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The first 100 days
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Tinus
Posted 5/2/2025 09:29 (#11211003 - in reply to #11210965)
Subject: RE: The first 100 days


If you're genuinely interested why Europeans didn't have an issue with Biden's trade policy (mostly shaped by all his predecessors):

This is the stance of the EU:

"When goods and services are taken into account, the EU has a small surplus with the US of €48 billion; this is the equivalent of just 3% of total EU-US trade (€1.6 trillion). It should also be noted that the EU has a trade deficit with the US when it comes to trade in services, where the US records a surplus of €109 billion. In this sense, our economies complement each other very well."
https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_541

Contrast this with what Trump said:

"Trump claims that the U.S. has been 'looted, pillaged, raped, plundered' by trade partners like the EU. He cited the EU’s €156.6 billion trade surplus in goods with the U.S. as evidence of "looting" American economic interests, while conveniently leaving out the trade in services."
https://www.euractiv.com/section/economy-jobs/news/trump-accuses-eu-of-treating-us-very-very-unfairly/

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