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Trump’s economic expenses in the world order


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On February 3, Donald Trump made two two-important decisions. One was in Force the bids To Canada and Mexico on a scale of 25 percent, as well as in Chinese Conts on a degree of 10 percent entered in the previous month. A 25 paint parffes From InsKing EU is expected to follow. Both, four economies produce 61 percent specified. Another decision and significant decision was to stop us to help Ukraine, to provide a happy country like giving up and overcome. Trump Vladimir Purin Purin must be zealous: American President burns in the west front in front of her happy eyes.

These are just two decisions of two decisions in a whirlwind accompanying the second trumpet president. But for the outside world, it is a powerful issue. They represent the end of Liberal, controlled by business and laws with the most powerful rules and lands that keep the system itself automatically. They also represent the removal of our approval with our primary companion and commitment to accept a close relationship with a large enemy. Trump speaks more clearly than in Europe.

In both cases, very wrong. As a Maurice rateThe first specialist in the IMF, noted, the weaknesses of the US Business is currently existing with the main business money is its funding American weakness, current around 6 percent of GDP. Cut controlled by Republic a plan to make Trump’s tax changes 2017 Confirm that this shortage will continue at least a long time as a house of warkets. When offered this, efforts to close business weaknesses such as trying to fully fill balloons.

Understanding this may require some skill of macroecoughts, which is. But this is not just about his stupidity. Trump also says: “Let us mentioned, the European Unity was formed in the United States. That is its purpose.” Moreover its work. “Moreover, Told in Europe“They don’t take our cars, they don’t take our glorious products, they don’t take anything and take everything.”

In the gags is crazy. EU was formed to go to successful economic relationships and political process from the maintenance continent. Sometimes we had harmed long and promoted this wise response. But it was, Oops, we are very different from us today’s swundelrer.

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Moreover, as Danish’s economy, Jereest Rangngvid His blog notes, Trump looks in the lowest price business, ignoring business from wages and wages. Yes it happens that the money delivered by its goods from services at least Eurozone and big salaries with a spreading over there’s busy break. The Bascone Bas Eurozone Bilateral Reccountain Accountance and US nearest zero, not that these are important. But a lot of bilateral money only in property is useless and more than a general bilateral budget. When he receives his money, the trumpet is still a great shortage of goods for all his goods. It seems that so it has caused her to be very dangerous. (See charts.)

For Mexico and Canada, the economic routes of these fees will be 27 of your GDP property. Whether it is still going to be an act of unwillingness, it is not really successful, economic war. EU would have to retaliate. Transatantic relationships would be permanently lost.

And trade wars, however, is, Pedestals by compared to the Ambush of Volodymyr Zelenskyy at Oleva’s office By the US President and Deputy President on the next Friday and the suspension of the following Ukraine. The goal can be to force zelenkyy to sign a mineral sale. But the problem is great is that Zelenkyy Firrusts Purrin, for good reason, and now he has no reason to trust his transaction. Also Trump may want to “sell” moon “, but why fairly logging in if Ukraine is for taking?

Bar chart of attitude attitude: Do you think we should send armor and a military help in Ukraine? To show there is a large US US US Division that can provide military assistance in Ukraine

Both people both underestimate the Nakrain’s will to be free people. But if that goal should achieve, Europe will have to go up and explain Ukraine. FRIEEDRich Merz, the next German Chanlorl would be the first “before, how we can get independence from the USA.” Those steps should also be taken faster. One will be speeding to pass more than € 200bn to rent Russian Russian sources in Ukraine. One will be a great protection of self-defense now when our commitment NATO is lost.

EU Plus UK has a combined number of 3.6 Russian Russian number and GDP, 4.7 times larger. Thus, the problem is not a shortage of human or economic equipment: If (growth if) can cooperate with success in a long time. But the problem is still in a middle mode, from then Europe can’t make a valuable military resourceswhich one and Ukraine depends on it. Would we not refuse to provide weapons like Europe bought them? Refuse will be time to do so can.

Trump takes economic and political war in us allies and experts. But the falling of hoping in countries that shared with us its values ​​will end up in a priceless price for us.

Martin.wolf@ft.com

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