Trump: The EU Was Created To Pick America’s Pockets

Trump today doubled-down on what he claimed last month:

“Europe treats us worse than China. Europe is—believe me, you know, look — I come from Europe. We come — you [Maria] come from Europe, okay? You’re of one—you’re of the European nations. European nations were set up in order to take advantage of the United States,” he told Fox host Maria Bartiromo, who is of Italian heritage, in an apparent reference to the 28-member European Union.

The EU’s origins, meanwhile, date back to the immediate aftermath of the Second World War, beginning with the European Coal and Steel Community in the early 1950s. The initial members of the group—Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany—believed that economic integration would guarantee peace on a continent recently ravaged by war.

The Fed “raised” way too early and way too much. Their quantitative tightening was another big mistake. While our Country is doing very well, the potential wealth creation that was missed, especially when measured against our debt, is staggering. We are competing with other…..

— Donald J. Trump (@realDonaldTrump) July 29, 2019

….countries that know how to play the game against the U.S. That’s actually why the E.U. was formed….and for China, until now, the U.S. has been “easy pickens.” The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!

— Donald J. Trump (@realDonaldTrump) July 29, 2019