- cross-posted to:
- globalnews@lemmy.zip
- world@quokk.au
- cross-posted to:
- globalnews@lemmy.zip
- world@quokk.au
The United States has placed Switzerland on a list of countries with “unfair trade practices”.
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Does Trump want to fuck with the impenetrable banking fortress nation that is Switzerland?
And we have been doing exactly what President Trump wants for a long time.
And now you can see where it put you. Nowhere.
Welcome to the Trump’s list of bad countries, lets trade with each other.
We’re growing fast …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.
As an American I would give my right nut to live there instead of here.
As Belgian I do think Switzerland is one of the best countries on the entire planet. There’s a reason why they have 30% immigrants, and it’s not because German is a fun language to learn 😁
German
you do not need to learn german, switzerland has german, french and italian speaking regions
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?
They won’t, they’re immensely supportiv"
I did not mean that Conservatives are generally stupid; I meant, that stupid persons are generally Conservative. .-- John Stuart Mille
These are Cipolla’s five fundamental laws of stupidity:
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Always and inevitably, everyone underestimates the number of stupid individuals in circulation.
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The probability that a certain person (will) be stupid is independent of any other characteristic of that person.
3. A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses.
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Non-stupid people always underestimate the damaging power of stupid individuals. In particular, non-stupid people constantly forget that at all times and places, and under any circumstances, to deal and/or associate with stupid people always turns out to be a costly mistake.
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A stupid person is the most dangerous type of person.
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Even if they self aware enough to see that, they will never admit it.
they can be almost selfaware, r/selfawarewolves was a fun sub to visit.
Or they’ll say they need to go through this difficult transition in order to return to their former glory.
Empirical evidence says at least 100.
they’ll long be dead and their grandchildren will still claim this as “the best time in American history”.
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!
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.
swiss banks have putins money in it.
Probably because Lindt said that they might supply Canada from Europe instead of the US.
Begun the chocolate wars have.
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…
I thought the US especially enjoyed their puke flavoured chocolate? They don’t need European chocolate.
hereshey is more sugar than actual chocolate, although lindht is not good either. i get thier 90-100% all the time.
Lindt definitely isn’t the best choice. But between that and Hershey’s…
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.
they probably hold billions in frozen Russian assets
LOL… well the clowns were elected to the presidency… why are we surprised at the never ending circus?!
Making quality products that people actually want to buy is a dishonest and abusive practice, I’m glad someone finally spoke up.
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?
Well tbey are commenting this on an article about switzerland, which is not in the EU. Though it is in Schengen and the EEA.
United States of America. The name wasn’t helping us unfortunately.
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.
What? Swiss banks been mean to Putin?
When you think you done everything right…
Is this a legend to the five rings card?
Where’s the mtg card at, get outta here with your shoddy card game!!
The US is on a way to piss off all of its trading partners and former allies.
We’re never going to recover. He’s speed running the fall of a nation.
At least Nero had some musical talent on display while Rome burned. This guy can’t even dance.
Drumpf had it wrong. It’s not Zelenskyy risking WW3, it’s himself.
“Accuse the other side of what you, yourself, are doing.” The Republicans adopted the Nazi playbook decades ago.
