PharmGirl wrote:Not if we're getting screwed on the trade deal.
Your President, through sheer ignorance is at the moment is screwing the U.S. on trade deals that once in place, cannot be reversed. I'm old and I won't live long enough to suffer any real economic loss from this idiot's short time at the helm. But if you're under 30 you will bear the full consequence of any success he has.
Please allow me yet another lengthy diatribe explaining what your President is doing. There's no simple way to explain the complexity of international trade;
You may not know that Japan has entered into an Agreement with Germany, (that also leads the EU) to reduce all trade barriers to their barest minimum?
Germany has agreed to lower it's 10% tariff on Japanese auto's to zero over the next 7 years, in exchange for Japan zeroing out tariffs on Germany's food imports.
Any idea on what that means for U.S. automakers with a thriving European market? Or what it means to our U.S. Agricultural industry?
Any idea what it means when Japan, the third largest economy in the world, reaches an agreement with the Germany (that leads the European Union) as economically significant in scope as our own NAFTA pact?
Maybe this will give you some idea.
The G-20 countries are; Argentina, Australia, Brazil, Canada, China, France, Italy, Germany, India, Indonesia, Japan, South Korea, Mexico, Russia, South Africa, Saudi Arabia, Turkey & the U.S. the UK and the European Union.
The European Union had 28 member states that form an economically protected trade bloc.
Those 28 countries are; Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. The U.K. has withdrawn from the EU to a degree, but is now trying to preserve it's trade protections negotiated by the EU agreement. PM May's Party recently lost UK's parliamentary majority, leaving Britian's complete exit from the EU questionable.
Collectively the G-20 members make up more than 80 percent of the global economy, around 75 percent of global trade and nearly two-thirds of the world's population.
Germany's true GDP per capita adjusted for purchasing power because it factors in exchange rates, ranks third in the world. Saudi Arabia second & the U. S. first.
Your President's trip to Poland was for Poland's assistance in persuading the Eastern European countries of the EU,
Austria, Bulgaria, Croatia, The Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia to reject Germany's trade pact with Japan.
In exchange the U.S. would make Poland's pre WW2 'Three Seas' initiative a reality. An initiative that would rebuild and tie these Eastern European countries infrastructure and energy grids together.
The chances of this happening are slim to none. Most of the EU's Eastern Countries are dependent on Russia's oil and gas supplies. Something the world glut of natural gas prevents the U.S. from interrupting.
Your President does not have the intellect, skills or wisdom to understand, negotiate or protect U.S. trade interest. The problem is that he is just stupid enough to believe he does.