President Donald Trump on Sunday touted a new trade agreement with the European Union as “the biggest deal ever reached in any capacity,” but critics, however, are questioning the substance behind the headlines.
What Happened: On Tuesday, Ed Elson, co-host of the Prof G Markets podcast, questioned Trump’s claims, saying that “this was once again a framework of a deal,” which means, he says, everything that Trump has been touting over the past week “is subject to change.”
“This is a recurring theme in Trumpland,” he says, something that has consistently not worked, citing examples such as the $200 billion commitment from China, “which never actually materialized,” or the $600 billion investment from Saudi Arabia.