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The United States has placed Switzerland on a list of countries with “unfair trade practices”.
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Switzerland has a positive balance of trade in goods and therefore appears on this list.
Ah that’s why…
We have good arguments. And we have been doing exactly what President Trump wants for a long time.
Maybe it’s time to fucking stop pleasing the orange cunt, he doesn’t care!
This focus on the balance of trade is sooo stupid. The US spends more than it produces so it has an aggregate deficit on the trade balance. To stop this, you need to force Americans to spend less (I.e. ignite a recession), or produce more.
Tariffs against selected countries that have a strong bilateral trade surplus with the US will not affect the US’ aggregate trade balance, since it doesn’t affect consumption by/ or production of the US economy. This is common knowledge from econ 101, and shouldn’t need to be explained to a president that supposedly has a degree in business.
To stop this, you need to force Americans to spend less (I.e. ignite a recession), or produce more.
Well, you need them to import less (i.e. stop making foreign government loans) or export less (i.e. start buying foreign government loans from other countries).
Neither of them is exactly a recession, but it’s a large change that would trigger one if done badly. (AKA, the current administration will absolutely trigger one if they try - they aren’t trying by the way.)
Ehm you have that reversed (or your phrasing is terrible). Production>consumption implies export>imports implies lending to abroad exceeds borrowing from abroad. Said differently, if the current account is in surplus, the capital account is (by definition) in deficit.
To make this all a bit more intuitive: suppose instead of spending money on consumption goods, we invest in foreign assets. In that case we spend less meaning that we either import less foreign goods or have more domestic produced goods available for export. The consequence is an increase in the current account surplus.
or your phrasing is terrible
It’s the standard phrasing.
The loan is a piece of paper (well not anymore, but it used to be) that you make and sell around.
(I.e. ignite a recession)
Don’t worry, Drumpf is on the case!
Does Trump want to fuck with the impenetrable banking fortress nation that is Switzerland?
And we have been doing exactly what President Trump wants for a long time.
And now you can see where it put you. Nowhere.
Welcome to the Trump’s list of bad countries, lets trade with each other.
We’re growing fast …If nothing else, at least Magats won’t be able to hide their gold there anymore.
Lol.
As an American I would give my right nut to live there instead of here.
As Belgian I do think Switzerland is one of the best countries on the entire planet. There’s a reason why they have 30% immigrants, and it’s not because German is a fun language to learn 😁
German
you do not need to learn german, switzerland has german, french and italian speaking regions
Europe needs to see that unity is the way to go. A united Europe is needed to stand against the mad kings in Russia and the US.
Now we just need a King of Europe…
My vote is for Elon Musk. But only if we get to execute him the same day.
The french might have some spare guillotines in storage.
Can you ask them to send a few to America please? Thnx!
it would be way easier than the statue of liberty. barely an inconvenience.
Europe, the place where 27 separate sovereign nations have formed a Union, needs to realise how important it is to be united?
Is that what you’re saying?
Well tbey are commenting this on an article about switzerland, which is not in the EU. Though it is in Schengen and the EEA.
United States of America. The name wasn’t helping us unfortunately.
Omg, we are absolute shit right now.
Does that mean we have to stop calling it swiss cheese and start calling it holes cheese, or holy cheese?
Freedom cheese
✅ Putting holes in things and calling it freedom
Cheese of America?
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LOL… well the clowns were elected to the presidency… why are we surprised at the never ending circus?!
The US is on a way to piss off all of its trading partners and former allies.
We’re never going to recover. He’s speed running the fall of a nation.
At least Nero had some musical talent on display while Rome burned. This guy can’t even dance.
Drumpf had it wrong. It’s not Zelenskyy risking WW3, it’s himself.
“Accuse the other side of what you, yourself, are doing.” The Republicans adopted the Nazi playbook decades ago.
Trump you are not neutral, you are stupid
They’ll pull it back once they realize the billionaires stash some of their money there.
Maybe that’s why. “Y’all have secret bank accounts there, pay up!”
Switzerland enacted reforms years ago. I doubt they’d go after them when they can go after the Cayman Islands or Jersey or wherever. And I doubt they’d go after any rich person’s money. The Panama Papers were published years ago along with others and nothing happened.
Things happened. Namely investigative journalists and whistle blowers were dying like flies.
They don’t have Nazi gold anymore?
Trump is all about pretenses.
There are the “reasons” he’s making those decisions, and then there are the “pretenses” he uses when the opportunity comes around to make them.
Swiss banks hold a lot of money from oligarchs and billionaires. Putin wants pressure put on them. But Trump has to find the “pretense” to do it so as to at least nominally not be seen as a russian asset. But what a coincidence, Lindt announces that they’re going to supply Canada directly from Europe to avoid his tariffs. And BOOM. Pretense established.
