The next in the long line of our slimey elites wanting to appease the orange clown.
In the entire article, I see no mention of why a trade deficit should even be a concern. If I understand correctly, it is simply a matter of how much you import vs export. Is there any valid reason to strive to eliminate a trade deficit?
https://www.srf.ch/news/schweiz/us-zolldruck-auf-pharma-es-braucht-eine-doppelte-strategie-um-mit-trump-zu-verhandeln
Posted by Calaf_Bae
15 Comments
The only reason a trade deficit is a concern is because Trump says it is, as soon as Trump is not in power anymore it will not be a concern anymore.
With politicians such as Rösti who openly endorse Trump, it’s hardly a surprise that we see this now.
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If the US made anything people actually wanted they wouldn’t have a trade deficit. The only way to correct it is to force Swiss consumers to buy things they don’t want, like chlorinated chicken.
So, we should reduce the trade deficit because an orange clown is angry? No thanks.
Well, I am misunderstanding something? Can’t we say that generally, if mid-longterm, more money is flowing out of country, the country must compensate with debt to keep up with the living standards, print money(inflation) or reduce the living standards?
I mean the countries with the biggest trade deficits tend to struggle the most with debt.
I have to admit though that many trade surplus countries also struggle with debt. I would have argued though that in those cases it’s mismanagement by the state and all this cashflow is flowing into the pocket of a few wealthy beneficiaries.
I base my response on the german comedian “Volker Pispers”.
Let me know if I got it all wrong. 🙂
I have a trade deficit with my local indian food restaurant. India must reduce this deficit! 🤣
Easy, just import gold from the US. Something you can later sell for a higher price to someone else. Just don’t buy stupid things (F35 or sub prime mortgage bonds)
The main part of the trade deficit was gold exports to the US. Switzerland could just stop doing that and the trade deficit would come down significantly.
So weak, typically Swiss. Weren’t they bullied in school? And if so, didn’t they learn anything for life about how to handle bullies? Get a spine for once, we will survive 3 years of this shitshow for gods sake!
US is dominating software services. Is that included in discussion about claimed deficit?
But then again, if EU couldn’t negotiate better deal I have doubts we are in position to do anything but to appease or not react. Also, whatever we do there is a new wave incoming such as 100% of pharma, movies or whatever comes to US idea, as they are swinging in full protectionism mode and domestic production and nothing we do will change that.
I guess someone understood that they can’t wage war with big powers if they depend on import from others.
Nope go bow to the orange clown but I won‘t finance this shit.
Before you get angry, look at what he actually proposes.
> There are five measures. First: The deficit will automatically decrease because, for example, pharmaceutical companies will invest in the US anyway. Second: Gold trading must not produce a surplus. This means that if such a surplus threatens, transactions must be conducted via Asia. Third: planned purchases, such as aircraft. Fourth: hedging purchases of gold or rare earths in case of an emergency if the target is not met. Fifth: changing the mix of goods and services. For example, software updates would no longer be accounted for as goods, but as services.
Only one or maybe two of five measures would actually include buying something from the US. The last one seems to be purely technical bullshit which is exactly what we need. It’s all about appearance.
What he’s saying: There is this one figure that Trump is concerned about (the trade deficit). Don’t try to convince him that he’s wrong (has been tried, doesn’t work), find ways to get this figure down temporarily and voilà.
The “deficit” is meaningless because it doesn’t include services.
It’s terminally funny how he’s “taxing” us for the huge trade deficit, and his goons probably told him that our gold exports make up a large part of that trade deficit, but then Agent Orange lifts the tariffs on our gold…