Alex Christoforou
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
How odd that the USA, whose politicians, businessmen, and academics have been lecturing us for decades about the advantages of free trade, should be doing so much to impede it. If everyone agrees to dispense with tariffs and other trade restraints, certainly everything will flow more smoothly and there will be a global open market. But as soon as the US government started imposing “sanctions” and tariffs against major nations such as Russia, China, and Iran, the whole global system of free trade was crippled. No one can know where the Masters of the Universe will strike next. Fundamentally, it’s… Read more »
The problem is that the US is no longer competitive, producing/capable of producing only expensive and shoddy goods.
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Agreed!! And the great paradox is that, in abandoning Europe while simultaneously rendering Europe dependent on unreliable LNG from the US itself (!), the US is giving the next generation of European voters every incentive to imprison their current leaders for their criminal behaviour, to restore diplomatic & economic relations with Russia, and to rebuild its own strength and sovereignty.
The EU bureaucrats are deliberately doing exactly what King Canute didn’t.
Or, to use a different historical metaphor, one might say that the Neros, Livias, Messalinas and Caligulas of Brussels are gaily setting fire to their Rome and cheering as they watch it burn. Of course, we know what happened to those four.
Thank you for another excellent summary, Alexandre! I see a problematic paradox in the US behaviour. First, it seems highly treacherous. Second, if Europe becomes dependent on unreliable LNG from the US, but is then abandoned by the US, then the Europeans have every reason to limit their relationship with the US, and to restore its economic trade with Russia. This would allow it to restructure its industries, and to regain the trust of its citizens, and perhaps even trust in its own sovereignty.