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UP CEO Lance Fritz on Trade Disruptions and Risk to the Economy
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<p>[quote user="Euclid"]The problem is that the other side will never agree that there is any unfair advantage.[/quote]</p> <p>And sometimes the countries are right. When you look at the trade balance alone between European Union and the USA, the USA has a deficit.</p> <p>When you additionaly take services and profits US companies make in the EU and send back home as well as profits made by EU companies in the USA into the comparison the picture changes. The summery is balanced!</p> <p>Reason is the dominant position of American companies like Google, Facebook, Amazon etc. on the European market.</p> <p>But it doesn't seem to fit into the picture.<br />Regards, Volker</p>
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