For all the criticism of Trump and the risk of a global trade war, as Macron wants to unleash a trade war to elevate France to the top of the EU, if we just look at the data, we can see why Trump has taken this approach. Even those Republicans like Rand Paul joining the Democrats in calling tariffs a tax, none of them are looking at this issue objectively or seriously. Under the Biden Administration, not only was there a wholesale invasion of illegal immigrants, but on the trade front, he paid no attention at all, and most seemed to assume he was too senile to pay attention.
They are resoundingly calling Trump insane, mainly because they have something to lose. Free Trade has been one-sided. There is a risk that France will push to impose trade barriers against others to support their Marxist agenda. That will be devastating, but we see the world economy headed into a recession for the USA, yet a Depression for the EU. The fact that Trump imposed a 10% tariff on the UK but 20% on the EU is actually driving a wedge between Starmer’s dream of overruling BREXIT to get back into the Marxist utopia of the EU.
In addition, the belligerence of Macron is having an impact. There is a growing discontent with the European Union and the 20% tariff on the EU, with Macron vowing that full retaliation may prove to be the wedge that starts the fragmentation of the EU. Hungary has its own currency and can quickly leave the EU and resume trade with both the USA and Russia. Ukraine has long suppressed the Hungarian people trapped within the boundaries of Ukraine. The same is true for all of those members questioning the EU yet did not join the euro.
Hellbound and Down 