A few random thoughts on the deal 1) After a "happy globalisation" phase, the EU risks entering "happy vassalisation" phase (@GillesGressani) The US went from being a "benign" liege lord to a much more aggressive one.

8) Ultimately the EU's biggest challenge isn't Trump It's the EU itself We have been a low growth/low innovation zone for a decade. This "deal" is possible because of our own stagnation The Draghi report flagged it last year, we need more innovation + smarter/less regulation