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Status:
"“If a thing loves, it is infinite.”"
(set 1 day ago)
Location: Great Britain
27,163 posts, read 13,449,232 times
Reputation: 19459
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Quote:
Originally Posted by phma
No one yet has put forward a better plan that avoids military conflict and strengthens the worlds economys.
If you have a better idea, lets hear it.
I don't think Europe was going to engage in military conflict and far from strengthening the world economy the IMF and other organisations have consistently wanred of the dangers of tariffs in relation to global trade and the world economy.
A better idea would be to get European nations on board in relation to China, some of whose practices such as currency manipulation and copyright infringements are blatant, as is it's industrial spying in relation to technologies.
Free Trade is a good idea, and that was what the Transatlantic Trade and Investment Partnership (TTIP) was all about until Trump scrapped it, and now he has decided he wants free trade rather than protectionism. If he wanted free trade why didn't he just sign TTIP, as it is the US is back to where it was in 2013 when TTIP talks started.
The EU have said yes to negotiations but like TTIP they may drag on for years, indeed the EU will be happy for them to do so in the hope that Trump will no longer be President by the time they finish.
Quote:
Originally Posted by Reuters
WASHINGTON (Reuters Breakingviews) - European Commission boss Jean-Claude Juncker wouldn’t pitch it this way. But on Wednesday, he and U.S. President Donald Trump essentially revived trade goals dating from the Barack Obama era.
The European Union will buy more American soybeans and liquefied natural gas, while U.S. tariffs on steel imports from that region may be eliminated if the parties can agree. Other goals featured in negotiations about the Transatlantic Trade and Investment Partnership, or TTIP, under Trump’s predecessor.
Status:
"“If a thing loves, it is infinite.”"
(set 1 day ago)
Location: Great Britain
27,163 posts, read 13,449,232 times
Reputation: 19459
Quote:
Originally Posted by Swingblade
Thanks for the post. So these were Obama era trade goals so why is the left against them now?
Could it be just partisan thinking and because they hate Trump and it blinds them to reality?
Trump has come out with lots of rhetoric to is supporters claiming that Economic barriers between the EU and the United States are extremely high, when in reality the opposite is true.
At the same time he's spoon fed his supporters this narrative whereby Europeans are all freeloaders and that American pays for 70% of NATO.
Again this is simply untrue, the US may account for 70% of defence spending in NATO as it has a very large defence budget but only 5% of US Defence Spending is in relation to NATO. It's also already been agreed that European countries should spend 2% of GDP on defence by 2024 and many countries are working towards this goal.
Trump seems to like to get his audience all riled up, about free loaders and trade imbalances, when the reality is that the US has a very strong economy and even trade deficits account for less than 3% of GDP and are largely due to the high standard of living and sending power of Americans when it comes to cheap Chinese goods or luxury European goods.
As for manufactured goods, factories are increasingly automated and sectors like the steel industry are no longer labour intensive like they once were. Some goods are also made using sweatshop labour, and this is particuarly the case in relation to cheap clothing and the US wouldn't want those kind of jobs nor would they be sustainable in the US. The US is however happy to reap the rewards of such labour in relation to cheap goods that fill shops and are readilly available over the internet.
Americans should realy be very happy with their lot, they have a very good standards of living,the US economy is currently doing very well, employment rates are high and goods are relatively cheap, so I just don't see the need for Trump's trade wars or his attack on allies whilst cosying up to dictators and despots.
Don't look now phma, but Trump's no better at "dominoes" than he's proven to be at playing checkers. He backed down on the car tariff thingy like everyone predicted. Junckers threw him a lifeline and he snatched at it like a drowning cat.
Don't look now BruSan but you are standing between a dog and a fire hydrant. Don't drown.
Trump has come out with lots of rhetoric to is supporters claiming that Economic barriers between the EU and the United States are extremely high, when in reality the opposite is true.
At the same time he's spoon fed his supporters this narrative whereby Europeans are all freeloaders and that American pays for 70% of NATO.
Again this is simply untrue, the US may account for 70% of defence spending in NATO as it has a very large defence budget but only 5% of US Defence Spending is in relation to NATO. It's also already been agreed that European countries should spend 2% of GDP on defence by 2024 and many countries are working towards this goal.
Trump seems to like to get his audience all riled up, about free loaders and trade imbalances, when the reality is that the US has a very strong economy and even trade deficits account for less than 3% of GDP and are largely due to the high standard of living and sending power of Americans when it comes to cheap Chinese goods or luxury European goods.
As for manufactured goods, factories are increasingly automated and sectors like the steel industry are no longer labour intensive like they once were. Some goods are also made using sweatshop labour, and this is particuarly the case in relation to cheap clothing and the US wouldn't want those kind of jobs nor would they be sustainable in the US. The US is however happy to reap the rewards of such labour in relation to cheap goods that fill shops and are readilly available over the internet.
Americans should realy be very happy with their lot, they have a very good standards of living,the US economy is currently doing very well, employment rates are high and goods are relatively cheap, so I just don't see the need for Trump's trade wars or his attack on allies whilst cosying up to dictators and despots.
Brother, have you ever concisely put forth the question the entire rest of the world is asking. Kudos!
Americans should realy be very happy with their lot, they have a very good standards of living,the US economy is currently doing very well, employment rates are high and goods are relatively cheap, so I just don't see the need for Trump's trade wars or his attack on allies whilst cosying up to dictators and despots.
You should realize that the corporate elites and the billionaire class have been waging war against ordinary Americans for 40 years now. The median wage of the American worker hasnt budged in 20 years. Employment rates are not high, its in the lower end among OECD countries. The economy for ordinary people is certainly not doing very well, and that is why distracting the populace with attacks on allies and foreigners is so powerful. Meanwhile, the domestic elites, the culprits of the situation are laughing all the way to the bank.
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