- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
cross-posted from: https://lemm.ee/post/64750194
President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.
The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”
The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!
China is holding ground and it looks good for them, even Orange, after lowering many of tariffs, is taking about lowering remaining tariffs. While the opposite is happening to EU.
China holding ground ended up with Trump raising tariffs a few times as well. In this case he just talked about them. He did not sign anything. The stock market crashed and a shit ton of lobbiest try to bring Trump to not actually do it.
If he actually does it, then the EU can just copy China with the knowledge of that strategy working.
Yes, US is realizing, well the Orange is, that mindlessly and randomly applying tariffs will mostly hurt both parties. Where this lesson isn’t applied in EU case so far. Just talked about what tariffs did you mean? He applied 10% ones which are still there and he talked/applied (not sure, but the difference is in a day at best) reciprocal ones because EU was planning them in a month or so. Then he paused the latter for three months and applying them again after two months. Basically he is totally volatile and unreliable to serious negotiations, a totally opposite to stable :)