It’s an amusing fake criticism.
First....to say there is some ‘fair deal taxation’ rate makes your argument fake from the start.
Second...the one thing I don’t get from this whole criticism is what US product is going to have the big unfair advantage. It’s not like Germans crave the PT Cruiser or Chrysler products. US steel still can’t compete against Indian steel on pricing.
Third...if they really want to get at fairness....why not drag back up the TTIP trade deal that they dumped at the last minute. Please note...Trump wants major revisions to TTIP and it’ll take years to work this out.
Fourth and final...let’s talk GDP. The US has had a lousy GDP rate since 1999. Germany has been on a 1-percent GDP rate since the early 1990s and thinks thats a great rate. The US hasn’t seen a 4-percent rate since the 1990s, but that used to be almost the norm for the US. Germany is acting like the one-percent GDP is the best goal in the world. That makes no sense. By the end of 2018, we will likely see a 4-to-5 percent GDP. Go talk jobs at that point.
The complaint is about the 20% excise tax, levied on payments made when an American company buys goods or services from a foreign subsidiary or “affiliate” — unless the subsidiary elects to treat the payments as income in the US. They claim “unfair” and “double taxation.”
Good analysis.
Yeah U.S. growth would be 4% in 2018 and probably will be.
The Fed however is political as we’ve seen most institutions are and they are democrat/leftist/socialist. The Fed kept interest rates near zero for all of Obama’s term. and now as soon as Trump wins the Feds starts raising rates and will keep on doing it so they say which is ridiculous because the economy is just barely 3% and just barely starting to get out of the Obama disaster. Look I could see maybe justification for raising rates if growth was 5% for several years AND inflation was a threat but none of that is true now so why raise rates ? To hurt Trump and send the economy into depression
Actually, the Ford Mustang is a runaway success in Germany, being sold out and long waiting lists at dealers. It is the second best-selling sports car in Germany this year, as well as last year. For March of this year it was the #1 seller.
http://money.cnn.com/2016/04/08/autos/ford-mustang-sales-germany/index.html
The US steel companies are strong. They have enjoyed high profits for years, despite the recent downturn. They are returning to profitibility.
https://www.marketwatch.com/story/us-steel-surges-7-as-better-than-expected-earnings-offset-trump-comments-2017-07-26
Sorry to burst your America-in-perpetual-decline mythos.
The Ford Mustang is also a runaway success in Australia (months of waiting lists), South Africa (waiting lists), the Middle East, China, and Europe as a whole, where it is the best selling sports car continent-wide. With over 150,000 cars sold, it is the world’s best-selling sports car. They are all exported from Michigan. Turns out the rest of the world likes a fun, hot car too. They want Americana.
https://www.motor1.com/news/146420/ford-mustang-europe-best-selling-sports-car/
https://artofgears.com/2017/04/25/ford-mustang-best-selling-sports-car-world/
http://thenewswheel.com/ford-mustang-was-the-best-selling-sports-coupe-on-planet-earth-in-2015/