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United States42689 Posts
Freer trade is generally a net good. A free trade happens when two parties make a mutually beneficial exchange. Allowing free competition for trade generally achieves the greatest benefit for both parties. Exceptions apply for uneven power exchanges obviously.
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On July 29 2018 22:00 JimmiC wrote:
Does anyone else think it is odd that the "right" hates free trade and the "left" is fighting for it. This is opposite world.
It doesn't look odd if you stop looking at it like people's political choices are really as simple as right vs left.
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On July 29 2018 14:03 Plansix wrote:Show nested quote +On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference”
The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed.
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On July 29 2018 22:00 JimmiC wrote:
Does anyone else think it is odd that the "right" hates free trade and the "left" is fighting for it. This is opposite world.
This is a bit of a misnomer. It’s not that the right generally hates free trade so much as it sees the current regime of trade treaties as being unfair trade deals that soak America. What we have now is not “free trade.”
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On July 29 2018 22:31 xDaunt wrote:Show nested quote +On July 29 2018 22:00 JimmiC wrote:
Does anyone else think it is odd that the "right" hates free trade and the "left" is fighting for it. This is opposite world. This is a bit of a misnomer. It’s not that the right generally hates free trade so much as it sees the current regime of trade treaties as being unfair trade deals that soak America. What we have now is not “free trade.”
Well to be fair, threatening and imposing tariffs is not "free trade" either.
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On July 29 2018 22:55 levelping wrote:Show nested quote +On July 29 2018 22:31 xDaunt wrote:On July 29 2018 22:00 JimmiC wrote:
Does anyone else think it is odd that the "right" hates free trade and the "left" is fighting for it. This is opposite world. This is a bit of a misnomer. It’s not that the right generally hates free trade so much as it sees the current regime of trade treaties as being unfair trade deals that soak America. What we have now is not “free trade.” Well to be fair, threatening and imposing tariffs is not "free trade" either.
Of course not, but they are tools that can be used towards that ultimate end.
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On July 29 2018 21:55 Dan HH wrote:Show nested quote +On July 29 2018 20:59 screamingpalm wrote:On July 29 2018 20:22 RvB wrote:On July 29 2018 19:13 screamingpalm wrote:On July 29 2018 19:02 RvB wrote:On July 29 2018 18:26 screamingpalm wrote:On July 29 2018 18:19 RvB wrote:On July 29 2018 17:21 screamingpalm wrote:On July 29 2018 15:20 RvB wrote:On July 29 2018 14:30 screamingpalm wrote:
[quote]
It's more situational and nuanced, but in general, and in a FIAT system, federal spending raises aggregate demand and leads businesses to hire in order to meet higher production demands. Spending also has to come before taxation- if you look at how economies are formed, no one can pay a tax until they receive the currency. Once a tax is levied, you have unemployment. Now people need to find a way to pay the tax. The official unemployment numbers also do not factor people who gave up looking and underemployment. I do not believe that we have reached productive capacity.
Where I disagree with Dan, is that the US dollar is not limited by a commodity like colonial Spain was. It used to be when we were on the gold standard, but Nixon took us off of that in 1971. There could potentially be an issue of devaluation if we suddenly doubled the money supply, but I haven't seen very much evidence of this in practice. Then how do you explain stagflation? Stagflation was a term that was used in the 70's of a cost-push issue driven by OPEC's pricing power. They acted as a sort of cartel by consistently raising the price of oil. In '78, natural gas started being used by utility companies and OPEC had to cut production- but they ended up with far too much supply and prices dropped again (it was a supply response that broke it). Keynesian views lost out to monetarists in the mid-70's and the budget hawks cut the spigot of federal spending. That's only half an explanation for stagflation. All else being equal an increase in the price of oil will lead to reduced demand and inflation in other products. Average inflation shouldn't budge much. Only when you couple the shock of rising oil prices coupled with an increase in the money supply causing further inflation is stagflation possible. Your framework doesn't account for stagflation since, in your own words, printing money doesn't cause inflation unless we have full unemployment. That's not how cost-push works. Certainly with oil, it has a big effect on prices of other goods. During the 70's we had budget hawks and high levels of taxation draining the economy. It's exactly how cost push works. Cost push is a short term phenomenon. Long term money is neutral and long term inflation is caused by growth in the money supply. Cost-push can have long term effects. Anyway, ask Japan how that inflation is working out lol. (Spoiler alert: it didn't work). Cost-push only works because of sticky pricing. Long term prices adjust. You haven't really provided any argument to the contrary. Inflation in Japan has been trending upwards after abenomics (from deflation/zero inflation to a core inflation near 1%). In both the US and EU inflation has been trending upward as well after QE. Nice shifting of goalposts though. Cost-push of the 70's ended when utilities started using natural gas and OPEC was stuck with a massive supply causing prices to drop. You are the one claiming it was "printing money". Japan's core inflation is around .2% if you exclude food and energy. Wake me up when the OMG we're gonna die hyperinflation hits from doubling the money supply. https://www.msn.com/en-us/finance/markets/japan-e2-80-99s-inflation-inches-higher-thanks-to-energy-costs/ar-BBKPVgu They didn't double the money supply, there's hardly any change at all in rate of increase in the years before and after that Guardian article claiming they're doubling the money supply. A rate which is actually lower than America's or Germany's.
Well to be fair, the article is a bit misleading in that QE doesn't increase the money supply. But if we take into account all monetary instruments (their debt to GDP is something like 200%) I think it's close, though I haven't done the math. In any case, I'd say they have certainly done quite a bit of "printing money". 
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On July 29 2018 22:29 xDaunt wrote:Show nested quote +On July 29 2018 14:03 Plansix wrote:On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. https://twitter.com/peterbakernyt/status/1023281103745032193Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference” The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed.
idk, in the EU it's hailed as a big win for Juncker as the EU only gave things they wanted to do/willing to do before tariffs even came into place...
I'm not sure that's "making someone come to the table".
Unless you're specifically talking about selling it as such, which would be another thing I guess.
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In Econ 101, they always say that "imports are a real benefit, and exports a real cost". Meaning that a nation that receives another country's labor, real resources and finished goods in exchange for credits of a monetary sovereign nation, ends up with a huge boost to quality of life standards. This is more useful for a country having full employment though, but generally speaking, the paradigm being seen in the trade wars seems really odd at times- and what people consider to be "fair" trade heh.
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On July 29 2018 23:03 Toadesstern wrote:Show nested quote +On July 29 2018 22:29 xDaunt wrote:On July 29 2018 14:03 Plansix wrote:On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. https://twitter.com/peterbakernyt/status/1023281103745032193Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference” The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed. idk, in the EU it's hailed as a big win for Juncker as the EU only gave things they wanted to do/willing to do before tariffs even came into place... I'm not sure that's "making someone come to the table". Unless you're specifically talking about selling it as such, which would be another thing I guess.
The major component of the pledge is renegotiating EU/US trade relations. This is going to happen, which the EU does not really want. But Trump is forcing them into it nonetheless. What the EU is getting out of this is delayed US action on EU exports. The real winner in this regard is Merkel, who knows that Germany will take a big hit if Trump puts additional tariffs on German cars that merely match EU tariffs on US autos. She can’t afford that politically right now.
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United States42689 Posts
On July 29 2018 23:11 screamingpalm wrote:
In Econ 101, they always say that "imports are a real benefit, and exports a real cost". Meaning that a nation that receives another country's labor, real resources and finished goods in exchange for credits of a monetary sovereign nation, ends up with a huge boost to quality of life standards. This is more useful for a country having full employment though, but generally speaking, the paradigm being seen in the trade wars seems really odd at times- and what people consider to be "fair" trade heh.
Imagine for a minute that China is not another nation but some complex machine or alien being that eats soy beans and shits electronics. Given the suitability of the US for growing soybeans and the cost and complexity associated with producing electronics it would be extremely irrational not to feed soybeans to the China. It’s no different than using any other machine to turn your available resources for inputs into outputs of greater value.
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United States42689 Posts
On July 29 2018 22:29 xDaunt wrote:Show nested quote +On July 29 2018 14:03 Plansix wrote:On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. https://twitter.com/peterbakernyt/status/1023281103745032193Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference” The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed.
Last night you were describing this as a deal, now it’s getting them to the bargaining table. Is there no longer a deal?
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On July 29 2018 23:19 KwarK wrote:Show nested quote +On July 29 2018 23:11 screamingpalm wrote:
In Econ 101, they always say that "imports are a real benefit, and exports a real cost". Meaning that a nation that receives another country's labor, real resources and finished goods in exchange for credits of a monetary sovereign nation, ends up with a huge boost to quality of life standards. This is more useful for a country having full employment though, but generally speaking, the paradigm being seen in the trade wars seems really odd at times- and what people consider to be "fair" trade heh. Imagine for a minute that China is not another nation but some complex machine or alien being that eats soy beans and shits electronics. Given the suitability of the US for growing soybeans and the cost and complexity associated with producing electronics it would be extremely irrational not to feed soybeans to the China. It’s no different than using any other machine to turn your available resources for inputs into outputs of greater value.
Oh sure, I don't mean to say that a country should not export, just question what people see as "fair trade".
I guess that I am especially curious as to what xDaunt considers it to look like.
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http://www.dailymail.co.uk/news/article-6003457/amp/Mystery-Russia-LIQUIDATES-holdings-Treasury-securities.html
The Russian government has sold off the vast majority of its holdings of US Treasury securities for reasons that remain mysterious, in a dramatic move that experts are calling unprecedented.
A US Treasury report released on July 18 shows that Russian holdings of Treasury securities declined by 84 per cent between March and May, down to just $14.9 billion from March holdings of $96.1 billion.
So apparently Russia either knows of an impending crash in the U.S dollar or they tried to crash us, don’t know, but that’s the only thing I can think of when a country essentially sells all their bonds no?
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United States42689 Posts
On July 29 2018 23:22 ShoCkeyy wrote:http://www.dailymail.co.uk/news/article-6003457/amp/Mystery-Russia-LIQUIDATES-holdings-Treasury-securities.htmlShow nested quote +The Russian government has sold off the vast majority of its holdings of US Treasury securities for reasons that remain mysterious, in a dramatic move that experts are calling unprecedented.
A US Treasury report released on July 18 shows that Russian holdings of Treasury securities declined by 84 per cent between March and May, down to just $14.9 billion from March holdings of $96.1 billion. So apparently Russia either knows of an impending crash in the U.S dollar or they tried to crash us, don’t know, but that’s the only thing I can think of when a country essentially sells all their bonds no?
Russia’s bankrupt and their foreign currency reserves dwindling is a symptom of that. It’s not that they don’t want dollars, it’s that their people don’t want rubles.
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On July 29 2018 23:22 ShoCkeyy wrote:http://www.dailymail.co.uk/news/article-6003457/amp/Mystery-Russia-LIQUIDATES-holdings-Treasury-securities.htmlShow nested quote +The Russian government has sold off the vast majority of its holdings of US Treasury securities for reasons that remain mysterious, in a dramatic move that experts are calling unprecedented.
A US Treasury report released on July 18 shows that Russian holdings of Treasury securities declined by 84 per cent between March and May, down to just $14.9 billion from March holdings of $96.1 billion. So apparently Russia either knows of an impending crash in the U.S dollar or they tried to crash us, don’t know, but that’s the only thing I can think of when a country essentially sells all their bonds no?
would you like me to try to make up some alternate explanations? I'm sure if I thought a bit I could come up with a few, not sure how good they'd be ofc.
looking at that article itself; it seems to also offer some reasonable alternate explanations. did you fully read your own article?
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On July 29 2018 23:16 xDaunt wrote:Show nested quote +On July 29 2018 23:03 Toadesstern wrote:On July 29 2018 22:29 xDaunt wrote:On July 29 2018 14:03 Plansix wrote:On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. https://twitter.com/peterbakernyt/status/1023281103745032193Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference” The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed. idk, in the EU it's hailed as a big win for Juncker as the EU only gave things they wanted to do/willing to do before tariffs even came into place... I'm not sure that's "making someone come to the table". Unless you're specifically talking about selling it as such, which would be another thing I guess. The major component of the pledge is renegotiating EU/US trade relations. This is going to happen, which the EU does not really want. But Trump is forcing them into it nonetheless. What the EU is getting out of this is delayed US action on EU exports. The real winner in this regard is Merkel, who knows that Germany will take a big hit if Trump puts additional tariffs on German cars that merely match EU tariffs on US autos. She can’t afford that politically right now.
See, that's the kind of stuff that's either being dishonest or you really aren't aware (I think that's highly unlikely):
The EU has 10% on all kinds of automobiles throughout the bench.
The US has either 3% or 25%.
You only mention the 3% (or to be precise "allude to") and talk about putting that to the same 10% the EU has while ignoring the 25% you guys already have.
From the way it was reported over here at least it sounds like all 3 are dropped/reduced to put them on a more even level, which would make it a lot easier to export SUVs into the US for example.
But you don't want to mention that for obvious reasons. You only talk about the EU 10% getting reduced while assuming that the 25% the US has is not part of it?
And if you think that the EU (Germany in particular) would be against this you are absolutely wrong. There have been offers like that before the tariffs where in place, in particular from Germany because duh and later on as well.
The idea that the EU is against reciprocal trade stems from the idea that only the EU would be giving something up in this case.
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On July 29 2018 23:21 KwarK wrote:Show nested quote +On July 29 2018 22:29 xDaunt wrote:On July 29 2018 14:03 Plansix wrote:On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. https://twitter.com/peterbakernyt/status/1023281103745032193Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference” The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed. Last night you were describing this as a deal, now it’s getting them to the bargaining table. Is there no longer a deal?
As usual, you have completely missed the mark with your relentless strawmanning. Go take another look at the post. The term "deal" or any approximation thereof does not appear in what I wrote. And considering that The Weekly Standard article that was being discussed does not state that a trade deal was finalized -- only stating that there was agreement to renegotiate the existing deal on a certain set of parameters -- your misconstruction of the posting in this case is particularly egregious.
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On July 29 2018 23:42 Toadesstern wrote:Show nested quote +On July 29 2018 23:16 xDaunt wrote:On July 29 2018 23:03 Toadesstern wrote:On July 29 2018 22:29 xDaunt wrote:On July 29 2018 14:03 Plansix wrote:On July 29 2018 10:16 xDaunt wrote:On July 29 2018 08:26 A3th3r wrote:https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-warTrump continues to shock the world, as he seems to be all about these days. In any case, this is a good trade deal that is a mutually beneficial arrangement. The author of "the art of the deal" comes through with a winner of a deal here. I think that the EU purchasing more soybeans & American oil is a good thing. It sounds like they are working to protect copyright law worldwide as well, a measure that China is stridently against, being the copycats that they are. You know it’s a huge victory for Trump when The Weekly Standard has nice things to say about it. And it wasn’t exactly hard to see that this was the most likely outcome of Trump’s trade policy. The US has all of the leverage as it has the market that these countries depend upon and it is the country running the trade deficits. https://twitter.com/peterbakernyt/status/1023281103745032193Do you pay sticker price at the car dealerships too? Or get your coolant changed out for anti-freeze? The EU has been quick to collect the record and by saying they are not fucking over their farmers to make Trump happy. NK is stillproduxing nuclear fuel and it will take years to verify the remains they returned to us. Last time NK gave us back remains, some of th where animal bones. But yes, a huge win if you lower your standard “held a press conference” The EU can say whatever it wants at this stage. The bottom line is that Trump got them to the bargaining table. As with North Korea, we will see what happens next. But Trump campaigned on renegotiating trade deals, and that is exactly what he is doing, despite massive protestations from his opponents that he won’t succeed. idk, in the EU it's hailed as a big win for Juncker as the EU only gave things they wanted to do/willing to do before tariffs even came into place... I'm not sure that's "making someone come to the table". Unless you're specifically talking about selling it as such, which would be another thing I guess. The major component of the pledge is renegotiating EU/US trade relations. This is going to happen, which the EU does not really want. But Trump is forcing them into it nonetheless. What the EU is getting out of this is delayed US action on EU exports. The real winner in this regard is Merkel, who knows that Germany will take a big hit if Trump puts additional tariffs on German cars that merely match EU tariffs on US autos. She can’t afford that politically right now. See, that's the kind of stuff that's either being dishonest or you really aren't aware (I think that's highly unlikely): The EU has 10% on all kinds of automobiles throughout the bench. The US has either 3% or 25%. You only mention the 3% (or to be precise "allude to") and talk about putting that to the same 10% the EU has while ignoring the 25% you guys already have. From the way it was reported over here at least it sounds like all 3 are dropped/reduced to put them on a more even level, which would make it a lot easier to export SUVs into the US for example. But you don't want to mention that for obvious reasons. You only talk about the EU 10% getting reduced while assuming that the 25% the US has is not part of it? And if you think that the EU (Germany in particular) would be against this you are absolutely wrong. There have been offers like that before the tariffs where in place, in particular from Germany because duh and later on as well. The idea that the EU is against reciprocal trade stems from the idea that only the EU would be giving something up in this case.
Are you actually going to argue that the current auto tariff regime does not -- on the whole -- benefit the EU as it pertains to auto trade? Presuming that you're not (which you shouldn't), your post above looks quite frivolous.
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Uhm... has everyone forgot about TTIP? The EU and the US have been at the bargaining table for a long time... Until Trump put it on hold. The claim that Trump got the EU to the bargaining table is just dumb.
Also, the EU is a group of 28 of countries bound together by... the idea of having no trade barriers among one another. President Trump got elected on a protectionist trade policy. Today isn't opposite day and facts matter.
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EPT
