It is a good thing that Trump is already retired – as a student he would conquer one stain after the other, especially when it comes to ‘economy’. He feels like a “deal maker” and now wants to force the whole world to kneel with enormous rates, Dr. analyzes. Georg Wailand.
Did he miss how the global economic miracle was created after the Second World War? It was free trade with many fruits. If Trump now performs the US as a world ruler who can challenge everyone with customs, then a strong but moderate answer is attached.
Kleine Austria will not do it alone, but now Europe is really being challenged. The EU cannot tolerate that we leave chlorine chickens on the hormone meat in the country that Trump wants. There are European quality requirements that also apply to Trump and his Kumpan Musk, who apparently has lost all his strength.
One thing is certainly in a customs war: there are only losers. Have more goods been exported to the US from Europe than the other way around? Both benefited from open markets.
As it goes now, prices will rise, especially in the US. And which investor wants to build new factories in a country that depends on the arbitrariness of the sitting president? Today he increases the rates dramatically – and tomorrow?
A special chapter are the American digital companies that earn a golden nose in Europe. They mercilessly clean up the advertisement, the overhang of the group giants from the Silicon Valley goes to the billions. Deliveries of the EU goods, on the other hand, are a noise.
Such a digital levy would only have an effect to a painful extent if it was a European regulation.
A “game” that leads to the dead end
The dependence on Austria on foreign trade with the United States mainly applies to our industry, the US has become our second most important export market in Germany.
This “game” from Trump – “How unfortunate I am the other most” – will be guaranteed to lead to the dead end. Until now, the populations have looked at the dispute in surprise, but as soon as the emotional dams break, it becomes dangerous. Economic provocations also started in the 1930s until the world was on fire.
Hence the motto: everything must be done to prevent such an escalation from both sides.
The high speed of the golden prize is a signal: the world fears a war -like argument. Gold is considered a reliable reserve.
The Vredes idyll Europe is coming to an end. It is all the more important not to expire à la Trump in force, but to achieve diplomatic solutions with caution.
It is not too late for it yet.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
