US blacklists Switzerland for "unfair trade"
www.swissinfo.ch
The United States has placed Switzerland on a list of countries with "unfair trade practices".

The United States has placed Switzerland on a list of countries with “unfair trade practices”.

  • Atherel@lemmy.dbzer0.comEnglish
    50·
    9 hours ago

    Switzerland has a positive balance of trade in goods and therefore appears on this list.

    Ah that’s why…

    We have good arguments. And we have been doing exactly what President Trump wants for a long time.

    Maybe it’s time to fucking stop pleasing the orange cunt, he doesn’t care!

    • Eatspancakes84@lemmy.worldEnglish
      8·
      3 hours ago

      This focus on the balance of trade is sooo stupid. The US spends more than it produces so it has an aggregate deficit on the trade balance. To stop this, you need to force Americans to spend less (I.e. ignite a recession), or produce more.

      Tariffs against selected countries that have a strong bilateral trade surplus with the US will not affect the US’ aggregate trade balance, since it doesn’t affect consumption by/ or production of the US economy. This is common knowledge from econ 101, and shouldn’t need to be explained to a president that supposedly has a degree in business.