3 ms·

The EU probably does not have a trade surplus with the US, but rather a trade deficit. https://www-gmexconsulting-com.translate.goog/cms/de/dunkle-materie-in-d

• the_gipsy 2y ago
  I was thinking the same. IT is a huge business, the best kind of business right now, the pinnacle of human technology at this point in time. America is the world leader in development, and "exports" of IT. You can't really tariff software, as it's some kind of IP. On the other hand, much of the "digital infrastructure" is free and open. Perhaps if rival powers put enough effort into sanctioning US effective sales in IT, however that may work, America could lose it all.
  • cbg0 2y ago
    > You can't really tariff software, as it's some kind of IP. The bureaucrats in Brussels will easily find a way to do it.
    • the_gipsy 2y ago
      Yupp, no one says tariffs must only be matched with tariffs. This is a big trade war.
• cbg0 2y ago
  With regards to goods, the EU exports more than it imports from the US, but we do import more services from the US, which can likely be taxed in retaliation.
  • Beijinger 2y ago
    Yes, but only because iPhones, Dell computers, HP printers are shipped from China and not the US. Yet the majority of profits from these trades are accrued in US companies or offshore tax shelters owned by them.
• tacker2000 2y ago
  EU has a surplus on physical goods, and a deficit on services.