4 ms·
Yes it's always just those ignorant Trump voters. Latest figures show a $13B trade deficit with the EU for January of 2018. One month. Of course, this doesn't
by hiram112 9y ago
Yes it's always just those ignorant Trump voters.
Latest figures show a $13B trade deficit with the EU for January of 2018. One month.
Of course, this doesn't account for the several billion we shove into their economy with the tens of thousands of troops and contractors stationed throughout the continent, paying dearly for the privilege of being there.
Nor the trillions of dollars we spend to keep the Russians out, and the Germans from misbehaving. Funny how much thanks we now get from younger Europeans for keeping Europe (mostly) at peace for the longest period in its history, along with rebuilding it.
But I don't even need to show more facts and figures. As an American who has lived in the EU several times, let me tell you just one example of what you'll see in, say, Germany:
About 90% of the cars there are made by them (VW, BMW, Opel, Mercedes, etc), with a few Fords and Peugeot, some Fords and maybe some Toyotas rounding out the other 10%.
I'm looking into my US parking lot right now - I see about 90% foreign cars, and a few US SUVs.
Don't even get me started with China ...
*https://www.census.gov/foreign-trade/balance/c0003.html https://www.census.gov/foreign-trade/balance/c0003.html
- dragonwriter 9y ago> I'm looking into my US parking lot right now - I see about 90% foreign cars, and a few US SUVs. A lot of those “foreign” cars are made in America. Heck, America not only makes a lot of foreign-badged cars, it exports a lot of them.
- Clubber 9y agoI'm a "buy a US car" guy and have been since I've been buying cars. Sadly, if you want to support US workers, buying a US car probably isn't the best option anymore.
- hiram112 9y agoFrom wikipedia: At the time, Mercedes-Benz and Nissan were already building a $1.4 billion plant near Puebla, while BMW was planning a $1-billion assembly plant in San Luis Potosí. Additionally, Audi began building a $1.3 billion factory near Puebla in 2013.[6]... Funny how only one politician, in my near history, has dared to speak of this in public... *https://en.wikipedia.org/wiki/Automotive_industry_in_Mexico#Current_Market_(2007%E2%80%93present) https://en.wikipedia.org/wiki/Automotive_industry_in_Mexico#...
- kasey_junk 9y agoWasn’t opel an “American” car last year? In the modern supply chain does the distinction even make sense?
- w_t_payne 9y agoIn the modern supply chain the distinction makes no sense whatsoever. I have former colleagues who are working on a project for Ford with a team spread out across the entire globe: From Michigan to Mexico; with developers in the UK; Germany; India and Japan. Where is this stuff made? Everywhere at once, and all at the same time.
- hiram112 9y agoI think they were bought and then sold by GM, similar to how Chrysler and Mercedes were once paired up. But Opels are still designed and made in Germany (or possibly Poland now). But this is all just financial games that the parent companies use - Opel never employed any actual Americans other than some financial folks, I'm guessing.
- damnyou 9y agoTrade deficits are good. Europeans love American goods and services!