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Dr. Rasmus on Trump’s lifting exemptions on US tariffs on NAFTA-Europe steel & aluminum. The oft-ignored role of US domestic politics in Trump trade actions. Trump negotiating strategy and tactics. Why there’ll be no trade war with Mexico-Canada or Europe, but may yet be with China. NAFTA and Europe partners’ tepid responses to Trump announcement (Mexico $4b, Canada $16b, Europe $7.5b counter-tariffs compared to US $2.4 trillion total annual exports). Three-way splits in US-China trade negotiating team. The US ‘dual track’ trade negotiations strategy. In the second half hour, Rasmus addresses the emerging Italian Debt crisis and its similarities to the 2012-15 Greek debt crisis. Italy’s insolvent private banking system, $500b in nonperforming bank loans, and government debt of 130% of GDP. Contagion potential to French banks. 5-Star populist party-Greek Syriza party compared. Italy as Greek debt crisis writ large. How financial imperialism works in the Eurozone.
By Progressive Radio Network4.8
2525 ratings
Dr. Rasmus on Trump’s lifting exemptions on US tariffs on NAFTA-Europe steel & aluminum. The oft-ignored role of US domestic politics in Trump trade actions. Trump negotiating strategy and tactics. Why there’ll be no trade war with Mexico-Canada or Europe, but may yet be with China. NAFTA and Europe partners’ tepid responses to Trump announcement (Mexico $4b, Canada $16b, Europe $7.5b counter-tariffs compared to US $2.4 trillion total annual exports). Three-way splits in US-China trade negotiating team. The US ‘dual track’ trade negotiations strategy. In the second half hour, Rasmus addresses the emerging Italian Debt crisis and its similarities to the 2012-15 Greek debt crisis. Italy’s insolvent private banking system, $500b in nonperforming bank loans, and government debt of 130% of GDP. Contagion potential to French banks. 5-Star populist party-Greek Syriza party compared. Italy as Greek debt crisis writ large. How financial imperialism works in the Eurozone.

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