Comments by "Paul Aiello" (@paul1979uk2000) on "Al Jazeera English" channel.

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  30. The last one was with George W Bush, the US backed down after two years and felt insulted because the EU was targeting Bush himself. Also, it's not about exports or imports, it's about size and the fact is, the EU and China are more then big enough to be fine without the US, more so as they will continue to trade with the rest of the world whereas the US wants to shut up shop. In the end, the more tariffs the US does, the more jobs that will flood out of the US like Harley Davidsons said they would do, because at the end of the day, corps will do whats in there intrest and the fact is, most of them make there money around the world, so if push comes to shove, Trump could end up pushing a lot of jobs out of the US which would be funny to see with his American first policy. That guy really doesn't have a clue about economics, he honesty thought that the others around the worldn't wouldn't dare put tariffs on US goods lol, what an idiot to think that when history shows us time after time that they do, in fact with Trump, they have no choice but to put tariff on US goods because Trump would think he's won and do even more if others bend over. In the end, if more tariffs on each others goods keep happening, all it will end up doing is hanging Trump up by a lamp post by his own people once the damage starts to kick in, Trump boxed himself in now and he doesn't know how to get out of it without his ego taking a hit, the EU and China are laighing all the way because this is weakening the US around the world whiles changing the political landscape away from the US.
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  31. That doesn't mean it wasn't a trade war, just that the US didn't go all out because the EU forced them to back down. As said, the EU and China are big enough to stand on it's own feet, the others not so but because the EU is open, they can trade a lot more with them if the US closes down. Also, there is a lot more to trade wars then just surplus with them, China can use all sorts of other tricks to hurt the US if it comes to that, in any case, it's the US who is really kidding it's self thinking they could win this, I don't think the US have ever won a trade war over the EU because the EU fights back hard, it looks like China will as well and in the end, the EU and China will keep trading around the world so the damage done is less to them then it is to the US, all this is doing is isolating the US from the rest of the world. As for the US job figures and yet the debt levels didn't come down over that time, in fact they've gone up. Trump became president because people are fed up with how things are, just like how Brexit happened, but these actions wont solve what the people want, it's likely to make things worse, the reality is, the voting public are not a very good judge at voting whats good for them, hence the major flaw in democracy. China will slow as they close the gap with the EU and US per capita, thats to be expected, still they are growing much faster then us and likely will for a few decades more, as for the world economy, yes it will take an hit but the hit will be far worse for the US and the longer it drags on for, the more trade that will be re-routed to other countries, it's the US that loses out here the most. In any case, who cares, this is how power is lost, if you check history out you'll see that the ones that make the most noise are the ones that are on decline, the US knows that power is shifting towards Asia and are getting desprate, it all started around 9/11 with the Euro making traction around the world, the US didn't like that, the irony is, US action didn't stop it and Trump's actions are likely to speed things up.
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  32. Tariffs was put on each others goods, that is a trade war, in fact because the EU is smart and was tactical in how they put tariffs on goods by targeting red states, Bush took it personally, in the end after 2 years, the US backed down because you can't win a trade war if the other players fight back just as much, it ends up hurting all saids and in the case of this one with the US having trade wars with many, it ends up hurting the US the most. As for the US, it's not so much about dominating the world but dictating world order but the US knows it's losing it's grip on that, you don't seem to understand that after world war two, the US rigged a lot of the system in it's favor, how do you think the US Dollar became the reserve currency? it wasn't by chance, the idea was that the US could print off a lot of paper money, the irony is is that is under threat now and that could be a big problem for the US as China holds a lot of the US debts. As for the rest, trade with the EU and US is quite balanced, Trump likes to go on about Europeans not buying Americans cars, well it's a diffrent market, American made cars don't sell that well outside the US unless they've been redesigned for the local market, why do you think American cars that are sold in Europe don't look like the American version?, this is the real problem here, European cars sell well in the US without any change but Americans cars don't without a redesign and in most cases they end up making thoes American cars in the EU, Trump can't win on that one because he doesn't understand economics of the global economy. Beside, most American corparations make most of thier money from around the world, you might not like that fact but these companies would leave the US if the US becomes too tough or unstable to do busisness in because companies only care about money and thats in the world economy.
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