The trade deal between Donald Trump and Ursula von der Leyen, while being the least bad one, is a geopolitical disaster for the EU.
Donald Trump has not treated the traditional allies of the US more favourably than China. This is his fundamental mistake. China is the main player responsible for the major world trade disorders due to its unbalanced model of state capitalism, exclusively export oriented, with massive oversavings and underconsumption, and an excess of investment leading to a structural surplus.
