The Approach May Have Been Simplistic But Trump Was Right To Impose Tariffs

Donald Trump claimed he was being “kind” when he announced the biggest shift in US trade policy in a century. It was typical Trump bullshit of course, there's nothing kind about a kick in the bollocks, which is what he has delivered to world trade.

But was he right as the headline says? For decades the liberal democracies have been obsessed with free trade and globalisation. Tariffs drag us back to the days of expensive imported goods, long customs delays and obstructive regulations. So how can the move be positive?

The US president said reciprocal tariffs of 20pc on the EU and 34pc on China were the result of carefully calibrated calculations based on “the combined rate of all their tariffs and non-monetary barriers” such as currency manipulation.

A White House official said the calculations encapsulated “the sum of all cheating”.

“We will charge them approximately half of what they have been charging us,” President Trump told an audience in the Rose Garden of the White House.

The Trump administration published what looked like a complex-looking but rather theatrical algebraic formula complete with Greek letters to explain its rationale. But in the end, the tariffs boil down to simple maths, casting doubt on the idea that Sir Keir Starmer’s lobbying efforts in the US had any influence on the outcome.

The reciprocal rates are simply based on each country’s goods trade surplus with America relative to how much they send to the world’s biggest economy. Nothing more, nothing less.

On paper global free trade under World Trade Organisation rules looks a great idea, but free trade involves everybody playing according to the same rules. And some nations are notorious for making u their own rules as they go along.  I'm sure it would be superfluous to name the main culprits, but it is not a new game and the current rule benders not originate this technique for boosting their economy. 

While the USA has suffered somewhat, as issuer of the main reserve currency Washington has been able to protect US interests by manipulating exchange rates. Ironically this is one of the sins they now accuse China of. But don't feel sorry for China, in collaboration with Russia, Iran and a few other eastern nations thy have been working for years to dislodge the US dollar from its dominant position.

In a sense, Trump has already won his trade war, as the Cinese Communist PartyCCP) has massively expanded “export subsidies” to favoured manufacturers so that they dont have to pass Trump tariffs on to customers. In the first two months of this year export subsidies have already amounted  to the billions of Yuan. So the people who toil away in CCP controlled factories for CCP mandated wage rates are directly subsidising the western consumers as will their children with the epic CCP central bank expansion in money supply, to keep the CCP command economy above water.  

WTO rules exist to ensure subsidies do not distort international competition or confer an unfair benefit on domestic producers. These rules are ultimately about protecting free and fair international trade and competition, so that one country's exports do not hold an unfair advantage over another. 

 In attacking Trump tariffs the TDS sufferers in Europe and around the world are missing the point. The EU, for example, is a vast protectionist regime with EU-wide and state subsidies distorting the actual price of its goods. For example, the CAP, the devaluation of the Deutsche euro as a currency for Germany, the subsidies to steel and other industrial goods, the EU tariff regime per se. This has allowed EU goods to be sold at reduced prices and has allowed the EU to accumulate a trade surplus with the USA. Are Trump's tariffs not a corrective measure and a negotiating starting point? 

Same goes for China, their mssive subsidies to industry plus low labour costs because the government (The Party) controls wages and prices because as the leadership has made blatantly clear, China intends to dominate world trade in the not too distant future. 

In view of these considerations Trump's impostion of tariffs are understandable and if (it's a bif IF,) they have the long term consequence of persuading all parties to observe the WTO rules by complying to, rather than bending them, it could benefit us all.

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Why Iceland Recovery Is Being Ignored In Mainstream News
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Debt, how much of a threat to ordinary people is it? The truth might frighten you which is why bank bosses, government leaders and media pundits are not eager to tell the truth. What can we do? Not much in the short term, in the long term, reclaim the sovereignty of our nations and our individual sovereignty and tell the world view thinkers their crazy ideas have maxed out their credit

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EU to Keep Part of TTIP Trade Deal Papers Under Wraps

Representatives of various anti TTIP protest groups mock the secrecy surrounding negotiations of the trade deal's terms. (Image source)

One of the things about the dodgy trade deal being pushed through between the USA and EU, the Trans Atlantic Trade And Investment Partnership (TTIP) is the secrecy that has surrounded negotiations. Even elected representatives, members of European national assemblies such as the UK Parliament and the German Bundestag have not been allowed to know what is in it.

That alone should tell you beyond reasonable doubt that the so called 'free trade' deal (which is actually very little to do with trade and a lot to do with transferring sovereignty over vital areas of national law and administration from national governments to global corporate businesses) is bad for the people and good for the elites.

Even now as the bureaucratic dictatorship in Brussels and the wretched Obama administration in Washington push to get the deal, nicknamed Obamatrade, completed before the worst American President ever leaves office, the officials in charge of negotiations are reluctant to release details to the public or the media.

The European Commission does not plan unveiling all documents on the EU-US free trade deal, Europe's top trade official said in an op-ed published in a French newspaper on Friday.

The publication in Le Monde comes less than two weeks before the 13th round of EU-US talks on the Trans-Atlantic Trade and Investment Partnership (TTIP) kicks off in New York on April 25.

"Certain documents must stay confidential, either those related to tactical comments directly referencing Europe’s negotiating stance or those citing US documents, which are not for us to publish," EU Trade Commissioner Cecilia Malmstroem said in the article.

The TTIP deal, which aims to deregulate trade US-EU trade, has been criticized for lack of transparency, prompting the Commission to publish some of the TTIP documents.

Malmstroem stressed that TTIP documents in question would be made available to national parliaments of EU member states, offering a degree of openness that had not been there before. Parliaments will also be the last to decide on the trade pact once the Commission is done negotiating it, she added.

European lawmakers have laid down a set of principles they want to be observed during the ongoing talks, including greater transparency, inviolability of social and environmental standards, and respect of EU’s red lines, she continued.

Last year, the secretive deal sparked widespread concern that it would lower environmental, health, safety, and workers’ rights standards in Europe, as well as enable the extra-judicial settlement of disputes in circumvention of national sovereignty.

Here's an extract from Malmstrom's Le Monde article translated into English

By Cecilia Malmström
Like any major initiative, the Transatlantic Partnership on Trade and Investment (TTIP) raises many concerns and hopes, giving rise to a lively debate about its purpose and its methods. One thing is certain: the role of national parliaments in the democratic control of the negotiations will be crucial as people who read the article by sixty [European] parliamentarians published in Le Monde will recall.

This forum demonstrates the commitment of Members of Parliament to exercise fully their role of elected representatives in the democratic control of the negotiations for over two years with the United States. This is not surprising: these negotiations are important for Europe, and also for France, which is a key player in the transatlantic relationship, which has always been about globalization of trade.

These parliamentarians set conditions for successful negotiations which I fully share: transparency at all levels, reciprocity between the parties, intransigence on social and environmental standards, which can be changed only to the highest bidder, respecting our red lines and the refusal of any private arbitration tribunal in favor of a global accountability for investment.

The Commission will not yield anything on defending the European agricultural and food model. Beef hormones or chlorinated chicken remain in the United States. The goal of negotiations is rather to promote our agricultural model, to obtain recognition of controlled appellations and support our exports high value added dairy products, wine and spirits or processed food. Imperative that we get more openness and reciprocity in public procurement and services. These are all vital interests for France and 22,000 companies that export overseas. They will be reflected in the final agreement.

Unfortunately, as you may have guessed, all that is total bollocks. The 'sixty parliamentarians' were all from parties fully committed to the abolishing the sovereignty of Europe's member states and absorbing the whole of the EU plus those Balkan, East European, middle eastern and north African states that figure in the bureaucracy's expansion plans into a single, federal superstate.

That is why we British must vote LEAVE and support popular movements in other states that are calling for IN / OUT votes. The EU is not transparent, not democratic and it is certainly not economically sound.


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TTIP Is Dead: Trade Talks Between EU And U.S. Have Collapsed, Germany Says

The Transatlantic Trade and Investment Partnership (TTIP) negotiations, the so called free trade deal between the EU and the USA, have collapsed, German’s economic minister has announced. The cause of the collapse has been cited as failure to move forward on any of the major planks of the deal, which has been dogged by controversy and widespread opposition from all sides of the political spectrum.

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Controversial TTIP (Global Tyranny) Legislation Held in ‘Secure’ Room to Avoid Leaks
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'We Got Duped': Ukraine Billionaire Slams EU Free Trade 'Fraud'

Chicken Kiev, Ukraine's contribution to world cuisine

Washington sees the European Union (EU) as vital to its global hegemony ambition, as we have demonstrated in many posts. Therefore it was inevitable that the puppet government of Ukraine, installed after the CIA / US State Department engineered coup deposed the democratically elected (if criminally corrupt) government and replaced it with the current government headed by Willy Wonka oligarch Petro Poroshenko.

That of course led to the annexation of Crimea, a region with an ethnic Russian majority, by Vladimir Putin's government in Russia and the outbreak of civil war in east Ukraine as pro Russia separatists set up a breakaway state in the Donbass region.

After falling for EU leaders promises that full membership of the wannabe federal European Superstate (Great Germany?) would be fast tracked if Ukraine rejected Russia as a partner for a free trade treaty, the country's businessment are learning that in the bureaucratic jargon of Brussels 'free' does not mean without tarriff. Ukraine's top chicken farmer and former Poroshenko aide found that new EU trade quotas imposed on Ukraine prevent the expansion of Ukraine's economy.

The European Union's free trade agreement with Ukraine turned out to be a "defrauding of Ukraine," according to Ukrainian President Petro Poroshenko's associate agriculture tycoon Yuriy Kosyuk.

In an interview with US government foreign language broadcaster Voice of America's Ukrainian service, Kosyuk said the new free trade agreement will not help his company, as the import limit set by Brussels for chickens is a fraction of his company's production alone. The EU deal also restricts Ukraine's ability to export to non - EU countries.

Nicknamed Ukraine's "chicken oligarch," Kosyuk controls nearly two thirds of Ukraine's chicken production. Until December 2014, he was the deputy head of Poroshenko's administration.

"Europe talks of the Free Trade Area with Ukraine, and at the same time a load of exceptions and limitations are put on the export of Ukrainian goods. Because of this, the free trade area is only one-way, into Ukraine," Kosyuk told Voice of America.

Which, if the truth was ever told, is the situation many British businesses have encountered in trying to export to Europe, and what many British people (myself included) have for many years come up against when seeking responsible, well paid positions in Europe. In my case the bureaucratic obstructionism prevented me from taking a role as an external consultant. Had I ben contracted by a British consultancy to work in The Netherlands there would have been no problem, but because a Dutch company were trying to employ me direct, all sorts of bureaucratic obstacles stood in their way.

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Massive Protests In Europe Against TTIP - Mainstream Media Blackout

Corporate bosses give their reasons for supporting TTIP, TISA and TPP

If you read us here, at Boggart Blog or The Daily Stirrer, or is you are among the growing number of people who turn to alternative media to find out what's really going on in the world, you are most likely aware of the 'free' trade deals, TTIP, TISA, and TPP being negotiated in secret, behind closed doors.

You will also know there has been considerable opposition and even that some protests against the cooking up by bureaucrats and corporate lawyers of deals which transfer major areas of national sovereignty to big business. But, due to a European and American mainstream media blackout the extent of opposition and sheer scale of protests, and the arrests of TTIP opponents in Europe is as secret as the terms of these treated which even the democratically elected members of national government are not party to.

The architects of this attack on freedom as the USA's Obama Andministration and the neo Nazi leaders of the European Union's bureaucratic dictatorship.

Hundreds of thousands of activist have recently joined protests in Europe to oppose what could be the world’s biggest corporate take-over of democratic rights and national sovereignty ever seen. Resistance to TTIP has been most fierce in Germany, with tens of thousands joining demonstrations across the country last weekend. In Belgium, host to the EU headquarters, policing of the demonstrations was particularly heavy handed and many demonstrators were arrested

A recent YouGov poll showed that 43% of Germans believe TTIP would be bad for the country, compared to 26% who see it as positive with 31% unaware of TTIP. Demonstrations in other European cities also drew protesters, including 2,000 in Brussels, 1,000 in Madrid and Helsinki, more in Warsaw and Prague.

In Berlin, an estimated 1,500 demonstrators formed a human chain stretching from the Potsdamer Platz, past the US embassy and through the Brandenburg Gate to offices of the European Commission. In Munich, lobby group Attac estimated numbers of protestors at 15,000. Marches in Leipzig, Stuttgart, Frankfurt and other European cities were also well supported on what Attac hailed as a “global day of action” against corporate facism.

Around Europe, 40 events against the trade agreement took place in Italy, over 60 in Spain, and over 70 in France – Though UK activists are preoccupied with General Election campaigns, London staged an event organised by British campaign groups War on Want, Global Justice Now, Keep Our NHS Public, Brick Lane Debates and Students Against TTIP. In all, across the globe 700 demonstrations covering 5 continents raised the people's voice against Free Trade Agreements such as TTIP. And yet not ONE word about the protests or the reason for them was reported in mainstream media

This is now a battle of the people verses the corporations, citizens verses elitist governments, freedom versus tyranny, humanity versus money and the media blackout is just another sign that your rights are being withdrawn. So what are you waiting for, get active.


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(As you can see we have built up quote a library of posts on TTIP, TPP etc - and these are not all our articles on the topic)

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Leaked EU - TTIP document: Destruction of Democracy planned

by Ed Butt

The Transatlantic Trade and Investment Partnership has encountered stiff opposition in Europe. Picture credit: Jakob Huber, flickr

A new leaked European Commission proposal which if implemented would form part of the EU-US Transatlantic Trade and Investment Partnership (TTIP) treaty currently being negotiated in secret between Brussels and Washington, EU member state legislative proposals will be subjected to vetting by corporate lawyers for potential impacts on private business interests first.

Yes you read it correctly – governments of sovereign nations will need to obtain approval from an unelected bunch of corporate lawyers before they can make laws and police in the best interests of the people who elected them. As we have been saying for two years, TTIP puts corporate profits above freedom, democracy and the rule of law.

Civil rights and libertarian groups have already denounced this plan as being nothing less than tool to enable corporate business to operate above the law, the references to 'free trade' really mean corporate bosses will be free to do as they like. Consumer protection and workers' rights lobbyists have condemned the “regulatory exchange” plan as an affront to representative democracy. "TTIP is an insult to citizens, elected politicians and democracy itself", says Max Bank of Lobby Control.

Responsibility for the screening of national legislation proposals will be given to the 'Regulatory cooperation body', a permanent, undemocratic, and unaccountable conclave of European and American technocrats. "Both the Commission and US authorities will be able to exert undue pressure on governments and politicians under this measure as these powerful players are parachuted into national legislative procedures. The two are also very likely to share the same agenda: upholding the interests of multinationals," says Kenneth Haar of Corporate Europe Observatory.

“The Commission proposal introduces a system that puts every new environmental, health, labour, and standard at European and member state level at risk. It creates a labyrinth of red tape for regulators, to be paid by the tax payer, that undermines their appetite to adopt legislation in the public interest,” says Paul de Clerck of Friends of the Earth Europe.

We will have more on this as it breaks.

Read Full TTIP Document HERE

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France’s President Hollande Says 'Non' To Obama’s Demand for Corporate Global Oligarchy

The embattled French President has become the first national leader to state categorically his country will not sign the Trans Atlantic Trade and Investment Partnership being pushed by the USA's Obama Administration.
Before we start applauding this sudden attack of testicular fortitude and comparing Hollande's defence of French sovereignty against the Muslim (allegedly)conqueror to the stand of brave Roland and his twelve companions at Roncesvalles (I'd bet that will send a few readers rushing off to Google or Wikipedia,) we should remember the current socialist government is already the most unpopular France has ever had and the President knows that to give away French sovereignty to US Corporate businesses would be political suicide.

France’s President Hollande Says 'Non' To Obama’s Demand for Corporate Global Oligarchy

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US Free Trade Treaty Really Unites Left and Right The utterly discredited administration of the USA's rent-boy President is still hoping to slavage something from the wreckage of the first black President's two terms in office by making securing some sort of a political legacy for him. If they succeed he will go down in history as the man who destroyed three thousand years of democracy and handed the developed world to corporate fascists.

This is why the pernicious anything-but-free trade treaties are being pushed so hard, these treaties will give corporate businesses the ability to sue governments and overturn national law.

It may turn out however that the legacy of the most money-friendly President ever will not be quite what is hoped for. The trade treaties (which you can learn more about in the posts on THIS PAGE may be the cause that reunites left and right in defence of national sovereignty against the onslaught of globalism and cultural Marxism.

Sweden's shaky politically correct consensus ruling coalition could be the first major victory as the hard line socialists of the Left Party find common cause with the extreme right Sweden Democrats to protect Swedish business (and Swedish jobs) from the suffocating embrace of American corporatism:

from The Local

The leader of Sweden's Left Party Jonas Sjöstedt, unleashed an attack on the government of Prime Minister Stefan Löfven in an interview with Sweden's Expressen newspaper. The wording is a sign that the last-minute deal struck last month with Sweden's right-wing alliance, while it prevented an emergency election, is causing strains with the the Social Democrats' traditional left-wing allies.

In his attack, Sjöstedt issued a stark warning that if the red-green coalition failed to stick to a deal struck last year to limit the extent to which private companies can profit from providing state services, it would no longer be able to count on his party's support.

"If they betray us on the profit agreement, they can forget about negotiating a budget with us,” he said in the interview. "I don't think I can be any clearer than that.”

He criticised the negotiating stance Sweden had taken in December's climate change talks in Paris.

"The government is a huge disappointment in terms of its work for the climate, the goals it has for climate change, and how it acts in the European Union," he said, before laying into its support for the controversial Transatlantic Trade and Investment Partnership (TTIP) with the US.

"The government has chickened out," he said of the deal. "You should say 'no' to an agreement which means that companies can sue countries."

(Under the terms of TTIP, revealed only in leaked documents as the deal has been negotiated between US and EU bureaucrats in conditions of total secrecy - 'nuff said - the profit deal Sjöstedt was eager to protect would be one of the first targets for American corporate lawyers.)

More to come on this, we are sure.


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READ MORE ON: France >> trade >> TTIP >> Europe >> USA >> Obama
Regulatory Cooperation’ and TTIP: Opening The Floodgates For Corporate PlunderA new leak concerning the talks around the Transatlantic Trade and Investment Partnership (TTIP) indicates that the floodgates could be opened even further for corporate influence. The leak has been analysed by the corporate watchdogs CEO and LobbyControl and shows that corporate influence on EU and US policies might dramatically increase via the chapter on so-called ‘regulatory cooperation’.

Germany Axes Canada-EU Trade Agreement, This Will End TTIP Stitch Up Too

Germany Axes Canada-EU Trade Agreement, This Will End TTIP Stitch Up Too

by ianrthorpe @ 2014-07-28 – 18:35:03

We are winning. Well today we are at least. News broke over the weekend that Germany intends to junk the Canada Europe Trade Agreement (CETA), a template for the much bigger and therefore more threatening to freedom and democratic rule Trans Atlantic Trade and Investment partnership (TTIP). So it looks as though the shockwave of the European Parliament elections that saw parties such as UKIP, Italy's Five Start Movement, France's front national and Alternatif fur Deutscheland ans a host of parties in smaller nations doing well at the expense of pro - integration parties has awoken politicians to the anger of voters throughout Europe with the dictatorial attitude of the EU.
READ FULL ARTICLE on Merkel pulling the plug on corporate trade deal
Germany Axes Canada-EU Trade Agreement, This Will End TTIP Stitch Up Too

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