alt Hacker NewsIt's not like the EU can go to China for the $64 to $94bn in mineral fuels and oils (LNG, crude oil) they import from the U.S. Or the aerospace products and parts $35-46bn they import. Or the $45-$52bn in pharmaceuticals and medicines and advanced biologics (unless they go all in on generics, but this is only part of that sum). The list goes on and on. Germany trying to reboot their nuclear energy infrastructure, but it's a bit too late to help this winter, and they're the third largest consumer in the world after the US and and China. India is 8th.
The US imports a lot from Mexico, 15.5% of the total $3.36 trillion of US import, right here in the Americas. The EU about imports are about 18.5%.
Merz's mother-of-all-deals needs to have India lower its imposed tariffs on Germany of 100-150% on autos, which would cut against India if the new FTA goes through by Q2 2026.
May you live in interesting times is a wish or curse coming to fruition...
Not in one year no, but in 5-10 years, certainly. Solar is cheaper than coal in China today and they blew through their capacity targets. I was just there and the EV adoption is phenomenal. The buses, even some heavy trucks are EV.
If this pace keeps up for 10 years I don’t see how methane will be useful in the energy sector. Let’s face it, we’re investing in a dying industry. In 20 years our kids (or grandkids) will laugh at any country burning methane to make electricity.