Europe

Trump is forcing Europe to save itself from economic collapse. Since the EU stopped buying oil and natural gas from Russia, utility costs have risen dramatically. Today the price of natural gas in the US is 3 dollars while Europeans are paying 10 dollars. The cost of electricity Europe is 43 cents and in the US 13 cents. The result is that many chemical companies and steel companies are closing and some are moving to the US where energy costs are lower. There are 50 large German companies thriving in the US because of low energy prices and the customers are nearby. To understand how Europe will come back, use the US as the example. In the 1920’s the US produced 40% of the worlds manufactured goods and then the Great Depression hit and things came to a stop. Ten years later the US began to manufacture war materials and the economy rebounded. After the war the US continued manufacturing by switching from weapons to consumer goods and by 1950 was once again producing half the worlds manufactured goods. Europe must now reignite their economies by starting to manufacture materials for their national defense and to supply Ukraine with weapons.