Wall Street Mav
Wall Street Mav|Dec 09, 2025 14:18
We have a $250 billion trade deficit with the European Union. The Europeans have been taking advantage of our generosity since WW2 and our own leaders have been too feckless to address the issue. Just as Americans subsidize the defense of Europe while Europeans barely pay a fraction, the same is happening in other areas of the economy, such as pharmaceuticals. Europeans get cheaper drug prices than Americans and this is by design. "While manufacturing losses to China often dominate headlines, the European Union has also taken advantage of the United States for years. President Trump has highlighted that the EU, in some respects, poses even greater challenges than China. In May, an executive order exposed how European countries compel American patients to shoulder a disproportionate share of global research and development costs for pharmaceuticals, keeping drug prices artificially low." The only way to stop this is for President Trump to get tougher in our trade deals.a(Wall Street Mav)
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