Juncker’s Trade Pitch to Trump: ‘I Can Be Stupid, as Well’ (But GDP growth exceeds mainstream predictions)
The Europeans used a different tactic when they had Jean-Claude Juncker meet with Donald Trump:
July 27, 2018
Some amusing details have emerged from yesterday’s alleged trade cease-fire “deal” between Juncker and Trump.
Please consider Juncker’s Trade Pitch to Trump: ‘I Can Be Stupid, as Well’.
Once Mr. Juncker entered the Oval Office, it was clear Mr. Trump was in a mood to negotiate, said a senior European Union official who was present.
Mr. Juncker grabbed the opportunity to argue that both sides need to refrain from further punitive tariffs or they would foolishly harm themselves.
“If you want to be stupid,” he told Mr. Trump, “I can be stupid, as well.”
Backing up his points, Mr. Juncker flipped through more than a dozen colorful cue cards with simplified explainers, the senior EU official said. Each card had at most three figures about a specific topic, such as trade in cars or standards for medical devices.
“We knew this wasn’t an academic seminar,” the EU official said. “It had to be very simple.”
What Happened?
In a nutshell, Trump backed down.
Why?
My assessment yesterday was accurate: Trump was feeling the heat from Republican senators and all automakers. …
Trade Negotiation Strategy Explained
Sadly, this is what’s become of trade negotiation policy: Anything you can do, I can do stupider. I can do anything stupider than you. https://www.fxstreet.com/analysis/stupidity-threats-i-can-be-stupid-as-well-said-juncker-to-trump-201807270510
Before going further, various ones in Europe also think that the UK is stupid as well because of Brexit. Here are two examples:
THE FORMER president of Switzerland Kaspar Villiger has blasted the British vote to leave the EU, claiming it was a result of “stupidity” …
He said: “The vote on Brexit was not an episode of direct democracy, but of stupidity. 05/29/18 https://www.express.co.uk/news/politics/966154/brexit-news-kasper-villiger-swiss-confederacy-president-switzerland-stupidity
The Luxembourg PM just summed up the stupidity of Brexit in 18 perfect words
… the greatest, most succinct description of Brexit has come from an unlikely source: the prime minister of Luxembourg, Mr Xavier Bettel.
Matthew Holehouse, a Brexit analyst, tweeted this:
Lux PM Bettel: “They were in with a load of opt-outs. Now they are out, and want a load of opt-ins.”
— Matthew Holehouse (@mattholehouse) March 7, 2018
Isn’t it just perfect?
“They were in with a load of opt-outs. Now they are out, and want a load of opt-ins.”
Which, of course, is absolutely true. https://www.shortlist.com/news/brexit-summed-up-luxembourg-prime-minister-eu-referendum/349002
So, from a European perspective, the US President and pro-Brexit UK voters have been acting stupidly.
There is resentment in Europe against the USA and UK (see also Steve Bannon in Europe working to breakup EU).
Yesterday, I saw the following news item related to how the EU handled the trade meeting with Donald Trump:
July 26, 2018
European Commission President Jean-Claude Juncker reportedly used colorful cards with simple explanations to discuss trade policies during his Wednesday meeting with President Trump.
The Wall Street Journal reported Thursday that Juncker relied on more than a dozen of the cards while explaining trade topics to Trump, including automotive trade, ahead of their Rose Garden announcement to hold formal trade talks.
“We knew this wasn’t an academic seminar. It had to be very simple,” a senior European Union official told The Journal.
Juncker and Trump emerged from the meeting with a handshake deal to avoid a trade war between the U.S. and the EU.
The leaders announced that they would work toward zero tariffs, and the EU agreed to increase U.S. soybean imports and decrease industrial tariffs.
Trump backed off from his threat to slap hefty tariffs on automotive imports as part of the agreement. http://thehill.com/policy/finance/international-taxes/399042-eu-official-used-colorful-simplified-cue-cards-to-explain
July 26, 2018
Jean-Claude Juncker, president of the European Commission, came to Washington to try to persuade President Trump to stop his trade war with the European Union. Juncker’s approach, reports The Wall Street Journal, involved dumbing the material down just short of the point of using finger puppets to explain what “trade” means:
Backing up his points, Mr. Juncker flipped through more than a dozen colorful cue cards with simplified explainers, the senior EU official said. Each card had at most three figures about a specific topic, such as trade in cars or standards for medical devices. http://nymag.com/daily/intelligencer/2018/07/trade-explained-to-trump-with-very-simple-cards.html
Europe felt that it needed a different way to communicate with Donald Trump, presumably so he would pay attention to enough details to make a deal to hold off on tariffs.
While that has happened, it will take time for a formal deal, should one happen.
I have long written that trade disputes between the USA and Europe would be a factor for the coming European Beast power to eliminate the USA, which is prophesied in Daniel 11:39 (see also USA in Prophecy: The Strongest Fortresses).
From Donald Trump’s perspective, he most likely believes that his negotiation style is working. He also is pleased with the reported 4% GDP growth in the 2nd quarter of 2018–as that is something his US critics had indicated was not annually attainable some time ago:
July 27, 2018
Democrat elites said President Trump’s policies would throw the US into recession.
They said a 4.0% GDP rate was impossible. It was a thing of the past.
Hillary Clinton: “Trump’s policies would throw us into a recession, the last thing we need.” …
So, Donald Trump has, thus far on this measure, done better than the mainstream thought.
From a European perspective, the Europeans seem to believe that they can reduce trade damage with the USA by trying other ways to deal with Donald Trump.
Earlier this year, the Trump Administration indicated a willingness to reopen the Transatlantic Trade and Investment Partnership (TTIP) talks with Europe (see Angela Merkel welcomes US offer to resume TTIP talks). But the Europeans apparently do not want to frame this week’s meeting that way:
July 26, 2018
European Commission boss Jean-Claude Juncker wouldn’t pitch it this way. But on Wednesday, he and U.S. President Donald Trump essentially revived trade goals dating from the Barack Obama era. The European Union will buy more American soybeans and liquefied natural gas, while U.S. tariffs on steel imports from that region may be eliminated if the parties can agree. Other goals featured in negotiations about the Transatlantic Trade and Investment Partnership, or TTIP, under Trump’s predecessor. https://www.reuters.com/article/us-usa-trade-breakingviews/breakingviews-trump-and-juncker-revive-obama-era-trade-goals-idUSKBN1KF31S
The Europeans are more and more coming to the conclusion that they need to set the rules for trade as well as lead the Western world. They also have decided that, in certain ways, they need to be more subtle than Donald Trump on some points–as well as to put up with him taking credit for various things.
While the Europeans find Donald Trump offensive, they do not want him to get in the way of their unity and dominance plans.
The Bible shows that Europe (end time Babylon) will rise up (Revelation 13:1-10) and dominate trade.
How they worked with Donald Trump this week shows that they continue to move in that direction.
Some items of possibly related interest may include:
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