In bombshell, Trump says U.S. backs out of G7 communique, criticizes Trudeau

[quandow]

8 minutes ago, Grouse said:

I'd like to see G8

 

With Russia AND China and no USA

 

Also kick USA out of NATO 

 

Huge tariffs on crap American fast food, TV and sport.

 

25% on Boeing

Did you receive leaked copies of Trump's playbook?

[Grouse]

3 minutes ago, Boon Mee said:

Tariffs have been unfair to the USA for far too long. 

Kudos to Mr. Trump doing something about them. America will no longer be the world's piggy bank. 

The world doesn't want the USA. Stay home with your dreadful food. I think American cars should come with a local subsidy they are so bad ?

[allen303]

27 minutes ago, Grouse said:

I'd like to see G8

 

With Russia AND China and no USA

 

Also kick USA out of NATO 

 

Huge tariffs on crap American fast food, TV and sport.

 

25% on Boeing

Better run that by some other NATO countries, they or trying to get US bases and pay for it. 

[LennyW]

58 minutes ago, TallGuyJohninBKK said:

the same undiplomatic, childish, personally abusive way he's operated during the campaign and as president.

Translation - straightforward and realistic!

[Grouse]

1 minute ago, allen303 said:

Better run that by some other NATO countries, they or trying to get US bases and pay for it. 

We don't need the USA. Too much trouble.

[charmonman]

2 hours ago, Watchful said:

Finally I believe people are understanding just how furious Trump is with tariffs and protectionist policies of US trading partners.

 

The EU argument has always been: "Well if you made things at a reasonable price, we would buy."

 

Sounds good until you learn that US made vehicles get hit with a 25% tax upon entering the EU.    25%!!!!! 

 

Now all of those VW's, BMW's, Audi's, Mercedes, etc come into the US with a whopping 2.5% tax.  Let's just see how many will be sold in the US once Trump enacts a reciprocal 25% tax.

 

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

The steel and aluminum tariffs are just a warning shot to reduce these tariff or ... you can expect a lot more!

 

The threats of retaliation are empty. Everyone taxes the hell out of US made goods. Even Thailand just hammers US cigarettes, bourbon, wine, etc. The threat that: "OK, we'll then trade with China!"  

 

Good luck selling anything, but raw materials to China. 

So why does the US run a large trade surplus with Canada on agricultural goods then? 

[Grouse]

2 minutes ago, charmonman said:

So why does the US run a large trade surplus with Canada on agricultural goods then? 

Correct! Canada runs a supply side system to maintain quality and protect farmers. USA just encourages over production in much the same way that China over produces steel to the detriment of all

[Curmudgeon1]

2 hours ago, Watchful said:

Finally I believe people are understanding just how furious Trump is with tariffs and protectionist policies of US trading partners.

 

The EU argument has always been: "Well if you made things at a reasonable price, we would buy."

 

Sounds good until you learn that US made vehicles get hit with a 25% tax upon entering the EU.    25%!!!!! 

 

Now all of those VW's, BMW's, Audi's, Mercedes, etc come into the US with a whopping 2.5% tax.  Let's just see how many will be sold in the US once Trump enacts a reciprocal 25% tax.

 

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

The steel and aluminum tariffs are just a warning shot to reduce these tariff or ... you can expect a lot more!

 

The threats of retaliation are empty. Everyone taxes the hell out of US made goods. Even Thailand just hammers US cigarettes, bourbon, wine, etc. The threat that: "OK, we'll then trade with China!"  

 

Good luck selling anything, but raw materials to China. 

I'm Canadian, but have to agree that our service protection to appease the Quebec voters, unions and co-ops is a disservice to all Canadians as well as the US. Unfortunately no government can get elected turning their backs on Quebec.... IMO

[thaiguzzi]

2 hours ago, Watchful said:

Finally I believe people are understanding just how furious Trump is with tariffs and protectionist policies of US trading partners.

 

The EU argument has always been: "Well if you made things at a reasonable price, we would buy."

 

Sounds good until you learn that US made vehicles get hit with a 25% tax upon entering the EU.    25%!!!!! 

 

Now all of those VW's, BMW's, Audi's, Mercedes, etc come into the US with a whopping 2.5% tax.  Let's just see how many will be sold in the US once Trump enacts a reciprocal 25% tax.

 

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

The steel and aluminum tariffs are just a warning shot to reduce these tariff or ... you can expect a lot more!

 

The threats of retaliation are empty. Everyone taxes the hell out of US made goods. Even Thailand just hammers US cigarettes, bourbon, wine, etc. The threat that: "OK, we'll then trade with China!"  

 

Good luck selling anything, but raw materials to China. 

Er dude, wake up.

1. The vast majority of Europeans are just not interested in US made cars, even if there was zero tax and they were shipped across the Atlantic for FREE.

2. China is the fastest growing market in the world for BMW, Mercedes, Audi, Jaguar, Range Rover, Rolls Royce, Bentley, Ferrari, Lambo etc etc etc. I don't see Cadillac nor Dodge writing home about China's vast potential market....

   Strange that, innit?

[Watchful]

55 minutes ago, neeray said:

Perhaps you mean "Trudeau answered immediately. Or did I miss something?

Yes,  you did miss.  Trump jumped in and answered! 

 

He knows he is shaking the tree.  Those tariffs on US goods protect Canadian workers and help fund the government.  Resetting to zero would be as politically unpopular in Canada as resetting to zero in Germany. 

 

No easy answers, but Trump is NOT going to negotiate for the next three years. He want serious negotiations now and further, I believe he is correct that negotiating with Canada and Mexico separately would be easier.

[quandow]

[anon4637435435]

Im with trump on this one. Other countries arent playing fair so <deleted> the lot. 

[simple1]

3 hours ago, Watchful said:

Finally I believe people are understanding just how furious Trump is with tariffs and protectionist policies of US trading partners.

 

The EU argument has always been: "Well if you made things at a reasonable price, we would buy."

 

Sounds good until you learn that US made vehicles get hit with a 25% tax upon entering the EU.    25%!!!!! 

 

Now all of those VW's, BMW's, Audi's, Mercedes, etc come into the US with a whopping 2.5% tax.  Let's just see how many will be sold in the US once Trump enacts a reciprocal 25% tax.

 

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

The steel and aluminum tariffs are just a warning shot to reduce these tariff or ... you can expect a lot more!

 

The threats of retaliation are empty. Everyone taxes the hell out of US made goods. Even Thailand just hammers US cigarettes, bourbon, wine, etc. The threat that: "OK, we'll then trade with China!"  

 

Good luck selling anything, but raw materials to China. 

Trump again is applying layers of misinformation.. For example the 270% tariff on US dairy product only applies to specific item/s and only if US imports exceed an already agreed quota. BTW if Canada waived quotas on US dairy imports would likely destroy the Canadian dairy industry.

 

To me Trump's unilateral 'America First' ideology, is either wilfully or by ignorance, going to the destroy world trade system that has provided stability and dispute resolution under WTO rules. If Trump wishes to resolve his concerns he should work though the WTO, not via an ideological platform which pragmatically translates as 'you lose, I win'. Among the losers will be the US worker if Trump carries on his current course with steel and aluminium tariffs, who are forecast to lose more than 400k jobs across the manufacturing supply chain.

Edited June 10, 2018 by simple1

[VocalNeal]

4 hours ago, Watchful said:

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

As predicted? G6+1 He can't expect America 1st without his fellow leader adopting a "their country" first. 

 

Canada has a population of how many? US has a population of how many? There are probably more dairy farmers in the US than there are people in Canada. 

 

Canada allows US dairy , just not dairy with more than the minimum amount of hormones. This is to protect its citizens not the farmers. The problem lies in the fact that Canada's minimum is less than the US. If there are US farmers on the border states who wish to trade and their dairy is below Canada's minimum there is no problem.  The overall answer is for US dairy producers to lower their hormone levels to the more healthy Canadian level then the problem is solved.

 

Canada can do without Cheez Whiz anyway. Next will be low grade US softwood lumber as before. 

Edited June 10, 2018 by VocalNeal

[Rimmer]

Multiple off topic, troll, and inflammatory posts have been removed also replies.

 

Further name calling and ridiculing of public figures will be met with a holiday

[tomacht8]

On the international stage

nobody takes Trump seriously anymore.
Conversations and negotiations are meaningless with him. Today he say one thing, tomorrow he tweets exactly the opposite.

Trade Friendships, trust and reliability that have arisen over decades are now destroyed.

In the impending trade war, his voters will feel also the negative consequences.

[candide]

5 hours ago, Watchful said:

Finally I believe people are understanding just how furious Trump is with tariffs and protectionist policies of US trading partners.

 

The EU argument has always been: "Well if you made things at a reasonable price, we would buy."

 

Sounds good until you learn that US made vehicles get hit with a 25% tax upon entering the EU.    25%!!!!! 

 

Now all of those VW's, BMW's, Audi's, Mercedes, etc come into the US with a whopping 2.5% tax.  Let's just see how many will be sold in the US once Trump enacts a reciprocal 25% tax.

 

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

The steel and aluminum tariffs are just a warning shot to reduce these tariff or ... you can expect a lot more!

 

The threats of retaliation are empty. Everyone taxes the hell out of US made goods. Even Thailand just hammers US cigarettes, bourbon, wine, etc. The threat that: "OK, we'll then trade with China!"  

 

Good luck selling anything, but raw materials to China. 

Convincing post but....

- one could probably find other examples showing that the US taxes more or protects more than other countries, starting with public procurements. Don't be naive, all countries are protectionist despite the fact that they claim the contrary, and that includes the USA.

- the main reason there are tax differences on some products is simply that there are no current agreements for those product categories. It was intended in free trade agreement projects such as the TTIP initiated by Obama. But of course Trump scratched them. For example, in the TTIP project, taxes for US cars imported by the EU would have been zero. So Trump can "trumpet" as much as he wants about the need to renegotiate EU taxes, it's because of him that there are still taxes.

 

By the way, It's just a detail, but taxes for importing cars in the EU are 10%, not 25%

Edited June 10, 2018 by candide

[connda]

Love him or hate him, it's refreshing to see a world leader not being politically correct.  Nice to see the Atlantists getting a swift kick in the butt and the status quo getting a good shaking. 

[tomacht8]

1 minute ago, candide said:

Convincing post but....

- one could probably find other examples showing that the US taxes more or protects more than in other countries, starting with public procurements. Don't be naive, all countries are protectionist despite the fact that they claim the contrary, and that includes the USA.

- the main reason there are tax differences on some products is simply that there are no current agreements for those product categories. It was intended in free trade agreement projects such as the TTIP initiated by Obama. But of course Trump scratched them. For example, in the TTIP project, taxes for US cars imported by the EU would have been zero. So Trump can "trumpet" as much as he wants about the need to renegotiate EU taxes, it's because of him that there are still taxes.

 

By the way, It's just a detail, but taxes for importing cars in the EU are 10%, not 25%

And to complement, in trucks and pick ups, the US has higher tariffs than the EU.
Amazing how some people believe Trump's false information.

[tomacht8]

8 minutes ago, connda said:

Love him or hate him, it's refreshing to see a world leader not being politically correct.  Nice to see the Atlantists getting a swift kick in the butt and the status quo getting a good shaking. 

Tell it to the millions of workers (worldwide including the US) whose jobs are threatened by this fool.

[Grouse]

2 hours ago, allen303 said:

Better run that by some other NATO countries, they or trying to get US bases and pay for it. 

The "American" bases in the UK are British. You are our guests.

[zydeco]

4 hours ago, MrMuddle said:

Anyone who ever trusted the US was shafted, from when the country was founded to the present day, there are many examples of this, from the Native Americans, to the South Vietnamese and the Hmong, Iraq, and Afghanistan.
 

Then why are you so angry? Be happy you don't need to trade with the US. Feel better?

[Mansell]

One Canadian PM said he was happy that California wasn't a country because if it was Canada wouldn't be in the G8 or G7.

[buick]

3 hours ago, thaiguzzi said:

Er dude, wake up.

1. The vast majority of Europeans are just not interested in US made cars, even if there was zero tax and they were shipped across the Atlantic for FREE.

2. China is the fastest growing market in the world for BMW, Mercedes, Audi, Jaguar, Range Rover, Rolls Royce, Bentley, Ferrari, Lambo etc etc etc. I don't see Cadillac nor Dodge writing home about China's vast potential market....

   Strange that, innit?

you won't believe this:

 

http://money.cnn.com/2017/02/22/news/companies/buick-china-history-brand/index.html

 

that is right folks.  my namesake is doing pretty darn well over in china (i'm as shocked as anyone and still laughing, too funny).

 

Edited June 10, 2018 by buick

[TallGuyJohninBKK]

2 hours ago, bsdthai said:

Im with trump on this one. Other countries arent playing fair so f the lot. 

 

As I said above, the important issue here is NOT about tariffs. The various countries can and do work out deals on those all the time.

 

The important issue here is we've got a U.S. president who seems to enjoy belittling and getting antagonistic (as opposed to diplomatic) with the U.S. most important allies -- all the while cozying up to autocratic dictators like Putin and others.

 

The best thing that authoritarian, expansionist regimes like Russia and China could hope for is antagonism and division between the U.S. and its traditional allies in Europe and Asia, because that will weaken both. And Trump is delivering that to Russia and China on a silver plate.

 

Edited June 10, 2018 by Rimmer
Derogatory removed

[TallGuyJohninBKK]

Instead of drinking the Kool Aid, try reading and understanding what's going on behind all of Trump's rhetoric and characteristically misleading claims:

 

Quote

AP FACT CHECK: Trump’s bottom-line stats on trade are wrong

WASHINGTON (AP) — President Donald Trump is using some goosey numbers to rationalize his aggressive rhetoric on trade, disregarding strong points in U.S. competitiveness to paint a dark portrait of a world taking advantage of his country.
 

Conversely, he’s glossing over aspects of the economy that don’t support his faulty contention that it’s the best it’s ever been.

................

 

Trump’s unrelievedly negative view of the EU may be grounded in a substantial trade deficit with the continent, but his administration’s trade office takes a longer and more benevolent view of the relationship.

“Two-way U.S.-EU trade has been roughly balanced over time,” says the U.S. Trade Representative’s Office, “and the very high levels of foreign investment accounted for by each in the other’s markets means that the transatlantic economy is arguably the most integrated on Earth.”

 

 

https://apnews.com/6ffb31982dfd4ea7b4e029d11697a593

Edited June 10, 2018 by TallGuyJohninBKK

[zydeco]

6 minutes ago, TallGuyJohninBKK said:

Instead of drinking the Kool Aid, try reading and understanding what's going on behind all of Trump's rhetoric and characteristically misleading claims:

 

 

https://apnews.com/6ffb31982dfd4ea7b4e029d11697a593

Yes, because AP journalists are experts in everything. Sort of like Ali Watkins, who for some reason hasn't been mentioned on TV.

[Jingthing]

Trash democratic close allies and suck up to autocratic dictators. Something stinks BIGLY.  This isn't a joke. 

[TallGuyJohninBKK]

3 hours ago, zydeco said:

Yes, because AP journalists are experts in everything. Sort of like Ali Watkins, who for some reason hasn't been mentioned on TV.

 Then you might as well add a long list of others to the list, including the NY Times. But not a big deal, Trump was only off by $50 BILLION because he totally disregards trade in services vs goods.

 

 

Quote

Trump Exaggerates Trade Deficit With European Union by $50 Billion

 

The president claimed that the European Union had a $151 billion trade surplus with the United States. It’s $101 billion.

 

By Linda Qiu

• June 7, 2018

WHAT WAS SAID

Please tell Prime Minister Trudeau and President Macron that they are charging the U.S. massive tariffs and create non-monetary barriers. The EU trade surplus with the U.S. is $151 Billion, and Canada keeps our farmers and others out. Look forward to seeing them tomorrow.

— Donald J. Trump (@realDonaldTrump) June 7, 2018

THE FACTS

This is exaggerated.

Mr. Trump’s numbers are off. The European Union had a $153 billion trade surplus in goods with the United States in 2017 and a total trade surplus of $101 billion when trade in services is included.
 

 

 

 

 

https://www.nytimes.com/2018/06/07/us/politics/fast-check-trump-trade-deficit-european-union.html

Edited June 10, 2018 by metisdead
Edited as per fair use policy.

[sirineou]

8 hours ago, Watchful said:

Finally I believe people are understanding just how furious Trump is with tariffs and protectionist policies of US trading partners.

 

The EU argument has always been: "Well if you made things at a reasonable price, we would buy."

 

Sounds good until you learn that US made vehicles get hit with a 25% tax upon entering the EU.    25%!!!!! 

 

Now all of those VW's, BMW's, Audi's, Mercedes, etc come into the US with a whopping 2.5% tax.  Let's just see how many will be sold in the US once Trump enacts a reciprocal 25% tax.

 

Canada is no better. They tax the hell out of US imports.  Trump has offered zero tariffs on Canada as long as they reciprocate.  Canada can't have that.  Must protect their famers and unions, ya know!

 

The steel and aluminum tariffs are just a warning shot to reduce these tariff or ... you can expect a lot more!

 

The threats of retaliation are empty. Everyone taxes the hell out of US made goods. Even Thailand just hammers US cigarettes, bourbon, wine, etc. The threat that: "OK, we'll then trade with China!"  

 

Good luck selling anything, but raw materials to China. 

An  issue that requires  pages and pages to be addressed. I will try to do my best is a few paragraphs,

 

Propaganda works best when there are some nuggets of truth to what is being said.

EU charges higher tariffs on cars (10% not 25%) we charge Tariffs on other things  (350% tobaco) these things were negotiated  to rectify a particular problem. The truth of the matter is that the average trade tariffs between the EU and USA are the same at about 3%. The trade imbalance is not the cause of tariffs but of other structural manufacturing conditions  that unless addressed will not change the picture, a tariff war will simply make the picture worst.

They say that" to every  complex problem there is a simple solution that is wrong" A Trade deficit  is only one side of the coin .Both sides of the coin comprise the balance of payments.

" The balance of payments accounts capture two sides of an equation: the current account and the capital account. The current account side of the ledger covers the flow of goods, services, investment income, and uncompensated transfers such as foreign aid and remittances across borders by private citizens. Within the current account, the trade balance includes goods and services only, and the merchandise trade balance reflects goods only. On the other side, the capital account includes the buying and selling of investment assets such as real estate, stocks, bonds, and government securities. "

https://www.cato.org/publications/congressional-testimony/americas-misunderstood-trade-deficit

Retaliatory tariffs such as the ones Trump imposed and the EU and others react or will react with 

will not address the structural manufacturing problems, will not make American products more desirable, and will not reimburse the US for the cost of all the wars it entered in  instead of investing in its infrastructure and people.

 

US's main export that does not contribute  in the balance of payments is war           Cost of Iraq war $2.4 trillion

 

Edited June 10, 2018 by sirineou