If you wonder how the EU could agree to such a humiliating deal: It’s because the EU has no political leverage. It has outsourced its energy needs, neglected its defense, sabotaged its industry, regulated away any innovation, and generally failed to become an indispensable geopolitical player. In short, the EU needs the U.S. more than vice versa. Unfortunately, being the world champion in moralizing doesn’t buy you a seat at the table, and so the EU has become, for all intents and purposes, politically irrelevant.