> Stephen Miran, chair of the Council of Economic Advisers, delivered a speech at the Hudson Institute complete with a to-do list for other countries looking to lighten the load that “unfair barriers to trade” and “unsustainable trade deficits” have supposedly inflicted on the United States.
> Other countries should work to improve “burden sharing” to address the issues, a process that could take many forms, said Miran.
> For instance, countries could roll over and accept Trump’s tariffs without retaliation. “Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods,” Miran said in his remarks.
> Miran said that countries could “stop unfair and harmful trading practices” by buying more American products, specifically noting that countries could boost defense spending and procurement from the U.S. by “taking strain off our servicemembers and creating jobs here.”
> He also suggested that countries invest in U.S. manufacturing and open factories in the U.S. “They won’t face tariffs if they make their stuff in this country,” Miran said.
> Finally, Miran said that countries could “simply write checks” to the Treasury Department.
> Miran argued that other countries ought to comply with Trump’s demands for more money because of the “global public goods” that the U.S. provides, including global security and the dollar and other reserve assets, “which make possible the global trading and financial system which has supported the greatest era of prosperity mankind has ever known.
> “In my view, to continue providing these twin global public goods, there needs to be improved burden-sharing at the global level,” Miran said. “If other nations want to benefit from the U.S. geopolitical and financial umbrella, then they need to pull their weight, and pay their fair share. The costs cannot be solely borne by everyday Americans who have already given so much.”
aarkwilde on
Our country is being run into the ground by incompetent madmen.
ce_km_r_eng on
Media risk a stroke with their coverage of ongoing negotiations.
Visible_Bat2176 on
:)) another day, another garbage from the defunct US :))
Cosmos1985 on
So will there ever be any specifics about how exactly other countries allegedly are treating the US unfairly?
ArtemisJolt on
The US is about to find out very quickly that although it’s really nice to do business with them, nobody really has to if they really don’t want to
toolkitxx on
Holy shit *’Finally, Miran said that countries could “simply write checks” to the Treasury Department.’*
**We finally have the offical confirmation: this is an extortion racket!**
*Miran argued that other countries ought to comply with Trump’s demands for more money because of the “global public goods” that the U.S. provides*
SpeakerConfident4363 on
This feels like the real version of Star Wars during the empire days. Minus the bombing vessels shooting lasers at the countries.
HzUltra on
I wonder what will happen to all his followers after he is gone from the white house.
burglin on
I voted against him 3 times, donate to democratic campaigns, and call out/correct my friends and family who repeat right wing propaganda shit. Obviously that means nothing now that they have four fucking years to ruin as much as they can touch, but I’m so sorry for the unfettered chaos that the rest of the world is now dealing with. We had four years of it last time, and apparently 75 million idiots saw that and decided they wanted another four.
Will_B_Banned on
I know we should not promote violence, but man that face is a knuckles invitation.
heretek on
Well. We got our answer. They want tribute from all other countries, basically as if we are Rome at the height of the Roman Empire.
LimonSoleil on
You couldn’t sabotage the country more if you tried. I can’t believe it’s only been a few months of this insanity!
the_law_potato2 on
>Miran said that these factors had led to a “decline of our manufacturing workforce by over a third since its peak and a reduction in our share of world manufacturing production of 40 percent.”
He means that time when the world economy was completely destroyed as a result of WW2 and Europe was devastated, China was devastated, and US was the only economy left standing? That time? Can’t imagine how the share of US world manufacturing reduced, might be that some countries recovered, but who knows, it’s a mystery. /s
SpecificOk1146 on
Why won’t Europeans buy American made cars? They walk everywhere already.
ClearHeart_FullLiver on
Trump is just a Russian puppet treat him as such.
Striking-Fix7012 on
No negotiation will take place.
Similar to treating a baby, you give him an inch, he goes for a yard next.
nelrob01 on
I think the title should be: Insane trump advisor releases list of stupid demands….
GenXAndroidGamer on
We are one step away from these blokes telling us *or else we will send the army for that money*
lambaroo on
are these people ingesting huge bags of colombia’s finest marching powder every morning or something?
BlackwingF91 on
These are the demands of someone who never once planned on negotiating. I see they are fully learning from their russian masters
TokyoBaguette on
The arrogance is off the chart.
This is Brexit * 1000 on all aspects… Inane economics, “they need us more than we need them” etc etc.
Atys_SLC on
You know where I saw the same negotiation tactic recently? A clue, this country isn’t affected by tariff.
Particular-Rip-515 on
What is this drivel? Just write checks? Steal jobs and manufacturing? I don’t even get this narrative. US CEOs along with many others chose this to keep profits high. No one forced them.
FutureInternist on
This is mafia shit
Markis_Shepherd on
That is the craziest thing I have seen from any of the two Trump administrations. Pretty sure. It really will end with ”pay up or we will bomb your country”.
watch-nerd on
Almost no large economy is going to agree to those things.
Savage-September on
These demands simply cannot and will not be met or accepted. These are impossible demands for any nation. Trump will not negotiate, he will not reason. And I fear that even if these demands were met, it will change nothing. This is how racketeering works. This is mafia style negotiations. We simply cannot meet these demands without suffering huge irreparable damage to our own economies.
Charlotte_Russe on
US created a trade war, tanks own economy, makes ridiculous demands of other countries. And when countries refuse, and the US goes into a self-made recession, Trump will blame us.
Bring it. I can’t wait to see Make America Great Depression Again!
Prudent_Falafel_7265 on
I like option C.
Do nothing, wait for Trump’s term to end, and deal with someone not insane.
Ok-Brick-4192 on
The level of self importance amongst the Americans never stops making my jaw drop.
whoiamidonotknow on
Please hold strong against this abusive bully dictator, Europe. Write your reps and leaders that you stand firmly against this.
In addition to everything else, Trump has played this game against Americans. Some of the more spineless cowards (some big law firms) decided to cave. He promptly did as bullies do: demanded more, and more, and more. The only way you beat this is ignore, laugh, and boycott. We are over here protesting and calling our reps and boycotting the big American companies; we stand united ourselves and, hopefully, with Europe against this tyrant.
Hot_Perspective1 on
And there it is. The reason why they want Europe to spend more on defence. Money…for them. The same reason they want Canada and Greenland. I guess no one really believed “because of US national security” to begin with but it is nice to have it in writing finally. We are bags of money to these people.
If the EU fails in negotiating with this lunatic im all in favor of cutting them off entirely from our continent. Fuck their tech, fuck their sodas and fuck their arms industry. Lets see how they like it when their house of cards come tumbling down.
Adili811416 on
Number one priority: Your president can’t be a penguin!
Kawa46be on
At least we can enjoy the fall of a great empire real time in our lifetime. I was a little late born to see fall of Constantinople. /s
UggFlintbone on
When you wanna be Borg but come off as Ferengi instead..
_JukePro_ on
Hey Americans, you guys known for wanting to keep your guns to fight against “the goverment” if they get too greedy. My question is what the fuck is currently happening as only an insurance Ceo got shot who didn’t even create the system that he exploited?
The_Frostweaver on
write checks to the treasury department???
Japan and China already buy a ton of low yield treasury bonds and that didn’t save them. He wants cash transfers? he is insane!
38 commenti
> Stephen Miran, chair of the Council of Economic Advisers, delivered a speech at the Hudson Institute complete with a to-do list for other countries looking to lighten the load that “unfair barriers to trade” and “unsustainable trade deficits” have supposedly inflicted on the United States.
> Other countries should work to improve “burden sharing” to address the issues, a process that could take many forms, said Miran.
> For instance, countries could roll over and accept Trump’s tariffs without retaliation. “Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods,” Miran said in his remarks.
> Miran said that countries could “stop unfair and harmful trading practices” by buying more American products, specifically noting that countries could boost defense spending and procurement from the U.S. by “taking strain off our servicemembers and creating jobs here.”
> He also suggested that countries invest in U.S. manufacturing and open factories in the U.S. “They won’t face tariffs if they make their stuff in this country,” Miran said.
> Finally, Miran said that countries could “simply write checks” to the Treasury Department.
> Miran argued that other countries ought to comply with Trump’s demands for more money because of the “global public goods” that the U.S. provides, including global security and the dollar and other reserve assets, “which make possible the global trading and financial system which has supported the greatest era of prosperity mankind has ever known.
> “In my view, to continue providing these twin global public goods, there needs to be improved burden-sharing at the global level,” Miran said. “If other nations want to benefit from the U.S. geopolitical and financial umbrella, then they need to pull their weight, and pay their fair share. The costs cannot be solely borne by everyday Americans who have already given so much.”
Our country is being run into the ground by incompetent madmen.
Media risk a stroke with their coverage of ongoing negotiations.
:)) another day, another garbage from the defunct US :))
So will there ever be any specifics about how exactly other countries allegedly are treating the US unfairly?
The US is about to find out very quickly that although it’s really nice to do business with them, nobody really has to if they really don’t want to
Holy shit *’Finally, Miran said that countries could “simply write checks” to the Treasury Department.’*
**We finally have the offical confirmation: this is an extortion racket!**
*Miran argued that other countries ought to comply with Trump’s demands for more money because of the “global public goods” that the U.S. provides*
This feels like the real version of Star Wars during the empire days. Minus the bombing vessels shooting lasers at the countries.
I wonder what will happen to all his followers after he is gone from the white house.
I voted against him 3 times, donate to democratic campaigns, and call out/correct my friends and family who repeat right wing propaganda shit. Obviously that means nothing now that they have four fucking years to ruin as much as they can touch, but I’m so sorry for the unfettered chaos that the rest of the world is now dealing with. We had four years of it last time, and apparently 75 million idiots saw that and decided they wanted another four.
I know we should not promote violence, but man that face is a knuckles invitation.
Well. We got our answer. They want tribute from all other countries, basically as if we are Rome at the height of the Roman Empire.
You couldn’t sabotage the country more if you tried. I can’t believe it’s only been a few months of this insanity!
>Miran said that these factors had led to a “decline of our manufacturing workforce by over a third since its peak and a reduction in our share of world manufacturing production of 40 percent.”
He means that time when the world economy was completely destroyed as a result of WW2 and Europe was devastated, China was devastated, and US was the only economy left standing? That time? Can’t imagine how the share of US world manufacturing reduced, might be that some countries recovered, but who knows, it’s a mystery. /s
Why won’t Europeans buy American made cars? They walk everywhere already.
Trump is just a Russian puppet treat him as such.
No negotiation will take place.
Similar to treating a baby, you give him an inch, he goes for a yard next.
I think the title should be: Insane trump advisor releases list of stupid demands….
We are one step away from these blokes telling us *or else we will send the army for that money*
are these people ingesting huge bags of colombia’s finest marching powder every morning or something?
These are the demands of someone who never once planned on negotiating. I see they are fully learning from their russian masters
The arrogance is off the chart.
This is Brexit * 1000 on all aspects… Inane economics, “they need us more than we need them” etc etc.
You know where I saw the same negotiation tactic recently? A clue, this country isn’t affected by tariff.
What is this drivel? Just write checks? Steal jobs and manufacturing? I don’t even get this narrative. US CEOs along with many others chose this to keep profits high. No one forced them.
This is mafia shit
That is the craziest thing I have seen from any of the two Trump administrations. Pretty sure. It really will end with ”pay up or we will bomb your country”.
Almost no large economy is going to agree to those things.
These demands simply cannot and will not be met or accepted. These are impossible demands for any nation. Trump will not negotiate, he will not reason. And I fear that even if these demands were met, it will change nothing. This is how racketeering works. This is mafia style negotiations. We simply cannot meet these demands without suffering huge irreparable damage to our own economies.
US created a trade war, tanks own economy, makes ridiculous demands of other countries. And when countries refuse, and the US goes into a self-made recession, Trump will blame us.
Bring it. I can’t wait to see Make America Great Depression Again!
I like option C.
Do nothing, wait for Trump’s term to end, and deal with someone not insane.
The level of self importance amongst the Americans never stops making my jaw drop.
Please hold strong against this abusive bully dictator, Europe. Write your reps and leaders that you stand firmly against this.
In addition to everything else, Trump has played this game against Americans. Some of the more spineless cowards (some big law firms) decided to cave. He promptly did as bullies do: demanded more, and more, and more. The only way you beat this is ignore, laugh, and boycott. We are over here protesting and calling our reps and boycotting the big American companies; we stand united ourselves and, hopefully, with Europe against this tyrant.
And there it is. The reason why they want Europe to spend more on defence. Money…for them. The same reason they want Canada and Greenland. I guess no one really believed “because of US national security” to begin with but it is nice to have it in writing finally. We are bags of money to these people.
If the EU fails in negotiating with this lunatic im all in favor of cutting them off entirely from our continent. Fuck their tech, fuck their sodas and fuck their arms industry. Lets see how they like it when their house of cards come tumbling down.
Number one priority: Your president can’t be a penguin!
At least we can enjoy the fall of a great empire real time in our lifetime. I was a little late born to see fall of Constantinople. /s
When you wanna be Borg but come off as Ferengi instead..
Hey Americans, you guys known for wanting to keep your guns to fight against “the goverment” if they get too greedy. My question is what the fuck is currently happening as only an insurance Ceo got shot who didn’t even create the system that he exploited?
write checks to the treasury department???
Japan and China already buy a ton of low yield treasury bonds and that didn’t save them. He wants cash transfers? he is insane!