Posted on 06/02/2018 12:39:37 PM PDT by CondoleezzaProtege
Europe hit back at the US after President Donald Trump slapped tough tariffs on European steel and aluminium earlier this week.
The united front was delivered from European Union's trade commissioner Cecilia Malmstrom who warned President Trump of retaliation.
However, the unity shown in response to the tariffs could quickly change, according to a leading currency strategist.
Jane Foley, a senior currency strategist at Rabobank, predicted that over time the tariffs will start to hurt and the rest of Europe will blame Germany.
"This could become Germany versus the rest of the EU.
"If you look at the US Treasury report published last month that pinpointed the currency manipulators, they pinpointed Germany and in particular its trade surpluses.
"They advised Germany to increase domestic demand to get rid of its trade surplus. Trump has an issue with all countries that run a trade surplus with the US.
Foley predicted that the tariffs will start to hurt and the rest of Europe will blame Germany It’ll be interesting to see if a wedge will be driven between EU economic partners
"That is Germany, that is not France. The issue about tariffs being slapped on the EU creates a problem.
"Will the rest of Europe turn their attention to Germany and say look, Trump has a problem with you and we are suffering the consequences.
"It’ll be interesting to see if a wedge will be driven between EU economic partners."
(Excerpt) Read more at express.co.uk ...
More “winning!” I’m not tired of winning at all. That’s what America used to do.
Just not a good idea to mess with Trump.
America hasn’t really tried to win since 1945. This is what it looks like when we try to win. I guess Germany forgot.
I would call Trump an ‘evil genius’, only he is on our side. Lofl.
I sure wish that we’d pull our NATO forces back, or redistribute some to eastern Europe, if they’d like, and let Germany have a taste of dealing with its own defense (instead of Uncle Sam paying for the entire world’s at the expense of our own citizens).
We did it before and we can do it again.
Amen!
Why isn’t Obama out there apologizing for us? Isn’t that his mission in life?
IIRC, Germany put ridiculous tariffs on Chinese Steel. I’ll hunt for the article.
Exactly. Get the remaining troops out of Germany. Those leeches need to start paying for their own defense.
Oh Lord, don’t give him any ideas. He’ll make that into his entire post-presidential career. It’d be the perfect gig for his lazy entitled azz.
I hope Trump does not let up. The reason these socialist euro countries and canada are able to give all this free stuff, universal health care etc is not only due to their high internal taxes but also on our backs. They do not have to pay for the level of defense they enjoy. They also get subsidized on our backs due to their extremely one sided trade practices.
See Germany and their tariffs on Chinese steel in above link...2016
The EU’s problem is that the cream of the European gene pool emigrated to the New World and what was left was killed off in the first half of the 20th Century.
What is left is rolling over to the Muslims, each hoping they will be killed or raped last.
So, Trump is going to hurt the EU economically, and help the USA. MAGA!
I’m worried.
Will there be a tariff on French Fries and French Toast?
I’m not sure that meme means what you think it means. It’s a leftist meme implying Trump is a moron and Merkel is now the leader of the “Western World”.
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