Friday, January 24, 2025
Trade
Trump opposes the new green deal because he sees it as a way to retribute the wealth under the guise of climate change. Trump addressed the movers and shakers at Davos and saw the same thing. They want to use the pretext of climate to redistribute money from rich western countries to poorer countries around the world. In both case those doing the redistribution will decide where the money goes and enrich themselves along the way either with power or cash or both. Trump feels it is best for the US to disengage from many of these worldwide organizations and concentrate on putting America first. That coincides with his leaving the Paris Accords, dropping out of the WHO and pushing other groups like the UN and NATO to start paying their fair share. This also aligns with his plans to bring jobs back home and place tariffs on countries who do not have fare trade agreements with the US. For example, Europe places a 10% tariff on cars from the US while the US has a 2.5% tariff on cars imported from Europe. In raw numbers Europe imports 300,000 cars from the US while the US imports 6 million cars from Europe. One European country, Germany has a surplus balance of trade of $180 million while the US has a trade deficit of $800 billion. Adding insult to injury the US is supplementing the national defense of Europe so they can use their money for national healthcare.
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