I find the whole argument being made by Trump about trade imbalances is hugely disingenuous. He deliberately ignores services, which the US exports in a massive way as they’re a services-based economy in 2025. They also export using very large numbers of multinational companies with footholds in almost every market in the world, and he ignores all of that too – and many of those exports are intangibles, things like software, consultancy services, complicated use of IP etc etc. Those profits flow back to the US.
All he sees is physical goods exports, yet he’s the president of a country that runs on services and rather sophisticated modern economy with its tentacles into markets all over the globe. It’s like he and his administration are lost in the mid 1950s somewhere and refuse to comprehend the modern world.
He’s going to seriously hurt long standing trade partners, and his own country’s economy and seems to be determined to just plough a furrow of totally fact free ignorance and economic illiteracy.
ihadtomakeajoke on
So just boycott oil, gas, and medications?
idinarouill on
So the USA is like Russia. A giant gas station with 6,000 nuclear warheads and a lunatic as president.
Ok-Hotel6210 on
After this shameful deal we should boycott US products as much as possible.
fix-faux-five on
Why did airplane parts increase?
dege283 on
Trump wants to increase low skilled employment in the US.
The whole thing is just about that, manufacturing is the only part that can create low skilled jobs.
Correct me if I am saying something wrong.
harryx67 on
Missing weapons?
Confident_Access6498 on
I am.sure agriculture commodities are missing. EU imports from the US about 1 bln of corn alone. You must add other grains and byproducts.
NoSemikolon24 on
What do the numbers before the classifications represent?
TheTealMafia on
I am concerned myself as the two main medications I get for female stuff are american-made. National-made medicine is promoted otherwise where a replacement would be available. So I guess this means none is available.
–
I cannot say that I am not scared I might lose access to something that might not be presently sold in the EU or perhaps might be sold at a heftier price – or that perhaps my doctors will not be able to request it for any reason.
So, I guess, best to us all if push comes to a proper shove at any point.
klemonth on
EU has no oil or gas. That’s why is for us important to have solar and wind energy, so we stopy paying billions to Russia and Usa. That money could stay here.
NikWih on
I am just driving by to lop the huge trade deficit of “services” into this thread…
Henry2926 on
I am feeling so incentivized to use as little US-american products and services as possible. The fact that petroleum products are on top of our imports is another reason to abolish petrol cars. Getting rid of Reddit proves to be a bit more difficult though…
Up2HighDoh on
Why don’t we just buy all of our oil and gas from Canada? That way Canada and the EU can tell the US to get fucked.
16 commenti
Source: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=USA-EU_-_international_trade_in_goods_statistics
Also here would be similar data for services: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_trade_in_services
Services are more important.
https://www.consilium.europa.eu/en/infographics/eu-us-trade/
I find the whole argument being made by Trump about trade imbalances is hugely disingenuous. He deliberately ignores services, which the US exports in a massive way as they’re a services-based economy in 2025. They also export using very large numbers of multinational companies with footholds in almost every market in the world, and he ignores all of that too – and many of those exports are intangibles, things like software, consultancy services, complicated use of IP etc etc. Those profits flow back to the US.
All he sees is physical goods exports, yet he’s the president of a country that runs on services and rather sophisticated modern economy with its tentacles into markets all over the globe. It’s like he and his administration are lost in the mid 1950s somewhere and refuse to comprehend the modern world.
He’s going to seriously hurt long standing trade partners, and his own country’s economy and seems to be determined to just plough a furrow of totally fact free ignorance and economic illiteracy.
So just boycott oil, gas, and medications?
So the USA is like Russia. A giant gas station with 6,000 nuclear warheads and a lunatic as president.
After this shameful deal we should boycott US products as much as possible.
Why did airplane parts increase?
Trump wants to increase low skilled employment in the US.
The whole thing is just about that, manufacturing is the only part that can create low skilled jobs.
Correct me if I am saying something wrong.
Missing weapons?
I am.sure agriculture commodities are missing. EU imports from the US about 1 bln of corn alone. You must add other grains and byproducts.
What do the numbers before the classifications represent?
I am concerned myself as the two main medications I get for female stuff are american-made. National-made medicine is promoted otherwise where a replacement would be available. So I guess this means none is available.
–
I cannot say that I am not scared I might lose access to something that might not be presently sold in the EU or perhaps might be sold at a heftier price – or that perhaps my doctors will not be able to request it for any reason.
So, I guess, best to us all if push comes to a proper shove at any point.
EU has no oil or gas. That’s why is for us important to have solar and wind energy, so we stopy paying billions to Russia and Usa. That money could stay here.
I am just driving by to lop the huge trade deficit of “services” into this thread…
I am feeling so incentivized to use as little US-american products and services as possible. The fact that petroleum products are on top of our imports is another reason to abolish petrol cars. Getting rid of Reddit proves to be a bit more difficult though…
Why don’t we just buy all of our oil and gas from Canada? That way Canada and the EU can tell the US to get fucked.