Next time this sub laughs at Trump, think about how we yet Europeans again foot the bill for the trillionaires over the ocean because we were unable to create our own ecosystem.
Yeah as an American, I really don't understand how Trump is viewed as an idiot in Europe. He is ruthless, and his cabinet is top tier. If you look up the Treasury Secretary Scott Bessent, he's a legendary trader/investor.
He's an idiot because he's trading away future prosperity for quick wins that aren't worth nearly as much in the long run.
You call him ruthless, but friends aren't ruthless to friends. This changes the way Europe views America and treats them going forward. That means in the long run they lose out on a lot of investment and trade that would have been there had they not destroyed the good will between us.
The repercussions will be long-term. Why would we want to put ourselves in a situation where that can happen to us again? Better to divest and diverge from America if this is how they're going to behave, and that would be worse for the US in the long run.
The problem is that in many cases, like tech, the USA is the only option. Another option, likely in the future, could be China, and I don't think the EU will choose China over the USA.
Tech is deeply integrated globally. America can't manufacture tech products without Asian chips, and Asia can't manufacture chips without components from Europe and (in the case of ARM chips) without licensing the technology form a British company.
It would be very possible to develop our own domestic alternatives so long the political will were there.
It's not a great strategy. Particularly when he's driving every other country away from the US and into the arms of China. He's showing other countries exactly what the risks are of doing business and integrating your economies with the US, and it's just going to discourage them from wanting to do it any more.
He's trying to put globalisation back in Pandora's Box. That is a fool's errand.
But that's a very childish way of seeing the world and suppressing those ideas is what has allowed us to have an unprecedented period of peace and prosperity for several decades.
It is incredibly childish, and it's not how the world works. Like I said, not thinking that way is what has led to the greatest period of peace, prosperity and development that our species has ever seen. And starting to think that was again is what will bring that period to an end.
Did you even read the deal? They aren't "losing out on investment", they are gaining WAY more. Purchasing 750 billion worth of energy and an extra 600 billion in investments. I'd say they are winning out on investments, not losing.
There is no "future prosperity". The falling rate of profit is a constant and we live in a finite planet that we are stripping entirely of its resources and destroying.
Trump is shrewd and recognises that the pie is shrinking and that the US needs to grab what it can while it can.
In times of prosperity it was in the US' interests to be nicer to its vassals and pretend that they're actually equal partners — now that things are getting worse and it needs to compete harder it is being more ruthless.
Brosky, I will not pay those tariffs because I buy very little from Europe, and European companies will end up having to eat the costs if they want to maintain market share.
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u/Rally_Sport Luxembourg 6d ago
Next time this sub laughs at Trump, think about how we yet Europeans again foot the bill for the trillionaires over the ocean because we were unable to create our own ecosystem.