Comments by "Valen Ron" (@valenrn8657) on "The confusion over Trump's trade negotiation strategy" video.
-
1
-
1
-
https://global.handelsblatt.com/politics/trump-may-point-eu-tariffs-ifo-says-899083
“The EU is by no means the paradise for free traders that it likes to think,” said Gabriel Felbermayr, director of the ifo Center for International Economics, a division of the Munich-based ifo Institute. The European Union actually comes off as the bigger offender when compared to the US, he added. The unweighted average EU customs duty is 5.2 percent, versus the US rate of 3.5 percent, according to ifo’s database.
So when Mr. Trump complains of “massive tariffs” he is not that far off the mark in several cases. And he does complain. “If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a tax on their cars, which freely pour into the US,” the president tweeted earlier this month. “They make it impossible for our cars (and more) to sell there. Big trade imbalance!”
....
In fact it wasn’t even Mr. Trump who first broke off negotiations over a US-EU free trade deal known as the Transatlantic Trade and Investment Partnership (TTIP), the German economist noted. It was actually the EU that put the unpopular talks “on ice” ahead of elections in France and Germany.
1
-
1
-
1