Results 1 to 7 of 7

Thread: Trump Accuses Europe of Bolstering Its Economy at America’s Expense

  1. #1
    ★ ★ ★ ★ ★ ★
    Rogue Valley's Avatar
    Join Date
    Apr 2013
    Last Seen
    Yesterday @ 05:52 PM
    Lean
    Independent
    Posts
    32,157

    Trump Accuses Europe of Bolstering Its Economy at America’s Expense

    Trump Accuses Europe of Bolstering Its Economy at America’s Expense | The New York Times

    Trump complained on social media that the weaker euro made it "easier" for Europe to "compete against the USA."



    6/18/19
    WASHINGTON — To President Trump, economics has always been a zero-sum game: If another country is winning, the United States must be losing. That view became clear on Tuesday, when Mr. Trump accused the European Central Bank of trying to prop up Europe’s economy and weaken its currency to gain a competitive edge over the United States. Mr. Trump directed his criticism at Mario Draghi, the bank’s president, who said in a speech on Tuesday that “additional stimulus will be required” to help Europe withstand the economic challenges it faced, including mounting protectionist threats stemming from Mr. Trump’s trade war. Those comments caused European financial markets to rally and the euro to decline sharply against the dollar. Mr. Trump, in a series of tweets, accused Mr. Draghi of deliberately pushing down the value of the euro “making it unfairly easier for them to compete against the USA.” “They have been getting away with this for years, along with China and others,” he tweeted. Speaking to reporters at the White House later in the day, Mr. Trump said Mr. Draghi “did something today that was very dramatic. And, frankly, it helped that part of the world.”

    Mr. Trump is viewing international economic policies through an increasingly narrow lens, observing only how decisions will affect the United States and seeing other countries’ attempts to help their economies as working against America’s interests. He has continually accused the Federal Reserve of putting the United States at a disadvantage to China, Europe and others by raising interest rates and has urged the central bank to take steps to strengthen the American economy, including cutting rates and restarting crisis-era stimulus programs. On Tuesday afternoon, Mr. Trump suggested that he would consider demoting the Fed’s chairman, Jerome H. Powell, if the United States central bank did not also move toward easing policy. Mr. Trump has begun equating currency movements with monetary policy. Currencies do move in response to central banks’ interest rate decisions, but that is generally not policymakers’ explicit goal. Officials target measures of economic growth, not the cost of the euro or dollar. The Fed has not signaled it is prepared to go nearly as far as Europe might. Growth in the United States has moderated somewhat, but the economy remains strong. Mr. Powell indicated early this year that the Fed was pivoting away from steadily lifting interest rates, adopting a patient stance instead as markets wobbled and growth showed signs of weakening. “We do not know how or when these issues will be resolved,” Mr. Powell said of trade spats, speaking earlier this month. “As always, we will act as appropriate to sustain the expansion.”
    I suggest that Trump is politicking and views any global monetary adjustments that may impact the US dollar as an attack against the current robust US economy that he inherited from Barack Obama.

    Related: Europe just gave the dollar a boost. Here's why Trump hates it


    The presidency doesn't change who you are, it reveals who you are.

  2. #2
    Sage

    Join Date
    Sep 2010
    Last Seen
    Yesterday @ 10:16 PM
    Lean
    Undisclosed
    Posts
    111,044

    Re: Trump Accuses Europe of Bolstering Its Economy at America’s Expense

    I thought every nation was suppose to put its own economic interests first according to Trump?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  3. #3
    Sage
    Chagos's Avatar
    Join Date
    Mar 2015
    Location
    in expatria
    Last Seen
    Today @ 05:01 AM
    Gender
    Lean
    Private
    Posts
    21,261

    Re: Trump Accuses Europe of Bolstering Its Economy at America’s Expense

    Like the Fed, the ECB is (at least on paper) independent.

    But in both cases what is said on paper has actually also proven to reflect reality. As countless examples of both bodies having been impervious to political interference showed.

    Trump can go and shove it stateside as much as European leaders can go and shove it over here. Not to mention cross-pond gripes to be directed towards the same destination.
    Quote Originally Posted by coldjoint View Post
    ~......................... I fully expect you to disappear ............~

  4. #4
    Sage
    Infinite Chaos's Avatar
    Join Date
    Oct 2007
    Last Seen
    Today @ 05:56 AM
    Lean
    Undisclosed
    Posts
    16,583

    Re: Trump Accuses Europe of Bolstering Its Economy at America’s Expense

    Trump changes the "take" on Europe daily - are we not supposed to be a hell-hole full of immigrants running our economies down and now we're doing well at the expense of the USA?

    What degree in mental gymnastics or "unthinking" do you need to be a Trump supporter?
    Quote Originally Posted by chuckiechan View Post
    Really? Wanna know how they wash their babies in Africa? They spray them with breast milk and let the goats lick them clean.
    Quote Originally Posted by trixare4kids View Post
    I'd have MORE respect for Starbucks if they would just own up to their own policy of booting non-paying black customers

  5. #5
    Sage

    Peter King's Avatar
    Join Date
    Feb 2012
    Location
    Netherlands
    Last Seen
    Today @ 05:53 AM
    Gender
    Lean
    Other
    Posts
    19,051

    Re: Trump Accuses Europe of Bolstering Its Economy at America’s Expense



    Cu2qr4DXgAAKJlp.jpg

    What a moron, he complains of the EU putting the EU first. Really, the man is one of the biggest jokes of a countries leader when it comes to foreign anything. He boasts about America first but whines like a little toddler when other countries do that same. Really, insane ramblings of a buffoon when it comes to international trade and the economic interests of other countries.

    1138795_1.jpg

    Because we are not going to put anyone else first at our own expense. The US would not do that so why would we?
    Ajax 34th National title, We will forever remember Appie Nouri

  6. #6
    Sage

    Join Date
    Jan 2016
    Last Seen
    Today @ 05:01 AM
    Lean
    Undisclosed
    Posts
    12,459

    Re: Trump Accuses Europe of Bolstering Its Economy at America’s Expense

    Quote Originally Posted by Rogue Valley View Post
    Trump Accuses Europe of Bolstering Its Economy at America’s Expense | The New York Times

    Trump complained on social media that the weaker euro made it "easier" for Europe to "compete against the USA."





    I suggest that Trump is politicking and views any global monetary adjustments that may impact the US dollar as an attack against the current robust US economy that he inherited from Barack Obama.

    Related: Europe just gave the dollar a boost. Here's why Trump hates it
    Does Trump have an issue with Europe First? Odd, the man who wraps himself in nationalism is offended by his own retoric. What a snowflake!!
    And when you’re a star, they let you do it. You can do anything. Grab them by the p**sy. You can do anything." –Donald Trump

  7. #7
    ★ ★ ★ ★ ★ ★
    Rogue Valley's Avatar
    Join Date
    Apr 2013
    Last Seen
    Yesterday @ 05:52 PM
    Lean
    Independent
    Posts
    32,157

    Re: Trump Accuses Europe of Bolstering Its Economy at America’s Expense

    Quote Originally Posted by Infinite Chaos View Post
    What degree in mental gymnastics or "unthinking" do you need to be a Trump supporter?
    From what I see here at DP on a daily basis, there doesn't seem to be any idiocy or treason that they won't employ.


    The presidency doesn't change who you are, it reveals who you are.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •