Serra Says Trump's Tax Rhetoric to Backfire in EU

The video discusses the US's criticism of Germany's trade surplus and suggests Germany should boost domestic consumption. It highlights Italy's strong export position and fiscal surplus despite high public debt. The speaker believes Trump's trade rhetoric may backfire, particularly affecting US companies. The video also examines the tax practices of major tech companies like Apple and Google, noting they pay minimal taxes in Europe and the US, which could lead to future regulatory changes.

Discuss the tax implications for major tech companies operating in Europe versus the United States as mentioned in the text.

What does the speaker suggest about the fairness of tax payments between U.S. and German companies?