Europeans are being punished for the actions of American companies that have relocated to the EU (mainly Ireland) to avoid paying US corporate income tax rates. A sad commentary on the quality of thinking behind US trade policy.
Brad Setser
Brad Setser22.7. klo 10.50
Sort of amazing that the US keeps referencing the bilateral trade deficit with Europe as a reason why significant European concessions are needed without ever (it seems) really bringing the conversation around to the biggest source of said deficit ... 1/
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