4 ms·
They will only get a financial benefit if Trump is successful in convincing EU to change their policies, but I think it is pretty little chance of that happenin
by dybber 2y ago
They will only get a financial benefit if Trump is successful in convincing EU to change their policies, but I think it is pretty little chance of that happening.
EU policies will be decided by the europeans, and if the US tries to coerce EU e.g. with tariffs, EU will use it’s “economic bazooka” the Anti-Coercion Instrument which will target some of the same US tech companies.
https://www.ft.com/content/7303e57e-67ca-477a-8d00-8d5213f7120c https://www.ft.com/content/7303e57e-67ca-477a-8d00-8d5213f71...
- bilbo0s 2y agoYep. In the US, we kind of worked ourselves into a box. More hostile action from Trump will only deepen European resolve. I don't understand what we were thinking? There's like 600 million people in Europe. All of whom were perfectly content to sleep in the then current global order. Why take a stick and poke a sleeping lion like that? For the life of me I'll never figure that out?
- graeme 2y agoThis is one of the guiding documents of the current administration. https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese...
- thfuran 2y agoI've only just started reading that, but right in the first few paragraphs it says that the main problem is that USD is overvalued, and their proposed solution isn't inflationary. I'm kind of confused.
- dybber 2y agoThat’s because it doesn’t make sense. From Paul Krugman: > The document simply doesn’t hang together. Part 3 makes the case for tariffs by arguing that they won’t be inflationary because they’ll lead to a stronger dollar, reducing import prices. Part 4 then calls for an all-out effort to weaken the dollar, using emergency powers if necessary. https://paulkrugman.substack.com/p/trumps-team-of-economic-yes-men https://paulkrugman.substack.com/p/trumps-team-of-economic-y...
- bsaul 2y agoThe only rational i've got to explain trump policy, is that he's been supported by non-western countries to destroy the western world one way or another. There is unfortunately no other explanation i can think of at this point. Stupidity of this level isn't enough. You need a strong incentive to suicide us all ( because neither europe nor the US are going to win anything with this kind of war. Only our competitors will)
- JoeAltmaier 2y agoRemember he's done business on the order of billions. Now he's responsible in some way for a trillion-dollar economy. He's in way over his head, acting like he's one company in a marketplace and he can stiff customers, vendors and other businesses like there's a limitless market. Instead of only like 100 countries in the world. In way over his head. Clueless how to behave, or what 'winning' or 'losing' might look like.
- PantaloonFlames 2y agoI don’t think so. Trump has no vested interest in stability. He doesn’t serve the public as past presidents have done. That’s not what he’s trying to do. I think it’s simple: He (and his cadre) personally can profit from crisis , so he makes them, as often as possible.
- Braxton1980 2y agoIf he's a narassacist then maybe he's just doing what he thinks his supporters want.
- ahartmetz 2y agoJohn Bolton has a possible explanation for many of Trump's actions: He doesn't like Trudeau, but he likes Putin (etc). You can't make that shit up. https://www.youtube.com/watch?v=O99JIvjq9t0 https://www.youtube.com/watch?v=O99JIvjq9t0
- blackqueeriroh 2y agoI think you underestimate whether US companies will simply pull out of the EU.
- ahartmetz 2y agoThey won't. Too much money at stake, and even worse, worldwide competitors could rise in their absence.