Opinion – Trump sets stage for trade war with Europe via Twitter rant against carmakers – Slate

Here’s a breaking news story published by Slate. Trump is threatening trade wars with Europe, targeting car companies. Junckner says that Levy jeans and bourbon whiskey would be targets for retaliation. Meanwhile, Britain’s lame duck prime minister, Theresa May, will defend her government’s Brexit plans on the BBC’s Andrew Marr show.

It’s time for Trump to face reality. US productivity does not compete with international markets effectively because of deep-rooted problems, including management, quality and trade unions. And Trump needs to fix obesity and the opioid epidemic too. Americans aspire to German cars because of superior quality.  Perhaps Obama should have let US carmakers go to wall? Let’s not forget that US corporations are not paying their fair share of taxes in Europe.

But Angela Merkel, with her fragile political base, will no doubt be quick to protect the interests of German carmakers.

Against this potential global trade war, Brits are expected to believe Theresa May and her supporting ‘Ultras’ that all will come right after Brexit.

Thoughts?

Opinion – Brexit is just a distraction to the real problem: the UK’s clapped-out economy – The Guardian – Opinion – Austin Mitchell

Swot analysis

Swot analysis (Photo credit: Wikipedia)

This Guardian op-ed, by former Labour MP, is a good read. It touches many of the right buttons but is deeply flawed on the way forward.

Source: Brexit is just a distraction to the real problem: the UK’s clapped-out economy – The Guardian – Opinion –  Austin Mitchell

Many of the observations in this article are reasonable but the causes are not all down to economic liberalism. What about greedy unions and a lazy workforce that’s seriously light on skills, compared to other mature economies and rapidly developing economies too?

Austin Mitchell lets his left-wing bias dictate his argument. Sadly, he’s light on strategy. I agree that the UK economy‘s over-dependent on financial services.

Surely, we need a SWOT analysis by industry to clarify the way forward, with a matching risk analysis?

Thoughts?