The United States has placed Switzerland on a list of countries with “unfair trade practices”.
If nothing else, at least Magats won’t be able to hide their gold there anymore.
Trump is all about pretenses.
There are the “reasons” he’s making those decisions, and then there are the “pretenses” he uses when the opportunity comes around to make them.
Swiss banks hold a lot of money from oligarchs and billionaires. Putin wants pressure put on them. But Trump has to find the “pretense” to do it so as to at least nominally not be seen as a russian asset. But what a coincidence, Lindt announces that they’re going to supply Canada directly from Europe to avoid his tariffs. And BOOM. Pretense established.
LOL… well the clowns were elected to the presidency… why are we surprised at the never ending circus?!
Lol.
As an American I would give my right nut to live there instead of here.
Omg, we are absolute shit right now.
Can we get a digital badge that the citizens of any advanced liberal democracy that Magastan panels as “bad” can proudly display on their socials?
Don’t sully the “-stan” countries like that, they don’t deserve that association.
Doesn’t “Stan” just mean land of (these people)?
Yeah, it does. But I think the intent of “Magastan” is to draw a comparison to “those countries”. But this is stooping down to Trump’s level imo
Hmm yeah it could certainly be interpreted that way. I get your point. I’ve said Canukistan before, but not to denigrate others, however it could certainly be interpreted in a negative manner.
How many months is it going to take for the Magats to realize they fucked America over?
Even if they self aware enough to see that, they will never admit it.
Or they’ll say they need to go through this difficult transition in order to return to their former glory.
they’ll long be dead and their grandchildren will still claim this as “the best time in American history”.
Empirical evidence says at least 100.
Making quality products that people actually want to buy is a dishonest and abusive practice, I’m glad someone finally spoke up.
Oh boy when you think you’ve done it all right with the oligarchs and stuff! NOT FAIR!
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!
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.
To stop this, you need to force Americans to spend less (I.e. ignite a recession), or produce more.
Well, you need them to import less (i.e. stop making foreign government loans) or export less (i.e. start buying foreign government loans from other countries).
Neither of them is exactly a recession, but it’s a large change that would trigger one if done badly. (AKA, the current administration will absolutely trigger one if they try - they aren’t trying by the way.)
Ehm you have that reversed (or your phrasing is terrible). Production>consumption implies export>imports implies lending to abroad exceeds borrowing from abroad. Said differently, if the current account is in surplus, the capital account is (by definition) in deficit.
To make this all a bit more intuitive: suppose instead of spending money on consumption goods, we invest in foreign assets. In that case we spend less meaning that we either import less foreign goods or have more domestic produced goods available for export. The consequence is an increase in the current account surplus.
or your phrasing is terrible
It’s the standard phrasing.
The loan is a piece of paper (well not anymore, but it used to be) that you make and sell around.
(I.e. ignite a recession)
Don’t worry, Drumpf is on the case!
Is this a legend to the five rings card?
Where’s the mtg card at, get outta here with your shoddy card game!!
What? Swiss banks been mean to Putin?
When you think you done everything right…
Lmao what the actual fuck? Switzerland…? He’s going after the Swiss now…? I just… wow. What is happening.
Edit: it’s apparently about - and I shit you not - chocolate. And it’s their volume market brand. Not even the really good stuff.
Probably because Lindt said that they might supply Canada from Europe instead of the US.
Begun the chocolate wars have.
I thought the US especially enjoyed their puke flavoured chocolate? They don’t need European chocolate.
The European chocolates would be specifically earmarked for Canada, so the US can keep their chocolate to themselves.
As a Canadian, I’d much prefer chocolate from local chocolatiers, though European chocolates are also a delightful treat.
It’s getting harder and harder to laugh at shit like this. I mean, it’s still funny, but it really is not.
I feel the exact same. It’s tragicomedic.
I laugh to hide the pain. The secret sixth stage of grief is gallows humor.
the ancient greeks are so fucking jealous right now…
they probably hold billions in frozen Russian assets
Europe needs to see that unity is the way to go. A united Europe is needed to stand against the mad kings in Russia and the US.
Europe, the place where 27 separate sovereign nations have formed a Union, needs to realise how important it is to be united?
Is that what you’re saying?
United States of America. The name wasn’t helping us unfortunately.
Well tbey are commenting this on an article about switzerland, which is not in the EU. Though it is in Schengen and the EEA.
Now we just need a King of Europe…
My vote is for Elon Musk. But only if we get to execute him the same day.
The french might have some spare guillotines in storage.
Can you ask them to send a few to America please? Thnx!
it would be way easier than the statue of liberty. barely an inconvenience.
Fuck, I wish the government was this enthusiastic about unfair trade practices within its own country.
Except it has nothing to do with unfair trade practices. It’s all about breaking down the world order to make room for Russia.
