European 🇪🇺

  • 5 Posts
  • 18 Comments
Joined 2 years ago
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Cake day: June 10th, 2023

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  • Yeah, India could be considered an outlier in BRICS:

    " Perhaps the major problem to the BRICS is India. India is an outlier,” said Paulo Nogueira Batista Jr., a Brazilian economist who left the International Monetary Fund in 2015 to lead the New Development Bank, founded by the BRICS members in Shanghai.(…) other observers were calling India a Trojan horse within the BRICS, implying that its close relationships with the United States and Israel were sabotaging the larger group."

    But so could any other BRICS+ country , depending in their (geo)political position, and many other Western or other international institution.

    I do acknowledge though, that India’s stance against Chinese neo imperialism, and it’s recent military conflicts, sets it apart from other members



  • It’s time to start looking for other trading

    The EU has been doing that. But it’s difficult to replace a 30T economy, representing 15% of the global aggregate of the world’s GDP.

    With Tariffs, the outcome will always be a big loss worldwide. For some more than others.

    Add: It’s already been harming USA manufacturers according to this AP article ,

    " US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump. (…).But the factory investment spree has faded as the incoming Trump administration launched trade wars and, working with Congress, ended Biden’s subsidies for green energy. Now, predicts Mark Zandi, chief economist at Moody’s Analytics, “manufacturing production will continue to flatline.”