Despite the light rain, French President Emmanuel Macron and German
Chancellor Angela Merkel held a moving ceremony in Compiegne, northeast
of Paris, to mark the 100th anniversary of the signing of the World War
Powerful show of unity from Merkel, Macron to mark centenary of the end of WWI
German Chancellor Angela Merkel met with French President Emmanuel
Macron on Saturday in Compiegne, the northern French city where an
armistice was signed to bring an end to the First World War.
The Wall Street Journal reported Thursday that Juncker relied on more than a dozen of the cards while explaining trade topics to Trump, including automotive trade, ahead of their Rose Garden announcement to hold formal trade talks.
“We knew this wasn’t an academic seminar. It had to be very simple,” a senior European Union official told The Journal.
Details are neither inked nor out yet, so it if probably a bit premature to comment, … but: From what I have heard from the media so far, this basically sounds like Trump just gave the EU everything they ever wanted for the last 20 years with little to nothing in return?
Because of the trade imbalance between the EU and US, every US government since the 90′s insisted that a removal on trade barriers on industrial goods would require the EU to accept American intellectual property and weakening standards (on food, safety and environment) to allow American mass farmed products to flood EU markets.
But from what I read so far, Trump is happy if we promise to buy a bit more LNG and soybeans from them?
The reality of trade wars is that there are no winners, only losers. Trump is a slow learner, but eventually he too will learn.
On March 5, 2002, U.S. PresidentGeorge W. Bush placed tariffs on imported steel. The tariffs took effect March 20 and were lifted by Bush on December 4, 2003. Research shows that the tariffs adversely affected US GDP and employment.
In September 2003, the U.S. International Trade Commission (ITC) examined the economic effects of the Bush 2002 steel tariffs. The economy-wide analysis was designed to focus on the impacts that arose from the relative price changes resulting from the imposition of the tariffs, and estimated that the impact of the tariffs on the U.S. welfare ranged between a gain of $65.6 million (0.0006% of GDP) to a loss of $110.0 million (0.0011% of GDP), “with a central estimate of a welfare loss of $41.6 million.” A majority of steel-consuming businesses reported that neither continuing nor ending the tariffs would change employment, international competitiveness, or capital investment.
According to a 2005 review of existing research, all studies on the tariffs “find that the costs of the Safeguard Measures outweighed their benefits in terms of aggregate GDP and employment as well as having an important redistributive impact.”
Steel production rose slightly during the period of the tariff.  The protection of the steel industry in the United States may have had unintended consequences and perverse effects. A study from 2003 that was paid for by CITAC, a trade association of businesses that use raw materials, found that around 200,000 jobs were lost as a result.
A recent poll by German television revealed that only 25% of Germans trust the US government. Slightly more, 30%, trust the Russian one. Reasonably low, but slightly worrying that trust in Russia seems on the rise, without any real reason for it. Neither Putin nor Russia has changed its politics.
One example; At a recent visit to Austria, Putin gave a rare interview to Austrian television (ORF). Unlike Trump he sounded very intelligent and indeed reasonable. One would be forgiven to think that our image of him is not entirely reasonable after all. That is until we have a look at how Russian State media has covered the interview and overall trip to Vienna:
#Russia’s state TV: Dean of Moscow state University: “The EU is coming apart at the seams —thanks to American God & voters, Trump is smashing it with a sledgehammer. That’s why Putin says he isn’t trying to weaken the EU. Why would he bother? Trump is doing all the work for him.” pic.twitter.com/ot4siOyzAx
The following is a matter of immense public interest and relevant to multiple international criminal and regulatory investigations: Found a config file which appears to succinctly illustrate interplay between AIQ, Cambridge Analytica, and Breitbart.#theorionplatformpic.twitter.com/njEBppdi9t
And the largest BMW plant is the “Zentrum” in South Carolina, which just expanded last year to raise its capacity to 450,000 vehicles a year. They also got a factory in Greer. https://www.bmwusfactory.com