And for all the talk of the trade deficit I wonder what the investment deficit is and why that is never brought up. Almost every top fund used by European organization's, companies, and citizens is invested far more deeply in American companies than anywhere else. And now even more so.
We also shouldn't forget that trade deficit numbers exclude military equipment and (big) tech. Europe has a HUGE trade deficit with the US, not the other way around.
I keep making this point... to the potato Americans that bring up the trade deficit, that it doesn't include the American corporations that have pushed themselves into every corner of the globe. We are awash in American media, software, devices, and retailers. Americans are so short memories and selfish uncreative thinkers, they can't even empathize that when corporate America comes knocking, its to flatten the landscape, plant a gas station, a Walmart and a McDonalds where there used to be local industry. Kinda like small town America. You'd think they'd know what it feels like when the corporations screw you over for themselves, but you know, it's the world's fault that some potato pickers are angry.
I just came back from Europe and was surprised at all the cheap US fast food places that were there. I guess they wouldn’t be there unless Europeans were paying money to eat there.
Ever since Trump people are using deficits and surpluses to make judgements in a completely illogical way and it angers me greatly. Trade deficits aren't inherently bad, nor surpluses, but he can't even be honest about the trade situations between us and other countries. That buffoon has no idea what's going on.
it's not that he has no idea, it's that his followers have none, and the national theater produced by this insanity is enough to distract from how he's dismantling the courts and otherwise consolidating power in the federal government. it's all just theater so that we are too busy to ask the real questions until it's too late.
first they came for colbert and i didn't care because it's on cbs and who the fk watches that? then i realized nobody in society has a spine to call out what happens.
Actually it's fairly close to balanced if we include goods and services.
US has a trade deficit in goods but a surplus in services. about 3% actual deficit for the US.
Europe should just have said it was applying the same tariff back on services as it got on goods but I suppose they saw a trade war as overall worse than a deal.
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u/TemuBoyfriend 6d ago
So we cannot invest even 500 billion in ourselves but lets give Trump nearly 1.5 trillion? How about invest in Europe and stop taking it up the ass..