Original air date: July 30, 2025

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 United States; 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

Ep. 326 - On to GW18 - Diversification (Get the Vaccine)