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What are you talking about? The EU runs a current account surplus with the US, and it's a protectorate of the US through NATO. Europe is absolutely delusional a
by snogaraleal 6y ago
What are you talking about? The EU runs a current account surplus with the US, and it's a protectorate of the US through NATO. Europe is absolutely delusional and ungrateful.
- snogaraleal 6y ago@kaveh_h You can downvote all you want if it serves you as a distraction to avoid counting the money. Maybe you can do one downvote for each dollar in the EU surplus with the US.
- kaveh_h 6y agoI didn’t down vote you. Multinational companies are not bringing profits home. This was perhaps the best decision Trump made was to even the playing field and brought it down to about the same as most EU countries. Europe is a much larger population but it’s not as rich as US per capita so don’t expect europeans to buy more US goods. I agree that sometimes the tariffs are too high. But the situation is more complex. VAT in Sweden is 25%, a Tesla Model S cost about 100k$ here because of VAT mainly not just tariffs. Many US products are simply too expensive for the same reasons and a Europea generally lower purchase power. Americans like to buy European luxury goods many europeans themselves can’t buy. Trade is not a single transaction. I would love to own Tesla or buy more american, but I can only afford iPhone not Tesla. And iPhones are made in China... Nato has protected EU, but not against the refugee crisis which affect EU much more than US. US seems to infact increased the problems and is simply trying to leave now. US cares about mexican immigration but don’t do much to help situation in ME.
- snogaraleal 6y agoThe US manufacturing produces things that Europeans can buy, but in some instances US companies can't compete with their heavily subsidized European counterparts. At some point Trump got angry at us and said "OK no tariffs, but ALSO no subsidies". Obviously Europe didn't agree, and the US put tariffs in place. All this is logical, I get it that Trump is hyperbolical and extreme, but he's not that crazy.