor in comparison, the EU is able to demand those terms because the deals they offer are a lot better but that is most;y for European countries because for now, they don't offer thoes terms to others around the world, just European countries. The UK is complaining because it doesn't want a standard free trade deal with the EU, it want something closer to what the UK has with the EU now, that is where the deadlock is and why we are going around in circles even thought the UK likes to threaten to walk away but never does, it can't afford too basically.
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@thedave7760 I hope so even thought I can't stand Trump but I do enjoy watching the carnage he does over there, it's like watching the Titanic lol.
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@perry714. If you understand how the EU operates then you'll know what is going on in the EU is quite normal, especially on tough negotiating deals, this has happened countless times and in many cases even worse in the past and yet the EU is still here. You are counting delusions in wanting the EU to fail and not looking at the realities of how it operates, but then people like you were deluded in thinking Brexit was the end of the EU or that the UK would get many countries on side and not a single one did or that the Euro would be dead and buried a long time ago. So ask yourself, why do euroseptics get it so wrong on the EU and have done for decades? Almost everything they say about the EU doesn't come to pass lol.
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@meeau I doubt it matters if he fails or not, the damage is done, at least to the US and even a Bidan government on a world tour to repair ties isn't likely going to reserve what the last 4 years was like, Trump has been a massive wake up call and many countries are shifting focus away from the US because they seem too unstable, too aggressive and reckless, it's part of the reason Japan and Canada speeded up their trade deals with the EU, they want to be less exposed to the US and become more friends with the EU as they seem to be the only big power that hasn't lost the plot yet.
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@perry714. The EU is just humering us in the UK, for all the ranting and raving and threats to walk away, the UK keeps talking, the EU isn't stupid, they know the UK can't afford to walk away hence why they keep talking, the threats are in the hope of getting the EU to back down and offer better terms but the EU sees that and are only offering crumbs. At the end of the day, Brexiteers and the UK government honestly thought these talks were on equal ground lol, they were never, the EU is the one dictating the terms because they are the bigger power, the UK doesn't like that hence all the ranting but it doesn't change that fact, this is why the UK keeps backing down whereas the EU isn't, theres no reason for the EU to change on that because they know the UK needs the EU a lot more than the EU needs the UK, especially now a brain drain is happening in the UK.
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@perry714. Actually you can, the UK could have walked at any time but choose not too, the rest from the UK is to see will the EU blink and give the UK what it wants, that's been the main game of the UK since Brexit started, doesn't seem to be working because every time that blink moment happens, the UK is the one that backs down to what the EU wants, expect more of that near the end of the year. Besides, even if no deal happens, that's not the end of Brexit, the UK will still want a good deal with the EU, the only difference is that the EU will have a stronger hand than it already has with the UK fully out of the EU and on top of that, the pandemic economic hardship is likely to kick in from next year. The next 5 years is going to be very interesting to see.
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@MrJaaaaake If you say so but I know better.
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@meeau Trump can't afford to try and forcibly stay in office, all hell would brake loose if he tried but he will try to rig the election, he's already planting the seed of doubts in Americans minds that it's rigged already, Trump is trying to undermine US democracy and his supporters are helping him on that.
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@iedco4 The only deals I've actually seen from the UK side are role overs of the EU deal we already have and many have already said that is short term to buy time to hammer out another deal, basically, many of those countries are seeing the UK being reckless and pushing Brexit at all cost but those other countries don't want to harm their own interest and want things as they are, so far now, same deals but they will have a stronger hand to negotiate better terms for themselves after Brexit, that's what it looks like they are doing. Basically, it's going to get a lot tougher for the UK after Brexit because all of a sudden, the hand of almost every other countries will become stronger once the UK is out, expect them to take advantage of that by making their own demands on the UK.
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@perry714. The rush is that the UK needs to be seen that it can stand on it's own two feet but signing a trade deal doesn't mean much if it's not a good one or too one sided, the challenge is signing deals that are good deals and that usually takes time and mostly works in favour of the bigger player.
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@thedave7760 The problem is, we really don't know because this pandemic could shift the balance of power in the US depending on what the Democrats do, the Republicans have made such a mess over the last 4 years and especially on this pandemic that if the Democrats play their cards right, they could do massive damage to the Republic Party. Anyway, I suspect the Democrats will want to repair friction in the country and bring people back together, I also suspect they will want to normalize relations around the world and especially with the EU because they are going to need each other with a rising aggressive China.
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@perry714. It doesn't work that way, look at how the UK has done negotiating with the EU over the last few years, they wait till the last possible moment before caving in, they've done it a few times already, they hope the EU will back down at the last moment but the EU never does, at least not in any meaningful way, that puts the UK in a tight bind because like it or not, we need a deal, more so now because of the pandemic. That transition period is just that, just to see if we can get a deal but there is nothing stopping the UK from walking away apart from the damage it would do to the UK, the EU isn't holding the UK to ransom, the UK is choosing to continue to talk and for good reason too. As for the fishing rights, if the EU doesn't have access to British waters than the UK won't have access to EU waters, it goes both ways, more important is that the UK sells most of its fish to the EU market, the EU can get tough on that and make it less appealing to buy from the UK, now I know what you are going to say, you'll sell to others, good luck on that because most established markets like the US won't want the UK muscling in and most other countries are poorer ones so you won't be able to ask for the same price, the EU is the logical market to sell too and that gives the EU clout in that area, in the end, I suspect both the EU and UK will have access to each other's waters on more or less the same term we have now once the bluster ends. You do realize that even without a trade deal, the EU is still going to be by far the UK's biggest trading partner, it just means UK consumers are paying more for those same goods whereas the EU companies will cut the UK out of the supple chain because they can, the EU market is big enough that they can source from other areas internally without having to worry about tariffs and red tape, the UK market isn't big enough so they have to depend on others, that's where the EU knows they have us and are holding all the cards. At the end of the day, the UK had a very good deal in the EU with so many op-outs and still wasn't happy about it and wanted more, it's just pure arrogance from the British side, I'm very happy that the UK lost all of that.
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@perry714. The EU have already said the UK can have a standard trade deal like others have around the world, the problem is that the UK wants a lot more than that because a standard trade deal would be quite damaging to the UK compared to what we have in the EU at the moment, that is where the real hold up is, the UK wanting a special deal, much better than a free trade deal but the EU is saying no unless the UK abides by its rules, there is no force here, it's the UK that's got its self in a bind by promising the British people something they can't deliver.
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Alfa&Omega 00000 I think the UK trade with the EU accounts to about 14% whereas for the EU, the UK trade with the EU is close to 50%, the can afford to take that hit a lot more than the UK can, especially because of economy of scale, EU companies can source things from others in the EU market, the UK isn't big enough to be able to do that effectively, worse yet is that the EU still has all it's trade deal and bilateral deals around the world, the UK doesn't next year, this is why the EU is holding all the cards and why the UK needs to keep blustering it's way through with threats that mean nothing to the EU, the UK has little leverage and they know it, hence the aggressive attitude.
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@SimulationEvolve I can't say what the Japanese think of the EU but that is irrelevant, what matters is that the geo-political situation is changing around the world, the US is becoming more unstable, less reliable and more aggressive, the UK has lost the plot, China is on a power trip, the EU looks to be the only big power that isn't losing it's cool, any wonder why Japan and Canada speeded up it's talks with the EU on those free trade deals? They want to be less exposed to the US and are trying to make friends around the world, the EU is a logical choice considering the size of the economy. That's also bad news for the UK that countries are thinking like that because it also likely means they won't give the UK better terms than they can to the EU because they don't want to get on the wrong side of the EU and don't want the EU to re-open trade talks to get better terms out of them, in the end, they value the EU a lot more than they value the UK.
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@meeau Another 4 years of Trump would do a lot more damage to the US then what some think, think about it, have you ever wondered why China is going easy on the US for now? from there point of view, they don't need to get tough with the US when an election is so close as that can change a lot, if Trump was to win it, China will likely get a lot tougher on the US. Then we have Canada and Japan, since Trump got into power, both countries speeded up their trade deal with the EU, they clearly want to be less exposed to the US and are looking for other friends, the EU being an easy option, if two of the most loyal countries are pulling away from the US then the US is in trouble. Then we have the UK which doesn't seem to know what it wants and even they seem to be distancing themselves from the US which is a surprise considering the UK will need the US more than every after leaving the EU with Brexit next year. Then we have the EU, Trump seems to be going out of his way to push Europeans away from Americans, the sad thing is, Trump is weakening the west and making it easy for China to take more power, the EU and US really need to get closer together with an aggressive China on the rise because honestly, I don't think either are powerful enough to take on China with how quickly they are rising but both together would stand a chance as they would likely get a lot of other countries onboard. If Biden wins and tries to repair ties around the world, especially with the EU and tries to calm things down with China, then the US might be alright but if they are still hostile, a new Cold War could start with the US and China and it's looking more like the Europeans and many others will stay out of it and let the two fight it out, that would be a lot more costly for the US.
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@thedave7760 The irony being is that is what the Republicans have been doing the last few years lol. As for if Trump wins, who really cares, I'm European so it matters little to me but going on what I'm seeing, it looks favourable for Biden to win, besides, think of the message that would send to the rest of the world if Trump wins again, people can be forgiven for doing a mistake once, do it again and a lot of the world will turn away from the US at a time the US can't afford with its new Cold War building with China, we are already seeing signs of that already, especially from the Europeans, Canada and Japan, even the UK seems colder on US relations then they usually are. Basically, the US can't afford another Trump victory as that would likely change a lot of the geo-political alliances around the world, some of which is already happening and not favourable for US interest. Beside, it doesn't look like Trump will win, all the indicators are showing that Biden could win by a landslide, the real question is, if you was a Democrat, would you actually want to win with the mess the Republicans have made, it's going to take years to repair that damage and the Democrats will likely get the blame for the mess the Republicans have made, it might be better for the Democrats to lose so that the Republicans own this mess, that would do a lot more longer term damage to them. Dave, let him beleave in what he wants, many people do like their own delusions in how they want to see things go but truth be told, things look really bad for Trump and a clear indicator of that is him wanting to put the elections on hold, the only reason he would want to do that is because he suspects he's got little chance of winning, in any case, all the indicators from too many different sources are suggesting Biden will win and by quite a margin, hence the panic from Trump.
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@perry714. That's because the UK wants terms with the EU that are close to what the UK has whiles in the EU, the EU is willing to give that with a lot of strings attached. If the UK wants a basic trade deal with fewer strings attached than they can have that as well but clearly the UK doesn't want that as that would be damaging to the UK economy compared to the deal we currently enjoy with the EU, that is where the real hold up is, the UK wanting more than the EU is willing to give unless the UK bends. Also, I think you are forgetting the way this game is played, the EU holds all the cards in these talks, they can dictate whatever terms they want, they don't even have to offer the UK a Canada like deal and probably won't because of the close proximately of the EU and UK so that deal wouldn't work because of the amount of trade between the two. You might not like it but bigger powers always dictate the terms in these talks, now it's just up to the UK to accept those terms or walk away but it's not only going to be the EU that plays hard ball, the US and many others will on the UK too, especially after Brexit as the UK will have a weaker hand against them all. I know it's not fair but hey, what is in life? Bigger economies have the market and the clout, that gives them more of a say in dictating what they want, the UK best get used to that because others are going to do the same to the UK, the US being one of the clear ones that are already starting tough on the UK.
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@EvenWaysMusic No lol, for one talks between the EU and Japan have only been going on for about 6 or 7 years and two, the deal the UK got is basically a role over of the EU deal and it looks like it's temporary because of lack of time, in other words, Japan intends to renegotiate that deal with the UK after Brexit once there is enough time, chances are, Japan knows they can get better terms out of the UK at the UK's expense but for now, time is short so they are using the EU trade deal.
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@EvenWaysMusic Considering the impact free trade deals have on both sides of the economy and rule changes that are needed, those deals should take some time to do so that it doesn't harm any industry or sectors of the economy, it's easy to rush through a deal but that doesn't mean it's a good deal or it likely means it's a very one sided deal. The UK-Japan deal is more or less the EU deal, the moment the UK tried to do it's own thing, Japan put a stop to it and likely did because they don't want to get on the wrong side of the EU, in other words, they don't want to give the UK a better deal than the one the EU has as that might open up the free trade deal they have with the EU in the EU wanting more concessions from Japan, Japan is simple rolling over the existing deal because of lack of time but after Brexit, they intend to renegotiate it in their favour because their hand will be stronger than the UK, that's how economic clout works, the UK after Brexit is a weaker player and many will take advantage of that. At the end of the day, the likes of Japan and Canada value the EU a lot more than they do the UK simple because it's a much bigger market and more importantly, the EU, Canada and Japan are a lot closer in a lot of policy areas than where the UK is heading with Brexit.
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Galactic Minds Really and how is it more comprehensive than the deal the EU got? The moment the UK tried to get more out of the deal, Japan put it's foot down. This deal is basiclly the EU deal rolled over because there isn't enough time to sort things out with the limited time left, Japan has already said they will renegotiate the deal at a later day, likely with the intention of getting better terms out of the UK because they know the moment the UK is out of the EU, the UK will be weaker and Japan will have a stronger hand. But in any case, where is this comprehensive deal that's supposed to be better than the one the EU got? and more importantly, why is none of the media reporting on any of this, you would think they'll be shouting from the rooftops if it was a good deal, the truth is, the deal you think it is is just in your mind. So who's laughing, well first japan is laughing and second the EU is laughing.
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