Is It Really About Brining Back Manufacturing?
President Trump made an offer to Europe this week. Buy our energy—a lot of our energy, like $350 Billion worth of it—and we can call off the trade war.
In reality, it isn’t so simple. The proposal would require a wholesale reorientation in the way Europe buys energy. And it would tether the region’s energy security to what is seen as an increasingly unreliable partner.
After the European Union offered to slash tariffs to zero for industrial goods with the U.S., Trump said that wasn’t enough. The bloc, he said, should close its trade surplus with the U.S. by buying $350 billion of U.S. energy products. That amount, nearly equal to the value of all the oil and gas the EU imported last year, would make the U.S. the continent’s dominant energy supplier.
“They’re going to have to buy their energy from us, because they need it,” Trump said in the Oval Office.
So, what happened to the "we're bringing back manufacturing" bullshit?
What this will do, if Europe agrees, is benefit the oil industry execs who invested in Trump's re-election campaign, and will most definitely not bring a brand new Bosch home appliances factory to Michigan.
It will also NOT put those coal workers Trump paraded earlier in the week, back to work.
MAGA
In reality, it isn’t so simple. The proposal would require a wholesale reorientation in the way Europe buys energy. And it would tether the region’s energy security to what is seen as an increasingly unreliable partner.
After the European Union offered to slash tariffs to zero for industrial goods with the U.S., Trump said that wasn’t enough. The bloc, he said, should close its trade surplus with the U.S. by buying $350 billion of U.S. energy products. That amount, nearly equal to the value of all the oil and gas the EU imported last year, would make the U.S. the continent’s dominant energy supplier.
“They’re going to have to buy their energy from us, because they need it,” Trump said in the Oval Office.
So, what happened to the "we're bringing back manufacturing" bullshit?
What this will do, if Europe agrees, is benefit the oil industry execs who invested in Trump's re-election campaign, and will most definitely not bring a brand new Bosch home appliances factory to Michigan.
It will also NOT put those coal workers Trump paraded earlier in the week, back to work.
MAGA
