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How a Trade War Escalates: Europe retaliates against U.S. exports and Republican states.
Wall Street Journal ^ | March 7, 2018

Posted on 03/08/2018 10:37:31 AM PST by reaganaut1

The European Union on Wednesday released its target list of retaliatory tariffs on American exports worth $3.5 billion if President Trump pushes ahead with his steel and aluminum tariffs. This is how Mr. Trump’s trade irruptions could imperil American exporters and become a destructive spiral.

The EU is acting with some restraint—for now—in crafting a narrow list of items on which to impose tariffs, including bourbon, orange juice, corn, ladders and motor boats. None are vital to European industry, but they are politically shrewd in targeting exports from states represented by Republicans on Capitol Hill. The point is to punish voters in states Mr. Trump carried in 2016 and Republicans running for re-election this year. Too bad Europe can’t impose a tariff on Wilbur Ross and Peter Navarro, the architects of this fiasco.

The danger for the EU is that this will inspire Mr. Trump to indulge his schoolyard impulses and hit back at the EU again. “The European Union has been particularly tough on the United States. They make it almost impossible for us to do business with them,” Mr. Trump said at a White House presser with Swedish Prime Minister Stefan Löfven. He’s also threatened tariffs on European cars.

Since White House aide Gary Cohn soon won’t be around the White House to explain how unconnected to reality this is, we’ll try. It is not “almost impossible” for American companies to do business in Europe. The bilateral trading relationship between the U.S. and the combined EU states is the largest in the world. In 2016 American companies sold goods worth $270 billion in the EU and services worth $231 billion. America has a bilateral trade deficit in goods with the EU—$147 billion in 2016—but a services surplus of $55 billion.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; Government; News/Current Events
KEYWORDS: clickbait; eu; openborders; republicanstates; tariffs; tradewar; trumptariffs; wsj
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To: Jim 0216

“demand of marketplace free from government interference...” tell that to the Europeans and the Chinese. Have you ever run a multinational corporation?.


61 posted on 03/08/2018 11:25:44 AM PST by Cobra64 (Common sense isn't common any more.)
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To: MichaelRDanger

Speaking to your point, part of the tariff ‘argument’ should include a prediction as to the state of our economy, industry, and national security if we do nothing and allow business as usual to proceed.


62 posted on 03/08/2018 11:28:59 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Ouderkirk
raises prices when the purpose of the dumping achieves its goals

There's really no such thing as "dumping" in the market. The supply and demand of marketplace is transacted by the voluntary cooperation between buyers and sellers in their own self interest. Buyers freely choose the best product for the best price and will generally will not buy low quality junk because that generally is not in their best interest.

How does that process "raise prices"?

63 posted on 03/08/2018 11:30:59 AM PST by Jim W N
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To: RegulatorCountry

EU has a VAT tax on our products. We have none. At least that’s what I’m told. So, how is that free trade?


64 posted on 03/08/2018 11:31:54 AM PST by nikos1121 (Tax cuts should be retro-active to January 1, 2017!!!!)
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To: klb99

AMEN.


65 posted on 03/08/2018 11:32:18 AM PST by Ancient Man
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To: Mariner

So true!


66 posted on 03/08/2018 11:33:12 AM PST by Ancient Man
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To: Ancient Man

Yeah, what you said and, buy American for crying out loud!
What ever we still can, buy American.


67 posted on 03/08/2018 11:35:32 AM PST by right way right (May we remain sober over mere men, for God really is our one and only true hope.)
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To: reaganaut1

Your daily free traitor screed.


68 posted on 03/08/2018 11:36:30 AM PST by datura
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To: DoodleDawg

Jobs jobs jobs
Employed people and reopened factories pay taxes
Id buy a car next week for a significant tax credit
American car, not Japanese
Maybe a new steel appliance too
American not South Korean
What if there are hundreds of thousands of me that would jump
Right now
Not next year


69 posted on 03/08/2018 11:38:34 AM PST by silverleaf (A man who kneels for the national anthem doesn't stand for much of anything)
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To: reaganaut1

Anti-Trumper baloney. Tariffs are wholesome and good. No more open American markets while they have barriers.


70 posted on 03/08/2018 11:41:55 AM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Mariner
You've read my stuff. You should know the culprit for American economic malaise is the THE FEDERAL GOVERNMENT, not the EU, China, or the Man in the Moon.

The MAIN reason for our failure to compete in the marketplace are federally protected unions, high taxes, regulations, minimum wage, subsidies, and a weak dollar all converging to “bind and gag” American business and drive industry from our shores. Kill these mostly unconstitutional and boneheaded acts and policies and you’ve gone a long way to fixing the problem.

Easy-to-read list: END

- federally imposed suffocating HIGH TAXES and abolish so-called "CORPORATE TAXES" which are actually a hidden individual tax),
- unconstitutional federal PROTECTION OF UNIONS (why Detroit looks like a graveyard)
- unconstitutional dead-end REGULATIONS,
- unconstitutional business-and-job-killing FEDERAL MINIMUM WAGE,
- unconstitutional SUBSIDES (BRIBES) FOR SPECIAL INTERESTS
- DESTABILIZING & DEVALUING THE DOLLAR.

71 posted on 03/08/2018 11:44:01 AM PST by Jim W N
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To: reaganaut1
Tariffs are necessary when the other nations are doing it to you!

The only difference is that we are now fighting back.

72 posted on 03/08/2018 11:53:21 AM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Jim 0216
Sadly, the other nations aren't playing by the rules and don't have a free market system like we do.

They are going to protect their industries.

73 posted on 03/08/2018 11:54:34 AM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: DoodleDawg

And the US will win it!


74 posted on 03/08/2018 11:54:58 AM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Mamzelle

Exactly!


75 posted on 03/08/2018 11:56:30 AM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: reaganaut1

I trust Trump on this and not the globalist WSJ.


76 posted on 03/08/2018 12:00:15 PM PST by hotsteppa
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To: fortheDeclaration

Actually, no they are not protecting their industries if they impose tariffs long term. They are denying their consumers their best choice and hurting their economy by forcing higher prices. In the long run , they are hurting themselves which is why his kind of nonsense doesn’t last very long with any country that wants to be a true contender in the marketplace.


77 posted on 03/08/2018 12:02:47 PM PST by Jim W N
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To: reaganaut1

This just shows that world doesn’t believe in free trade after all. Proves us protectionists were correct all along. You Free Traitors™ are a small dangerous stupid group.


78 posted on 03/08/2018 12:06:24 PM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: Jim 0216
I understand the principles of free trade.

But the fact is that these nations are protecting their industries from competition and imposing taxes on our exports.

They are also subsidizing their imports to us.

Since these are supported by their governments, they can continue to do this for quite a while.

79 posted on 03/08/2018 12:06:43 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Jim 0216

Ok they impose tariffs on us and we are the bad guy? They started it with there tariffs a long time ago. Free Traitors™ are the scum if the earth.


80 posted on 03/08/2018 12:07:56 PM PST by central_va (I won't be reconstructed and I do not give a damn)
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