Trump might be right about the Germans

Discussion in 'Economics and Finance' started by Aptrgangr, Nov 16, 2017.

  1. Aptrgangr nulla crux, nulla corona

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    Trump might be right about the Germans

    This article was originally published in Hungarian (Trumpnak igaza van: a németek tényleg nagyon rosszak. 06.19.2017). It was first published in English by The Center for Transatlantic Relations.

    Donald Trump has declared war. Not on terrorism, nor on the “cheating” Chinese, not even on Mexico. Instead, the US President appears to have decided that his main international adversary will be a loyal ally to the U.S.: Germany. Recently, Berlin has had to bear the brunt of Trump's anger on international trade and security, through which, at least according to the President, the United States is supposed to be taken advantage of.

    At the end of May in Brussels, Trump essentially kicked down the door on unsuspecting European leaders by turning a NATO summit designed to appease him into a tirade against Germany and its ‘very bad' export policies. The problem according to Trump: Germany ‘exports too many cars to the United States, and that needs to be stopped. (The majority of German-brand cars sold in the US are actually assembled in America. The same is true for Japanese automobiles.)

    But even though Trump's policy ideas usually don't line up with mainstream economics wisdom, in this case, broadly speaking, he is actually right. Germany really does export too much, and this hurts Europe, America and the world economy as a whole.
    Excess German exports create unemployment, industrial decline and debt in Southern Europe and all over the world. All the while, the heavily export-reliant German economic model is unsustainable, and poses substantial risks for Germany's and Europe's future. (...)

    http://index.hu/english/2017/10/05/trump_might_be_right_about_the_germans/
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  2. WFHermans Forum Veteran

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    I think Volkswagen has a factory in the USA producing cars under the brand name Audi, and had to pay billions in fines because of their diesel engines toxic emissions, too lazy to look any of it up.

    Germany's present economic model is indeed unsustainable because it includes importing >1 million niggers a year into a 60 million White population.

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