Summary
Donald Trump has announced plans to impose 25% tariffs on the European Union, claiming the bloc was “formed to screw the United States.”
While details are pending, he suggested the levies would target cars and other imports. The EU, a major U.S. trading partner, has vowed immediate retaliation, with potential tariffs impacting $29.3 billion in exports.
French President Emmanuel Macron had attempted to dissuade Trump, urging focus on China instead.
Critics, including economists and conservative media, warn the tariffs could harm the U.S. economy.
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yeah american tourists are going to have a hard time in the next 50 years.
Studies show the majority of Americans don’t have a passport let alone have left their own state. 3rd world country.
That’s unfortunately what happens when people get gaslit into thinking being a debt slave is morally righteous.
Wtf kinda drug are the elite in the US on?
Cocaine, I remember hearing about Elon Musk’s supplier a while back. Most of the Republican Party is cranked, too, according to a historically young GOP congressman Madison Cawthorn.
Russian psy-ops boosted by algos from coked up tech bros.
Ketamine, or so I heard.
Capitalism.
Side effects include electing a complete moron and his piss baby groupies to the presidency
We need a dictator then?
Y’all elected one.
Money and power the name of that drog
Special K if Elon is any indication
Money. https://www.youtube.com/watch?v=IP2EKTCngiM Being rich is a mental disease. You don’t think straight when you are rich. The best solution is to not let people bi rich, ever.
Fucking do it then, cunt!
The EU has an official mechanism to combat economic pressure like this that includes suspension of all intellectual property from the country imposing the tarrifs.
Capitalism-lover hates competition. Interesting.
Capitalism strives to make money. Competition means profit margins shrink. So yes capitalists are against competition.
That is one of the many reasons listening to companies is not good economic planning for countries.
Yes, because the initial tarriff talks went over so well…
It did for Mexico and Canada.
They agreed to nothing new, and the terrifs vanished.
It must be like trying to negotiate with a toddler.
Putin’s puppet
Would love to be in the guy’s head for just 5 minutes, to see if he’s high or crazy or what.
see if he’s high or crazy or what
Either compromised, or bought and paid for, is what he is.
High and crazy, but mostly
I literally made that meme about 15 years ago, and I always feel proud when it unexpectedly pops up
Other feasible options, yes!
Multiple different personality disorders combined with just being an asshole, I’m thinking.
Multiple would make sense, but seems like just one personality🤪👀
Multiple disorders, not personalities.
Hmm, yes, maybe. Antisocial, avoidant/hyper sensitive to criticism, dependency disorder/on musk, histrionic/attention seeking, obsessive compulsive, narcissistic. Crap, he’s got 'em all.
Don’t forget sociopathic!
Do it. See what happens to that beautiful country of yours. What do you even provide the world besides shitty tech like meta and microsoft?
I believe Europe is importing quite some LNG, since we are weaning off Russia’s gas teat
Canada has quite a lot we can ship to Europe if you don’t want American LNG.
And suddenly Norway (not part of the EU or custom union) was exempt since I think energy and gas is what we live off these days.
I wonder how viable it would be to crack Canadian bitumen to produce methane for Europe
Guns and superhero movies mostly.
Based on an overwhelming amount of economic studies of tariffs in the last 100 years, the EU should ignore it. Why enact tariffs on American goods and make life more expensive for Europeans? Studies show EU businesses will raise prices accordingly. The citizens will be worse off.
However, based on our knowledge of how politicians act, they’ll take the bait and retaliate, thus making things more expensive for EU citizens.
This is what I’ve been thinking about for Canada’s reaction - do nothing! I can’t say how it will affect us now and in the immediate future but it seems the damage is already done anyway. BTW. this is my 1st post on Lemmy - thank you!
Maybe not “do nothing” but I like the remove certain products from shelves. Like stop the sale of American alcohol from shelves.
We didn’t do nothing. We announced massive retaliatory tariffs. The do nothing impression came from the fact that they asked for concessions we already offered.
Also, the US is still hitting us with tariffs. Starting March 4, 25% on everything then in April an additional 25% on steel and aluminum.
I don’t get it. If we do retaliate, the US will have something to gain (back) by removing the tariffs.
I don’t know what studies you are referring to (please leave a link) but it seems counterintuitive to not have that bargaining chip to force a quick end to the tarriffs (See US vs Canada 2025, US vs Mexico 2025).
I don’t see how one could reasonably measure policies like these through time; of course it’s worse in the short term for all involved parties but should resolve the situation faster. If they only measure the time during active tarriffs of course it’s better through survivorship bias.
Eugster, J., Jaumotte, M. F., MacDonald, M. M., & Piazza, M. R. (2022). The Effect of Tariffs in Global Value Chains. International Monetary Fund.
Furceri, D., Hannan, S. A., Ostry, J. D., & Rose, A. K. (2020). Are tariffs bad for growth? Yes, say five decades of data from 150 countries. Journal of Policy Modeling, 42(4), 850–859. https://doi.org/10.1016/j.jpolmod.2020.03.009
Schularick, M., & Solomou, S. (2011). Tariffs and economic growth in the first era of globalization. Journal of Economic Growth, 16(1), 33–70. https://doi.org/10.1007/s10887-011-9061-6
York, E. (2018). The Impact of Trade and Tariffs on the United States. Tax Foundation.
I read the abstract of the two links. The first one just says “tarrifs bad” without even mentioning our discussion above.
The second abstract said they did not find any evidence of “tarrifs good”, other factors had greater impact for growth. This is not the same question either.
try reading the entire articles. the question you asked are described in the lit reviews and discussion
I’m not going to buy a pdf for € 40…
I remember John Kerry’s election in 2004 was thwarted due in part to the perception that he was flip-flopping around a lot of issues. Trump is constantly making an absolute fool of himself by constantly backing away from shit he said he was going to do.
He has never flip-flopped on his electorate more important issues, like blaming immigrants for every problem on their lives.
Classic aim high and make the second offer seem like a win tactic?
Any attempts of anyone to do anything he doesn’t like is an attempt to screw him in his eyes.
The EU’s major effect isn’t harm to the us but keeping France, England, and Germany from shooting each other
Ofc the EU was created to screw the USA. Good for them. Nobody wants to be subservient to the paper petrol-dollars of a genocidal empire that’s literally destroying the planet for a few ultra privileged man babies.
“This again? See you next month, Don.”
He’s like clockwork, but he’s more of a fake Rolex.
