What Europe earns by selling goods to the U.S., it spends on licensing fees for U.S. technology and on U.S. services. Nothing unfair here.
As China’s example shows, a country needs to invest in its future prosperity. Tariffs and tax cuts are no way to get there.
Major U.S. companies cannot be happy about the effects that President Trump’s trade war with China will have on their business fortunes.
Trump sees China as a wealthy country with many poor people, while China sees itself as a poor country with wealthy people.
Those so-called “allies” don’t realize how much they have been on the warpath against the U.S. all along. High time to set the record straight!
Why are Republicans siding with Trump’s trade war? Is it because they are dead-set against the European economic model which seeks social balance?
The U.S. President seems to have the upper hand – for now. He doesn’t realize how his trade actions will backfire at home.
The Trump administration places too much emphasis on reducing the trade deficit — and not enough on investing in future U.S. competitiveness.