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Do not poke the lion.
Posted on 04/30/2018 9:51:16 PM PDT by Olog-hai
German Economy Minister Peter Altmaier on Sunday warned the European Union against sparking a trade war with the US in the dispute over US tariffs on steel and aluminum.
“I’m of the opinion that neither the US nor the Europeans should risk a trade war,” said Altmaier during a talk show on German public broadcaster ARD.
He warned that the trans-Atlantic relationship was at stake. […]
Altmaier, who is a member of German Chancellor Angela Merkel’s conservatives (CDU/CSU), said the EU should try to solve the tariff dispute, along with other trade disagreements, in a comprehensive US-EU deal.
Earlier, the chairman of the German parliament’s foreign affairs committee, Norbert Röttgen, also said the EU should seek a deal rather than take retaliatory action. In an ARD interview, he said the bloc should “stand by its conviction that all disagreements should be addressed in a comprehensive trade deal.” …
(Excerpt) Read more at dw.com ...
Blink
Winning
The more reason to take that risk - as the EU doesn’t have a good negotiating position.
Since the VAT amounts to a fairly steep tariff (just described a different way) on pretty much everything then yeah, the EU would be really stupid to have that conversation.
Thanks Olog-hai. The will of the various nations' majorities should not be allowed to undermine democracy. /s
Are there any metrics on how much each country spends in disposable income per capita?
I’m guessing that the entire world has one main set of customers and the last thing they want to do is loose access to them.
Yep here’s some - just as I thought - the first one shows how far we’ve progressed ahead as time went by:
http://oecdinsights.org/wp-content/uploads/2016/10/Graph1-GDP-income-per-capita-900.fw_.png
http://i.dailymail.co.uk/i/pix/2013/05/15/article-2324351-19C70BE5000005DC-978_306x503.jpg
Now multiply those by population (US is #3)
http://www.worldometers.info/world-population/population-by-country/
And that is where the bread is buttered.
oh and before anyone says CHINA:
Disposable city income in 2010 was: ~$19k/year for city slickers and ~$6k/year for rural folks. Not even close to our ~45-50k/year.
Do not poke the lion.
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