The Daily Blast: Paul Krugman Brutally Wrecks Trump’s Europe Deal: “Scam on His Voters”

The DSR Network

Chris Cotnoir

Government

4.5 • 1.7K Ratings

🗓️ 30 July 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

You’ve probably heard that President Trump and the European Union have reached a big trade deal. This is being widely portrayed as a “win” for Trump and a big humiliation for the EU. But it’s not at all clear what we gain as a country from this deal. Surely the phrase “Trump won” has to mean more than, “Trump gets to claim a personal victory and the media is required to play along,” right? We talked to economist Paul Krugman, who has a great new piece on his Substack casting a lot of much-needed skepticism on the deal. Krugman explains in extensive detail what a sham it is: He argues that Europe’s concessions are fake, that the deal won’t spur a lot more manufacturing in the U.S., and that its burden will fall heavily on MAGA, making it a “scam on his voters.” Krugman also discusses why the media seems incapable of reporting clearly and accurately on the magnitude of Trump’s incompetence and delusions. Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:46.4	This This is the Daily Blast from the New Republic, produced and presented by the DSR Network.
0:48.7	I'm your host, Greg Sargent. You've probably heard that President Trump and the European Union have reached a big trade deal.
1:02.8	This is being widely portrayed as a win for Trump and a big humiliation for the EU.
1:08.9	But we think the claim that Trump won is just bizarre. First, the details
1:14.0	of the deal themselves cast some doubt on this idea. And second, it's not at all clear what we gain
1:20.2	as a country from this deal, particularly in the long run. Surely the phrase Trump won has to mean
1:27.0	more than Trump gets to claim a victory and the media plays along, right?
1:32.8	Well, maybe not, it turns out.
1:35.5	Economist Paul Krugman has a great new piece on his substack casting a lot of skepticism on the deal,
1:41.1	so he invited him on to walk us through all of it.
1:44.0	Paul, thanks for coming on. Thanks for having me on. deal. So we invited him on to walk us through all of it. Paul, thanks for coming on.
1:46.1	Thanks for having me on. So the basics of this deal are that the U.S. is imposing a 15% tariff on most imports
1:53.3	from Europe, with some exceptions. There's some talk about the EU agreeing to buy $750 billion in
1:59.6	American energy spread out over three years and an increase of
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