Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

muriel_volestrangler

(102,873 posts)
6. A couple of things Reuters points out: net US-EU trade deficit is about $60 bn
Fri Dec 20, 2024, 01:26 PM
Dec 20

ie the US buys, per capita, under $200 worth of goods/services (more goods flow from EU to USA; more services the other direction) more than it sells. That's not "tremendous"; it's about 0.2% of US GDP. And that is not, of course, just a flow of money; it's what is bought and sold on the free market.

And the second point is that it's the free market that determines how much oil and gas the EU buys from the USA, not EU governments. Trump is asking the EU to be all "state-controlled economy" and use public money to control its international trade - to benefit Trump's idea of economics.

What a maroon.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Latest Breaking News»Trump urges EU to boost U...»Reply #6