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Ha. Tell that to all of Europe. Because so much trade is done in dollars. And because companies globally want access to U.S. financial markets, money transfer
by ijidak 5y ago
Ha. Tell that to all of Europe.
Because so much trade is done in dollars. And because companies globally want access to U.S. financial markets, money transfer systems, companies and markets, the U.S. has the ability to tell even foreign companies what to do.
That's why Europe was frustrated when Trump reinstated sanctions on Iran. And had to try to figure out ways of bypassing them. (https://www.google.com/amp/s/www.voanews.com/middle-east/voa-news-iran/more-european-nations-join-effort-bypass-us-sanctions-iran%3famp https://www.google.com/amp/s/www.voanews.com/middle-east/voa...)
The U.S. has incredible, unexpected power over global companies and trade.
- ric2b 5y ago> The U.S. has incredible, unexpected power over global companies and trade. True, but the more it uses it for self-serving purposes the more the rest of the world tries to find alternatives, weakening that soft-power in the long-term.
- cgh 5y agoAccording to the article, some of ASML’s hugely complex supply chain is located in the US so I suspect that plays at least as much of a role.