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for 2016 and 2017 it looks like this, the formatting doesn't copy paste well, but the format is month, year, U.S. exports to Germany, U.S. imports from Germany, final column is the trade deficit. These are in millions of dollars, so 4,000 is 4 billion dollars.
Quote:
January 2016 3,697.3 8,239.4 -4,542.1
February 2016 4,188.3 8,698.0 -4,509.7
March 2016 4,419.3 10,821.9 -6,402.6
April 2016 3,997.6 9,865.6 -5,868.0
May 2016 4,078.0 9,771.3 -5,693.4
June 2016 3,973.9 9,418.0 -5,444.2
July 2016 4,003.1 9,387.1 -5,384.0
August 2016 4,175.5 10,216.7 -6,041.2
September 2016 4,309.6 9,331.5 -5,021.9
October 2016 4,274.1 9,261.6 -4,987.5
November 2016 3,881.2 9,542.7 -5,661.6
December 2016 4,364.2 9,673.5 -5,309.3
TOTAL 2016 49,362.0 114,227.4 -64,865.4
January 2017 3,898.8 8,781.6 -4,882.8
February 2017 4,232.7 8,668.1 -4,435.5
March 2017 4,819.9 10,075.1 -5,255.2
TOTAL 2017 12,951.3 27,524.8 -14,573.5
There is no trade agreement between the U.S. and Germany so I guess World Trade Organization rules currently apply. So, what exactly is Trump hinting? Is he planning to remove the U.S. from the WTO?
There is no trade agreement between the U.S. and Germany so I guess World Trade Organization rules currently apply. So, what exactly is Trump hinting? Is he planning to remove the U.S. from the WTO?
Why not, he is tearing up the agreements that do exist as fast as he can and US trade will end up slowing to a trickle, remember when the US had a good economy based on trade, forget that, they are seeing to the funeral as we speak. Hey America, you put him in there, enjoy your treat, and shut up and do as you are told. Me thinks there is a Storm brewing and Freedom is about to be refreshed in an awful way. Enjoy the New America
for 2016 and 2017 it looks like this, the formatting doesn't copy paste well, but the format is month, year, U.S. exports to Germany, U.S. imports from Germany, final column is the trade deficit. These are in millions of dollars, so 4,000 is 4 billion dollars.
What I'm actually wondering about is when say BMW builds a car in SC that's exported from the US, American workers have been paid to build that car but the profits go to Germany. I'm wonder how the $$$ involved gets split when trade deficit/surplus is computed? The vehicle may go to Germany, is its value counted as a US export? And does the labor paid to American workers get get figured in some how?
What I'm actually wondering about is when say BMW builds a car in SC that's exported from the US, American workers have been paid to build that car but the profits go to Germany. I'm wonder how the $$$ involved gets split when trade deficit/surplus is computed? The vehicle may go to Germany, is its value counted as a US export? And does the labor paid to American workers get get figured in some how?
I don't mind Trump taking care of the deficit. However,
In the world trade there is a theory that roughly implies that in order for world trade to thrive, one of the country has to play a hegemonic role.This country will be the one whose currency is accepted and valued as the safest by all other countries. So if there are n countries in this world, at max n-1 countries can run trade deficit or trade surplus in cumulative terms, but the nth country will have to run trade surplus or deficit (In order to balance the entire world trade).
The US is a consumption driven economy instead of export driven which means there is lot of internal demand in the US which requires it to run huge import bills and its export earnings are lesser than the import costs.
How US is able to run such huge import bills which lead to overall trade deficit not only with EU but a host of other countries as well, the most significant one being China ? The answer lies in the stability and the trust the world has in the ability and robustness/resilience of US economy and US currency. The US funds its trade deficit through the money received in form of payment against treasury bills floated by SEC at very very low interest rates
Trade is never in balance. It always fluctuates. The present deficit with Europe is about 3% of GDP
I think America should focus on stability and as long as we have the trust and respect from the world, we are going to be good. Just look at how stock market reacts to world event, you will get the big picture. Trump impeachment will have a YUGE negative impact on global stock market.
It really is a complex issue, it is never black/white. Relationship with foreign countries (well, certain countries) become more and more important.
There is no trade agreement between the U.S. and Germany so I guess World Trade Organization rules currently apply. So, what exactly is Trump hinting? Is he planning to remove the U.S. from the WTO?
No, to discourage Germany from impoverishing the United States by producing more of what it sells in this country with American workers.
So far, there hasn't been a trade war with anyone. Trump just keeps improving our trade situation as best he can without any help from Congress.
Trumps first budget won't start until October 1, 2017. The funding for the remainder of this year was via an omnibus bill, which requires 60 votes in the Senate. Normal appropriations bills are not subject to a cloture vote and can be passed with 50 votes (plus the Vice President). Our current budget continued more or less the Obama Omnibus budget.
Not getting budgets done, permits an omnibus budget, where everyone gets to fund anything they want. As 60 votes are required, virtually every Senator has to be on board with an omnibus bill.
Last edited by functionofx; 05-30-2017 at 01:36 PM..
It is not that we like it or not it is that it is breaking all agreements of the western World through which the Western wolrd accepted the leadership of USA capitalism in Exchange to Russian Comunism, USA opened its market to Germany Japan Europe and Mexico to prevent the expansión of Anti-American nationalists which threated the interests of multinationals and Energy conglomerates.
Trump dreams a World of Single Power Authority with neither Solidarity nor Responsability, more like an imperialistic view of the XIX century British Empire. And that Caused World War I and World War II since Germany Rejected the Imperialistic order of the British Empire, and yes Germany lost the wars but the British Empire fell, India got independent, South Africa, Belice, Trinidad y Tobago, Etc etc. Phillipines, Indonesia, Vietnam, Algeria, Egypt etc etc, all those territories were set free after the second World War thanks to Germany's oposition to Anglo imperialism.
Trump is an imperialist and the gringos who voted for him are also imperialists, The same way the Brexiters, And again Germany is Unwilling to accept a XXI century Anglo Hegemony.
And most of those places are no better off than they were when they were colonies so what's the point? What was the point of independence?
Decolonization created the destabilized world we have today. The world would be a much better place if most of Africa, Asia, and the Americas were still colonies. Look at the 16 remaining British Overseas Territories. They have a large degree of self government but the UK retains control over defense, foreign affairs, and other functions normally associated with a 'national' government (in poll after poll an average of ~75-80% of Bermudians oppose becoming independent). It's a system that works. Beats chaos.
He has tried to slow immigration/travel/refugees from 7 of the most dangerous countries in the world that Obama himself named but that has been blocked twice.
He has talked about building a wall to slow the illegal migration of who knows who from who knows where into our country and the response from the Left is to denounce him as a racist and to make their cities so called sanctuary places for people who are admittedly breaking our immigration laws.
He went to the Middle East and told them what they already know that the problem of world wide terror starts with them and needs to be stopped. and here at home they tell us that he hates muslims.
He went to Germany and saw a trade imbalance plus they are not paying their fair share of NATO and he said something that is not popular and here at home they are shocked that Trump would be so honest.
The list goes on and on and his detractors are really getting worked up.
In fact if the likes of CNN is outraged then Trump must be something right.
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