I doubt the math actually looks at the entire economy and all the side effects. There is a reason just about every expert agrees this was a bad way of doing this and the people defending it are the ones that dont have a clue about macroeconomics like trump. And germany actually has a trade surplus with the rest of the EU. And tenth time: you cant single out germany as the eurozone is a single market.
No need to single out Germany, Germany is the most exposed EU country to trade tariffs due the amount of exports it has and the heavy trade dependency it's economy has. Germany has singled itself out by it's actions. Any trade war with the EU, hurts Germany significantly more than other EU countries. Germany can avoid this economic weakness either by adopting balanced trade, ie buying more foreign goods or by leaving the EU. And yes we can all still single out Germany if we want to. The EU can't stop us. We set a tariff on goods of German origin. Job done. Here is how a trade war with the EU will go. Brussels will rush into a tariff war to prove how much they rule the world. Germany will get crippled by it. Brussels won't give a ****. Since they aren't elected by Germans and nothing any German says or does makes the slightest bit of difference to them.
Yeah ... I provided the relevant data. Stop over thinking it. EU exports in TOTALITY represents 4% of 11% of US GDP. Now post the same figures with the roles reversed please. Don't presume tell me anything about what you THINK I don't understand. Thanks.
Not really, 2.2% in 2017? Obama did better in 2014/15 and worse 2016 . This is simply nonsense. China barely exports steel to the US Canada brazil and south korea are almost half the total US imports of steel. You mean regular trade . The us actually has something like 20+ regulations on chinese steel imports. 'not fighting back'
The difference is, your digital services are not accounted in the numbers. If we block out Apple, Facebook and Google, what you think will happen? Also what happenes when Boeing loses all contracts. So far you were unable to explain why we should lose face and accept Trumps cannon boat policiy. If we give by now, where does it stop? Do you honestly expect our chancellor to follow demands from a hostile foreign power?
You think china is getting around some of these regulations? Sure they are. In fact, I just read over the weekend there are various ways to do it, like shipping to another country and then that country ships it here. Did you know that our free trade partners use non tariff trade barriers? And always have? Our trade policy has been written to benefit our slave labor bankers and MNCs. Who import their slave labor goods back to america. These are inclusive in the bad trade deals trump spoke of. Slave labor globalism is just the latest scheme on creating greater disparity in income and wealth. It funnels it towards the top. Not rocket science but may as well be given so few actually understand it.
China makes 50% off all the steel produced in the world And I’m sure they are finding ways to get it into the US market
I've explained that no one cares what is accepted, and that severing all trade is still an impotent response. Londons mayor now imposing Merkels internet content restrictions on US social media. I don't use FB, Twitter, Snapchat ... I despise thw whole media genre'. Go back to the social media stone age and bankrupt Zuckerberg too. No one cares.
You mean the influx of afghans & indians? Yeah that will skew the mix a bit but not that much . The basic of the brittish populce was set there its basic history. If you are from there you should know at least your own history.
This is a GD lie! I was an American worker and a proud democrat. If you had worked as hard as I have in my life, you would hate conservatives as much as I do. You, and your ignorant support for Trump has put a hardship on this country that we will not forget in our future trips to the voting booth. You and your ilk need to be laughed to scorn for your stupid decisions.
Well it looks more like EU, China and Japan topple the $ and attack the american rating. Blocking Boeing out of the EU, Chinese and Japanese market is positive as well.
Yes, me too. They did allow me to take more out of my 401k without paying taxes so I liked that part. I felt a little bad about borrowing the money cause my kids have to pay it back someday. But the tax cut weakened the dollar so our trade deficit will go up and so will my costs due to inflation. I guess it might work, but remember we sell a ton of our stuff overseas as well. So what happens is we stop making cars and start making socks instead. Here is a nice article about how it's intertwined with foreign companies. http://fortune.com/2016/11/08/china-automation-jobs/ Yes indeed we are. That's why we shouldn't spend any time going down the wrong path. The money is still there it just belongs to the rich and big corporations. I think it's a little late for that. When I was a kid my mom could sew. I don't know anyone under 50 that could make a shirt. What kind of jobs did you lose. I'm curious.
Look ... I'm gonna put you on "ignore" for a little while. I'll go right on posting, like you don't even exist. After a little time's passed you'll appropriate how little we actually matter to each other, and how little the forum cares about our strained reltions. Auf wiedersehen.
Oh i believe normal people do matter. We already see that Germans dont travel USA anymore in big numbers. Since Trump acts more and more like an enemy of Germany i will also aboid buying american products. I dont buy stuff from enemies.
US exports 250 billion and imports 360 billion from the EU. Both around 20 trillion GDP so thats 2% of EU GDP vs 1.3% for US. But again these are just very superficial numbers behind this there is a world of economics that are hidden. A trade war will hurt both and beyond others like china there will be no winners.
Not really because that would mean paying twice to import. China barely exports any steel to the US. The US already heavily regulated this because china was dumping the prices to drive US and EU companies out of bussines. Every country has its rules, the US is no different. Some product manufactured abroad cant be sold in the US because of regulations. If you use such stupid terms everything you say seems just as stupid. There is no slave labor globalism. There is trade between nations were everyone tries to get the best for himself. Its funny that trump claims it has to be america first against because for the rest of the world the US always put the US first.
I listed the prime trade patners for steel. Besides you claiming china exports steel to canada pretends its canadian steel and then imports it into the US ... So no, steel and aluminum is a stupid way to drive back the trade imbalance it was to please trumps base not to actually solve any problem.
Locate Germany alone on this index. France, Italy, Spain, and even Greece are less dependent on export. https://www.theglobaleconomy.com/rankings/Exports/ The EU as a whole derives 28% of GDP from global exports. The US 11%. My stats include both goods & services. Germany is the largest economy. It runs the largest surplus. The rest of EU is both propped up, and weighted down by German economic policy.
Why dont you just wait and see? No country with self respect will follow Trumps oder without counterstrikes. What you believe is exactly why Trump is wrong. He believed others swallow it. They dont.
When you have to build nets to keep chinese workers, working for MNCs to stop killing themselves, and the rate of their wages, yes, it is no different from slave labor. And vietnam is perhaps even worse. So, not stupid, just more informed than you are. Stupidity is not recognizing what drove sending manufacturing jobs to nations with horribly poor people who could then be exploited for their labor, in order to increase profits, as those goods are shipped back here. And you are obviously clueless. This comes from a retired owner of a small manufacturing business. So go and piss on someone else's leg. I didn't retire early due to stupidity, but by being connected to reality. I have friends who help set up the factories in mexico and stayed on to hire those poor people, some who lived in boxes. Paper, cardboard boxes, and after being hired still had to live in those boxes. They just ate a bit better. MNCs exploited the hell out of these poor people. The people sho lost those jobs here were lower middle class workers. Many had to drop out of the lower middle class. That is what reality is. If you could ever give a flying fu*k.
