Month: July 2018

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What does Trump want to prove with the new tariffs being levied on China?

Nobody really knows for sure. Probably not even Trump.

So far, the administration and Trump have not articulated what is realistic and what China could do that would lead the US to stop imposing tariffs.

It must be said that what Trump is doing with the tariff is not something — strictly speaking — new.

The US have a 25 percent tariff on imported trucks that goes back to the “Chicken War” of 1963 with the European Union, where the European Union kept the US chicken out of their market, and in retaliation the US imposed a 25 percent tariff on trucks. Continue reading “What does Trump want to prove with the new tariffs being levied on China?”

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Why is the EU fighting so hard to stop the UK from leaving? Why not just let the UK go?

Think of the EU as a club where members don’t trust each other.

So this EU club set up certain rules that all members contributed to draft and agreed upon: if the rules are breached by one or more members, the other members can rely to an agreed juidicial body that will keep things in order.

One day, one of its most active, rich and powerful members decided that he has enough and wants to leave the club.

If the EU club still wants to exists, it must keep the sets of rules that all of its members previously agreed upon, even if one member, no matter how rich or powerful, decides to leave the club. Continue reading “Why is the EU fighting so hard to stop the UK from leaving? Why not just let the UK go?”