The EU has a GDP basically comparable to that of the United States. The composition of their economy is similar to ours. These are not developing countries. These are developed countries and yet They have a significant trade surplus with the United States. Even though our economies are pretty much the same. These are not low wage countries. That's a problem. All the President is saying is we need to equalize treatment. (17:47–17:51)
CLAIM
Asserts that the EU has a significant trade surplus with the U.S.
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