| This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads. The White House is trumpeting its new trade deal with the European Union, following a similar agreement with Japan, as a great victory. Both pacts impose tariffs of 15% on most exports to the US, along with other concessions — on the face of it, lifting the threat of open-ended trade war and reaffirming US dominance. Financial markets advanced on the news. In truth, there’s nothing to celebrate. Both deals are lose-lose for all involved. The best that can be hoped for is that the administration now moves on to other priorities before more damage is done.
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