) aircraft subsidy dispute could be increased as the two sides try to negotiate a settlement.
But he said that the U.S. goods trade deficit with the European Union could hit $180 billion in 2019 and the United States needed to find ways to sell more goods to Europe. According to U.S. Census Bureau data, that deficit was about $169 billion in 2018. Lighthizer said that a U.S.-UK trade deal is a priority for Washington and negotiations will be launched as soon as Britain is in a position to do so.
Trade deficits stem from our government budget deficits. The foreign demand for treasury debt creates demand for US dollars. The import purchases are a way to supply those dollars. A sudden jump in American demand for European stocks and bonds isn't going to happen.
This tariff thing is all the rage in the White House, it may come full circle and bite them on the bum (ass)🐰
A trade deficit is indicative of a service economy. Otherwise known as progress. Only this idiot thinks it is a bad thing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian financial firms face 'benchmark-aggedon' as tough EU rules nearBanks and asset managers that use Asian benchmarks like the Hang Seng or Nikkei ...
Source: Reuters - 🏆 2. / 97 Read more »
Italy says rescue of Popolare di Bari complies with EU state aid rulesEuropean Union competition authorities will have no reason to object to Italy&0... The point is how to avoid those bad admins. ПОБЕГИ
Source: Reuters - 🏆 2. / 97 Read more »
Indonesia hits EU with WTO lawsuit over palm oilEU had earlier imposed duties on biodiesel imports from Indonesia saying it was needed to level the playing field for its producers. Neighbouring Malaysia, the world's second-biggest palm oil producer, has also threatened WTO action against the EU.
Source: trtworld - 🏆 101. / 63 Read more »
U.K.’s Tortuous EU Exit Is a Lesson to Bloc’s Members: Don’t Try This at HomeBritain’s bruising EU departure has been so negatively viewed by European voters that even EU-skeptic parties have mostly dropped talk of leaving the bloc or the euro. Yay bureaucratic strangulation! DylanRatigan Totally, exactly like when 'Merica declared independence. Never happened again! The Continentials don’t have a very good political track record. They took a wrong turn around 133BC and still haven’t gotten back on track.
Source: WSJ - 🏆 98. / 63 Read more »
UK uses threat of Brexit cliff-edge to demand EU trade deal by end of 2020UK Prime Minister Boris Johnson will use the prospect of a Brexit cliff-edge at the end of 2020 to demand the EU gives him a comprehensive free trade deal in less than 11 months 'Give me a trade deal or I'm going to Trump.' ACatInParis FloVilleminot BaldingsWorld I would say that that is really the only way that you will get a satisfactory agreement out of the European Union. Theresa May's case is a cautionary tale. Petulant little boy. There's no way we will be done by then so why make crass promises. We might actually get a better deal if we wait which won't be so economic damaging for us.
Source: Reuters - 🏆 2. / 97 Read more »
Johnson uses threat of Brexit cliff-edge to demand EU trade deal by end of 2020UK Prime Minister Boris Johnson will use the prospect of a Brexit cliff-edge at the end of 2020 to demand the EU gives him a comprehensive free trade deal in less than 11 months Pfft. This has always been the conundrum at the heart of Brexit: he’s not really in a position to demand anything from the EU. They have more to gain/preserve by dropping Britain like a hot potato than by being nice. what kind of offer Boris can provide to EU? He's playing into the hands of Scots and Irish nationalists, not to mention Putin and Trump, the EU has the financial clout to bury the UK if it so chooses, it can soak up the lost trade far more easily than an Island without direct trade routes under several hundred miles.
Source: Reuters - 🏆 2. / 97 Read more »