U.S., EU agree to trade deal framework that puts 15% tariffs on European goods
- Thread starter The Oracle
- Start date
More like what you'd expect from a felon and fraud artist.
All explained here.
Trade and NATO are different things and the word "commitments" is just a word, it is not backed up by contract like a trade deal is.
It's Japan that holds the most US debt bonds. And they have been selling as well. That is why the US dollar has lost 10% since Trump. The highest drop in more than 50 years.
The revenue generated from the tax (tariff) on the American people will be diverted to Trump and his goonies billionaire. None of it will benefit the US. For fuck sake they are cutting on healthcare, education, and social security...
Tariff is trying to fix capitalism.
Yet the way Trump and the gop will apply it will be pure fraud. You'll see.
Cheerios!
Yet the way Trump and the gop will apply it will be pure fraud. You'll see.
Cheerios!
I have no idea how you came to your comparative conclusions. In reality, trade agreements have very little teeth behind them. Trade agreements are just another cooperative commitment.
Last edited:
So the Japanese sell the U.S. bonds. What do you suppose happens to the money? Something has to happen to it after all. Even if the Japanese bought gold, the dollars that the gold sellers accumulate need to find a home. The monies need to be absorbed into an economy.
I can explain this to the membership again. This is trade economics that gets into deeper macroeconomics. If countries like China, Germany, Japan and so on want to maintain chronic trade surpluses, they have to find a place to park the surplus funds. The most likely destination is U.S. bonds as you sort of indicate. The issue is if they spent the funds they wouldn't have the chronic trade surpluses that they desire to engineer.
No other country can and will allow surplus countries accumulate their govt. debt because the capital flows would force that target country into large trade deficits. You just have to work out in your head how large capital flows move around the world and are spent.
So you can skip all the economics above if you want. (While this is well understood by most economists, I'm guessing that you will have little interest in it because it is apolitical and you want to make a political point.)
What you should understand is that if the U.S. tries to drive down a trillion dollar trade deficit to a more manageable level, the likely impact will be a lower dollar. Think about it China, Germany, Japan, etc. will have less trade surpluses to buy U.S. dollar treasuries. That's the balancing mechanism that has to exist.
PS- The Japanese example is actually not a very good one. The Japanese Yen is close to 30 year lows. Global money appears to be moving into Europe which is not a positive thing for the European Union's maintaining trade surpluses with the U.S.
Last edited:
The EU was just another leader nodding their head and saying 'yes' to the brain addled TACO king.
The only reason for the trade deficit is the oil we send to the Yanks. But they refine and add value to it, so that pretty well evens things up. Trump just wants to own everything from Panama to Greenland because he's an asshole and a totally unreliable negotiator who gets a kick out of kicking Canada. Fuck him... he'll die soon enough.
another lefty whining...even CNN admitted the deal with EU was favorable to the US big time...and the polls show Trust on Trump is higher than democrats...as per CNN
Bill Maher admits he was wrong about Trump on tariffs, doesn’t ‘see a country in a depression at all’
Liberal comedian Bill Maher admitted that he was wrong about President Donald Trump on tariffs in a podcast posted Monday, and he’s “got to own it” because the economy is thriving. …
nypost.com
Last edited:
Look at Cohen squirming...I'd imagine that's what lefties here react everyday...Liberals should take note on what Maher said "let's look at it and not just because hate Trump"Bill Maher admits he was wrong about Trump on tariffs, doesn’t ‘see a country in a depression at all’
Liberal comedian Bill Maher admitted that he was wrong about President Donald Trump on tariffs in a podcast posted Monday, and he’s “got to own it” because the economy is thriving. …
Until the lefties can admit to themselves they can also be wrong..they will be
'
He is also well known for debauchery with Bob Guccione from Penthouse, but that was all 18+ and I am jealous lol
It appears he is overplaying his hand in dealing with Canada. Let's not allow this to dismiss the overall problem of the trade deficit with the rest of the world.
I suspect Trump's heavy-handed approach is personal. I can't believe he is concerned about Canadian dairy supply management. Perhaps Canada slimming down the military became personal.
Anyway, I would like to know if there are other explicit and implicit trade barriers beyond dairy.
When I say why don't most members support a common market, it's an objective goal post because we obviously have something in the middle and negotiated.
The intellectual dishonesty is starting from a position that every Trump policy has to be wrong and cannot be effective in any way.Bill Maher admits he was wrong about Trump on tariffs, doesn’t ‘see a country in a depression at all’
Liberal comedian Bill Maher admitted that he was wrong about President Donald Trump on tariffs in a podcast posted Monday, and he’s “got to own it” because the economy is thriving. …
Remember when Trump forcefully said NATO countries had to meet their commitments. The liberal coverage was that he was abandoning our allies the poor Europeans. Here we are today and NATO seems to be heading in the right direction.
Last edited:
Its so entertaining how you hold on to the lies your cult leader tells you every single time.another lefty whining...even CNN admitted the deal with EU was favorable to the US big time...and the polls show Trust on Trump is higher than democrats...as per CNN
Then watching as you slowly realize you've been suckered yet again.....
EU admits it can’t guarantee $600B promise to Trump
The extra investments pledged under the trade deal would come from private companies, which Brussels conceded it has no power to control.
www.politico.eu
Did you even read the tweet before posting it here? This is beyond pathetic and embarrassing...but well it's you...we can't expect any better...
Its so entertaining how you hold on to the lies your cult leader tells you every single time.
Then watching as you slowly realize you've been suckered yet again.....
EU admits it can’t guarantee $600B promise to Trump
The extra investments pledged under the trade deal would come from private companies, which Brussels conceded it has no power to control.
