Trump addresses EU trade deficit

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papafarang
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Re: Trump addresses EU trade deficit

Post by papafarang » June 5, 2018, 7:07 am

wow yo Yankees do love your high quality euro goods, funny how the blame goes on the seller for great value goods. strange last time in Tesco doing the shopping I too was wondering what Tesco are going to buy from me, after all Tesco can't just give me goods leaving me with a deficit every week. you need to be looking at unpatriotic americans,you know the ones that buy our stuff, those scum trailer trash driving BMW's and mercs... in fact their German sympathizers.....probably communists spies out of cuba too :lol:
one thing that seems to escape people .the tariffs are in fact sanctions, the move is deliberately meant to harm another countries economy .

Trade Sanction Mechanisms. Three common kinds of trade sanctions are: quotas, tariff, non-tariff barriers (NTBs), asset freezes or seizures and embargoes
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Re: Trump addresses EU trade deficit

Post by Lone Star » June 5, 2018, 9:09 am

Giggle wrote:
June 4, 2018, 12:50 am
2012 trade deficit with EU $116 billion.
2013 trade deficit with EU $125 billion.
2014 trade deficit with EU $144 billion.
2015 trade deficit with EU $155 billion.
2016 trade deficit with EU $147 billion.
2017 trade deficit with EU $151 billion.

And Junker calls tariffs unacceptable. What a moron.
Yes, deficits of almost $1 Trillion ($838 Billion) over just six years.

Of course, you must consider the source of Juncker's beliefs that tariffs are unacceptable. First, the EU is used to having European countries bow to their will. Second, Globalist/Socialists like Juncker don't care about deficits. Those types like Juncker, and others who support and promote the EU, view deficits as necessary in order to take advantage of the Productive/Achiever Class to pay for their give-aways to the Unproductive.

That immoral stance -- the theft of resources, labor and assets from productive citizens -- is why socialism eventually collapses under its own weight. Eventually, the People see it all as Economic Slavery. The People eventually realize that they are forced to indirectly work for the government (instead of the government working for its citizens). The government oversees the forced redistribution of earned assets to others. The only difference between a socialist voter and a thief on the street is that the socialist votes for someone to steal for them.

I would never expect anyone who lives in and accepts a Globalist/Socialist society/economy to understand. After all, those who support the EU have also inadvertently (or maybe purposely in some cases) supported the destruction of their individual cultures and societies and opened their borders for any and all to pillage. We all witness this out-of-control destruction weekly in news reports -- IF those news reports are allowed to be written without the authors of truth being thrown in jail.

It would be unwise to take advice from those who are so passive about deficits or to take any of their arguments seriously in light of what they have invited and/or allowed to occur within their own borders.

The United States, as with any autonomous country, should have a duty to protect its society, economy, citizens, jobs and industries. I wouldn't fault any other county for doing the same. However, the other countries involved in this trade imbalance with the US aren't running deficits. They are profiting on the backs of US labor and have the gall to be upset that the United States has a president who puts America first and wants to close the deficits.
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Re: Trump addresses EU trade deficit

Post by skinner » June 5, 2018, 11:02 am

Americans choose to buy the imported goods. Presumably they prefer them to American goods. Europeans obviously choose not to buy the same quantity of American goods. Pretty simple stuff.
All the nationalist ranting and raving obviously doesn't extend to buying your own products.

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Re: Trump addresses EU trade deficit

Post by Giggle » June 5, 2018, 11:34 am

Europeans obviously choose not to buy the same quantity of American goods.
Because the EU tariffs are too high -- as has already been explained. Protectionism here is no more unilateral than the "pretty simple stuff" of importing and exporting goods.

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Re: Trump addresses EU trade deficit

Post by papafarang » June 5, 2018, 12:23 pm

skinner wrote:
June 5, 2018, 11:02 am
Americans choose to buy the imported goods. Presumably they prefer them to American goods. Europeans obviously choose not to buy the same quantity of American goods. Pretty simple stuff.
All the nationalist ranting and raving obviously doesn't extend to buying your own products.
True , I suppose LS is happy with his jap chopper. perhaps he should buy American .
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Re: Trump addresses EU trade deficit

Post by skinner » June 5, 2018, 12:53 pm

papafarang wrote:
June 5, 2018, 12:23 pm
skinner wrote:
June 5, 2018, 11:02 am
Americans choose to buy the imported goods. Presumably they prefer them to American goods. Europeans obviously choose not to buy the same quantity of American goods. Pretty simple stuff.
All the nationalist ranting and raving obviously doesn't extend to buying your own products.
True , I suppose LS is happy with his jap chopper. perhaps he should buy American .
Of course , everybody understands why he wouldn't buy an American wife lol

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Re: Trump addresses EU trade deficit

Post by Giggle » June 5, 2018, 12:54 pm

March 15, 2018

Trump may have a point about EU tariffs, ifo says

A leading German think tank says Donald Trump is right that tariffs between the United States and Europe are asymmetrical, but urges negotiations to lower import taxes across the board.

US President Donald Trump may actually have a point when it comes to unfair taxes on US goods coming into Europe. That is the finding of a new study by a leading German think tank. Where they differ is how to deal with it: The group urges new talks to lower tariffs across the board, instead of engaging in a tit-for-tat escalation in new taxes.

“The EU is by no means the paradise for free traders that it likes to think,” said Gabriel Felbermayr, director of the ifo Center for International Economics, a division of the Munich-based ifo Institute. The European Union actually comes off as the bigger offender when compared to the US, he added. The unweighted average EU customs duty is 5.2 percent, versus the US rate of 3.5 percent, according to ifo’s database.

So when Mr. Trump complains of “massive tariffs” he is not that far off the mark in several cases. And he does complain. “If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a tax on their cars, which freely pour into the US,” the president tweeted earlier this month. “They make it impossible for our cars (and more) to sell there. Big trade imbalance!”

Cars are a particular sore point. Imports into the US are not quite free, but pay a tariff of only 2.5 percent, compared with the EU tariff of 10 percent on US car imports. Some other examples from the EU include a 17 percent tax on apples and 20 percent on grapes.

Overall, tariffs totaling $5.7 billion were levied on US exports to the EU in 2015. The far greater volume of EU exports into the US were subject to customs duties of just $7.1 billion. This does not even take into account the inhibitory effect of the higher EU tariffs on the volume of US exports.

The US is not blame-free. The lower average level of tariffs masks higher duties that hit particular European products, from 9 percent on chocolate to 20 percent on key milk products, and 25 percent on small trucks.

https://global.handelsblatt.com/politic ... ays-899083

Tariffs exist on both sides -- just as the chronic perennial trade imbalance. Do something about the imbalance or it will be addressed with more tariffs.

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Re: Trump addresses EU trade deficit

Post by tinpeeba » June 6, 2018, 3:58 am

Koch brothers take on Trump over tariffs:

https://www.bbc.co.uk/news/business-44366737

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Re: Trump addresses EU trade deficit

Post by glalt » June 6, 2018, 11:06 am

Why do Americans buy imported items? It doesn't take a rocket scientist to answer that. It's all about money. Over the years the lower tech companies have left the US for the much cheaper labor markets. Americans make more in an hour than most foreign workers make in a day.

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Re: Trump addresses EU trade deficit

Post by Lone Star » June 6, 2018, 12:17 pm

Giggle wrote:
June 5, 2018, 12:54 pm
March 15, 2018

Trump may have a point about EU tariffs, ifo says

A leading German think tank says Donald Trump is right that tariffs between the United States and Europe are asymmetrical, but urges negotiations to lower import taxes across the board.

US President Donald Trump may actually have a point when it comes to unfair taxes on US goods coming into Europe. That is the finding of a new study by a leading German think tank. Where they differ is how to deal with it: The group urges new talks to lower tariffs across the board, instead of engaging in a tit-for-tat escalation in new taxes.

. . .

Tariffs exist on both sides -- just as the chronic perennial trade imbalance. Do something about the imbalance or it will be addressed with more tariffs.
I believe that this has been lost on the whole issue. Trump has been in bilateral negotiations for months to do just that -- address the chronic imbalance in import duties that existed before now. It wasn't until a deadline was reached on being able to close the difference that the new tariffs were enacted, and negotiations continue to occur.

The imbalances occur on what is allowed to be sold and amount of import duties placed on the products. There is no way that there could ever be a balance on the NUMBER of products sold because CONSUMERS decide that. An imbalance in the number of products sold is not the issue.

This wasn't something that just fell out the sky. Trump has been emphasizing trade imbalances for years.
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Re: Trump addresses EU trade deficit

Post by Lone Star » June 10, 2018, 5:59 am

As Trump departed the G7 Summit, he left with these words:

Trump prefers totally free trade without any tariffs, no barriers and no subsidies.

"That’s the way it should be, no tariffs, no barriers … and no subsidies. That’s the way you learned at the Wharton school of finance, I mean that would be the ultimate thing."

This would be an entirely free-trade approach, which would be fair for everyone because there would be no tariffs or barriers or subsidies to offset from one country to another. Totally free -- and FAIR.

As for NAFTA, Trump suggested that the US would probably negotiate unilateral deals with Canada and Mexico separately.

Trump repeated that America’s allies had repeatedly won on trade deals, hurting American workers and jobs. "We’re the piggy bank that everybody is robbing," Trump said. "And that ends."

As one unnamed official stated, "If they thought they were going to lecture Trump on the glories of free trade, they got a rude awakening. He came to a gun fight armed with a stealth bomber."
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Re: Trump addresses EU trade deficit

Post by Lone Star » June 12, 2018, 3:04 pm

Image

I'm betting the only photo published was the one the eneMedia wanted everyone to see -- NOT the one that was taken seconds later. Haters loved the optics of the first one. Understandable. 555
Laan Yaa Mo wrote:
June 12, 2018, 9:55 am
Trudeau is clearly out of his depth.
Yes, Laan Yaa Mo, Trudeau miscalculated in a big way.

First, it's kind of ironic that Trudeau's comments about not wanting to be pushed around on trade -- AFTER Trump left the summit (big time cowardice) -- are basically what Trump has been messaging to the rest of the world about the US. That is, the US is no longer going to run deficits year after year and be "the world's piggy bank."

So why is it okay for Trudeau to be angry over an increase in tariffs, but Trump can't be angry over the same thing along with a trade deficit? 55555

Second, before Trump left, he praised the summit and was prepared to sign off on all of their agreements to reduce tariffs, reduce barriers and reduce subsidies. All of those steps were agreed upon by the G7. After Trudeau pulled his stunt -- after Trump left -- it is apparent that Trudeau cannot be trusted. What Trudeau said after the summit is not what he said IN the summit. As a result, Trump withdrew any signing off on the summit result. So it's Trump's fault? 5555 Yes, for the Leftists, it's just like everything used to be Bush's fault. I get it.

Third, US GDP is larger than the other G6 countries COMBINED. If the US doesn't trade at all with them as a result of THEM not wanting to balance trade with free and FAIR trade, it is not likely to hurt the US much at all. The fact that the markets aren't responding -- at all -- is evidence that Trudeau is just blowing it out his a55.

I'll repeat your comment, Laan Yaa Mo.

"Trudeau is clearly out of his depth."

If the G6 wants to trade with the US, they will have to agree to free and fair trade.
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Re: Trump addresses EU trade deficit

Post by Lone Star » July 6, 2018, 8:21 am

http://www.bakersfield.com/ap/national/ ... 607aa.html

Merkel warns of worldwide financial crisis
German Chancellor Angela Merkel raised the specter of a new global financial crisis as she warned of the potential fallout from a trade war with the U.S., saying tariffs on European cars would be “much more serious” than levies on steel and aluminum.

In an address to Germany’s lower house of parliament Wednesday, Merkel cited President Donald Trump’s threat of targeting U.S. imports of cars from Europe, which risk hitting Germany the hardest. She backed efforts by the European Union and U.S. negotiators to reach a deal this month.
Trump has already agreed to totally free and fair trade -- no tariffs at all and no trade barriers. Totally free and fair trade.

Those who have traded with the US in the past rejected free and fair trade -- including those at the G7. Why? Because it's the US that has had the trade deficit. The G7 has a trade surplus with the US, but no trade means that the US erases their deficit and also erases the trade surplus enjoyed by others.

What seems to escape all of the hate-America crowd is that Trump was responding to the US being screwed over in trade for many years. Trump didn't create this mess. Trump inherited it, and he's determined to fix it.

The same will happen with NATO. It's time for all of the members to pay what they pledged to pay a LONG TIME AGO.

The US is no longer the world's piggy bank.
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Re: Trump addresses EU trade deficit

Post by Lone Star » July 19, 2018, 7:28 am

The drunk is coming to DC next week.

Word is that EU prez Juncker will appear in the US to make a 'free trade' offer for Trump's consideration, according to WH Economic Advisor Larry Kudlow.

Lowering tariffs would be incredible economic stimulus for an already soaring US economy. Trump has repeatedly stated that he is willing to abolish all tariffs, all trade barriers and all subsidies to have REAL free trade.

I doubt that Juncker will opt for totally free trade because the EU has had the advantage for years, and the US has been losing the trade war for a long, long time.
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Re: Trump addresses EU trade deficit

Post by Lone Star » July 26, 2018, 6:10 am

In preliminary releases, the EU has agreed to Trump's terms on lowering industrial tariffs to enhance US trade opportunities, lower non-tariff barriers to increase agricultural trade, and committed to increased import of liquid natural gas to offset Russian energy dependence.

Juncker and Trump made a joint announcement in the Rose Garden at the White House. The agreement is looked upon as a win-win for both the EU and US.

The agreement also highlights the fact that the EU and the US are working toward no tariffs, no barriers and no subsidies, which is what Trump proposed at the G8 Summit.

Big day for the world toward FREE trade and FAIR trade.
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