U.S. to slap tariffs on steel, aluminum from EU on Thursday: sources

[Skybird]

The Donald's foreign policy all is about domestic policy back at home. The world is just a screen on which the domestic policy gets projected like a movie. The starry-eyed audience is the Donaldarianized voter base. Oscars for best actor, best director, best screenplay writer, best camera man, best soundtrack composer and best special effects all go to the Donald.

[Schroeder]

He certainly has a tendency to come across like this:

[Rockstar]

hold on to your bootstraps Europe the market must crash.

http://crude-oil.news/goldman-if-tru...-has-to-crash/

[Onkel Neal]

Originally Posted by Schroeder

On this forum in October 2006.

[Jimbuna]

I'm beginning to think that the only countries he is fearful wary of are Russia and China.

[Platapus]

Originally Posted by Schroeder

On this forum in October 2006.

I am flattered. Thank you.

[Schroeder]

Originally Posted by Platapus

I am flattered. Thank you.

I don't think I remember ever having read a BS post by you.
(ok, enough sucking up this topic was about tariffs)

[Catfish]

Originally Posted by Schroeder

He certainly has a tendency to come across like this: edit picture removed, see here

I.. how did i miss this.. i mean his hair sure looks better now, but..




And dto. regarding Platapus.

Although he makes wayyy too much sense for us here

No seriously, i agee

[em2nought]

Originally Posted by Schroeder

He certainly has a tendency to come across like this:

Sit me down across from "her" and I'd look like that too.

[Rockstar]

Ummm, if the U.S. were fearful and wary of Russia and China, wouldn't we huddle with and bend which ever way the wind blows like the E.U.? Oh ya that reminds me. Speaking of being wary, afraid and bending over all the while putting on a show of 'unity against Russia' aaaand money before human rights.

German companies have invested more than 20 billion in Russia, which also provides about 30 per cent of Germany’s gas (however, only 3 per cent of German exports go to Russia). The Committee on Eastern European Economic Relations, a body that represents German industry, has lobbied the German government against EU sanctions on Russia throughout the Ukraine crisis.
Berlin has often been reluctant to criticise Russia and China on human rights. Over the past few years, German policy on Russia has evolved, at least at the level of rhetoric, to become more critical, but the same cannot be said of its China policy. Germany’s commercial priorities were evident in the summer of 2013, when Merkel received Chinese leaders in Berlin and then visited them in Beijing. German solar-panel manufacturers had complained to the European Commission about Chinese panels being dumped on EU markets. The Commission had investigated and was threatening China with penalties. China then warned the EU about possible retaliation against exports of polysilicon (a material for solar panels) and luxury cars, which would have hit Germany. The German government criticised the Commission and undermined it by leaning on other member-states to oppose a tough response to the alleged dumping. As a result the Commission backed down.


... Rhetorically, Merkel’s tough words on Russia in recent months have positioned Germany close to the middle. As for a possible shift on substance, it is too early to tell where Germany will end up. The pressures on Germany to remain Russia’s special friend in Europe – from business, sections of the SPD (as well as some Christian Democrats) and much of public opinion – are immense.

http://www.cer.eu/insights/what-wron...foreign-policy

Lets not forget all those Euros to be made in Iran while they build their nukes.

[Hawk66]

This insanity is unbelievable....market share of German cars in the US is around 7 %...so yes, they 'flooding' the market, for sure....

Old Donald 'forgets' that if corporate earnings and services (IT etc.) come into play, the deficit is on the EU side.

[Gerald]

U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.

https://www.reuters.com/article/us-g...-idUSKBN1J70CN

What trampling and twittering.

[JU_88]

Cant stand that virtue signalling rich kid Trudeau.
I need a sick bag every time he speaks.
Hypocrite too

[Skybird]

http://www.dw.com/en/angela-merkel-a...ted/a-44191962

German Chancellor Angela Merkel on Tuesday struck back at US President Donald Trump's repeated complaints over the US trade deficit.

Merkel said the United States actually runs a current account surplus with Europe — if services are factored into the equation.

She went on to say that the current accounting systems for global trade needed to be updated to also take services into account.

"Trade surpluses are calculated in a relatively old-fashioned way nowadays," she told an audience of businessmen at the Christian Democratic Union's Economic Council Conference in Berlin. "If services are included in the trade balance, then the US runs a big surplus with Europe. And the share of services will only grow."

Several German economists have long made similar arguments.

The chancellor also said German direct investment into the US was significantly higher than the other way around.
(...)
While Merkel did not mention what studies she based her figures on, statistics from the US and EU show including services in global accounting would lower the US deficit with Europe but not eliminate it.

A country's current account measures the difference between how much a country sends and receives in terms of goods, services and other payments. According to the EU's statistical office, the US had a €200 billion ($234.7 billion) current account deficit with the EU in 2017.

In terms of good and services trade alone, the latest available figures from the Office of the United States Trade Representative (USTR) show:


The US trade deficit with the EU was $92 billion in 2016 when goods and services were both included in the calculation. The US exported $501 billion in goods and services to the EU and imported $592 billion.

• Broken down, the US had a $137 billion deficit with the EU in the trade of goods alone. It exported $270 billion in goods and imported $416 billion.
• In services trade, the US had a $55 surplus. It exported $231 billion and imported $176 billion.

The top services were in professional and management services, intellectual property, travel and education.

As I said in another thread, the side having a surplus will lose the trade war. Its just not that clear to me who is the one with the surplus.

[Rockstar]

I keep asking myself why?

I think one reason to threaten Europe, Canada etc etc is to sway them to issue sanctions against Iran again. Europe being driven by profit looks the other way and seems to not really mind what Iran is doing with their new found wealth.

China, as an article from CNBC puts it:

Most notably, the U.S. and others around the world have suffered at the hands of China's rampant intellectual property theft. From designer brand knockoffs to technological innovations to the secret sauce that so many companies use to make their brands special, China is notorious for the practice.
What the White House is doing that has caused so much commotion is taking a more aggressive approach than any of its predecessors to put that practice, and others like it, to an end.
The administration has announced a list of 1,300 Chinese products subject to a 25 percent tariff, a move that drew an immediate retaliation and sparked more fears of a protracted international commerce battle.
"People have known for some time that China has sought quite actively to acquire intellectual property through their relationships with foreign businesses," said Lewis Alexander, chief U.S. economist at Nomura Global Economics. "These are not new problems."
What is new is someone willing to push the argument far enough with China to threaten trading relationships.

Then there's good ol' fashioned domestic politics.




Why is everyone in an uproar? Probably because we've been assured by our leaders all is well for so many many years. When in all actuality it hasn't been all sunshine and rainbows.