WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Friday added the 27 countries that make up the European Union to the list of trade partners he’s threatening with tariffs — unless the group takes steps to import more U.S. goods.
“I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas,” Trump posted shortly after 1 a.m. on social media. “Otherwise, it is TARIFFS all the way!!!”
Interesting he’s had the idea to force the world to become less dependent on trade with the US
Kinda thought of all things he wouldn’t want to risk reducing the value of the dollar like that
Edit: won’t this also make the prospect of moving more global businesses abroad more appealing?
hope everyone enjoys argentina style 200% inflation
That’s unfortunately not gonna happen since the US has the world reserve currency but it looks like he’s doing his best to change that
Sadly cannot expect it to change bit it would really be funny if the reserve currency changed to something else like the € for example.
Yeah, euro is a good candidate, inflation target is 2% and is pretty stable and widely accepted. The Mercosur deal might tip the scales pretty heavily towards the euro since Latin America uses mostly USD for international transactions.
The BRICS currency would also be a strong candidate if that ever happens.
We can expect it to change actually. We’ve known for decades that we’re entering another multi polar era. One of the biggest criticisms of GOP presidents since Reagan is their cavalier attitude to this fact. They keep trying to strong arm other countries like there’s no alternatives and every time they do that they generate political will to move away from the US in other countries.
That’s what he wants, he’s all about the bitcoin and his own versions of it.
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Probably influenced by the enormous amount of money oil barons spent on him, of which they almost certainly did with an expectation of return on investment.
His desire to “Drill baby drill!” and relax restrictions on oil drilling—including drilling into a wilderness reserve previously uninterrupted by man—and his apparent distaste for EVs and green energy, makes it pretty obvious whose hand has firmly lodged itself right up his arsehole.
The man needs oil to sell to please his owners, and belligerently trying to force the EU to increase their purchases is just another one of his hare-brained schemes.
He seems to think that a trade deficit means that the US is losing money. That’s obviously as incorrect as the idea that tariffs are paid by the country they are enacted on, rather than the country that is enacting them, but if he really does believe both of those things, his behavior makes some sense.
Don’t they risk oversupply and pushing the price down if they start up even more drilling?
Can someone just declare war on us already and end your suffering
Texas is really close everytime someone tries to give minorities their rights back.
I’d say “dew it”!
Let’s see if your top-secret-paperwork dumpsite mar-a-lago can pay for it’s flowers and Gouda cheese selections… And how long 'till it will serve domestic boxed Florida Swamp wine and “bubbles” since Italy or France won’t ship anymore.
In his mind it’s a trade deficit that the EU refuses to buy the US’ chlorine drowned chickens, or make their own coca cola without corn syrup…
So, not to detract from your overall point, but apparently there’s functionally no difference between soda sweetened with sugar and corn syrup. The reason why is after a month or so of sitting on the shelf the acidity of a carbonated drink has converted all the sucrose (table sugar) into a 50/50 mix of glucose and fructose. Corn syrup is a 45/55 mix of glucose and fructose.
So while a corn syrup sweetened coke would have ~5% more fructose than one sweetened by sugar, the difference is so minuscule as to be effectively identical. In other contexts (such as in baked goods, candies, or non-carbonated drinks) there is a difference between using sugar and corn syrup, it’s just in the specific case of carbonated drinks that it doesn’t matter.
Aha, thanks, I was not aware it made just a neglectable difference in sodas.
Just throw U.S. on that list while you’re at it why not
I can’t wait until he learns a new word.
Putin trained the fucker well. First he poisons relationships with neighbors, then the EU. Full ongoing division tactics. Straight out of the brexit cookbook. The only thing that’s missing now is for him to pompously declare independence from the EU or smth.
I thought they were already considered to be in the list for tariffs.
Uninviting the entire class from your birthday party
Sir, yourope? That’s spelled EUROPE. OK all good? Let me know if you need anything else! Oh diaper change? Already? OK I’ll call Jason and Bobby and Fred they know how to do it. They are the bigliest experts.
Mr Cheetos has an interesting view on free market.
Good, let’s make it mutual, including internet services
