The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.
A tariff of “30%, or anything above 30%… has more or less the same effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday.
Šefčovič said it will “be almost impossible” for the bloc to continue its current level of trade with America if that new tariff rate is implemented on August 1 – the date stipulated by US President Donald Trump in his letter to the EU on Saturday.
Just don’t cave. Once you start down the bitch path, forever will it dominate your destiny.
Always remember: TACO.
When it comes to not being America’ bitch, Europe caved on that a while ago.
That was America BT (before Trump). America TE is like a whole new country. They get a reset.
That was more or less the whole premise of the Bretton Woods agreement which made the US the world hegemon by bringing peace and economic prosperity to the world. But Trump is throwing all that in the trash, so Europe will once again stand on its own two feet. And I predict that the US will lose much of its financial power to Europe who will be seen as the new bastion of stability and stable governance while the US goes full fascist.
i’m preparing for the EU to do nothing
that way if they do anything i’ll be pleasantly surprised
I expect them to prepare a tariff bomb on not only goods but services too that they won‘t unveil unless Trump really follows up on his threats.
Ngl, trump waffling around with tarriffs is already causing major damage to the economy. Companies need to project costs for budgeting to keep their business operational. Him constantly putting out changing information is causing layoffs and all sorts of chaos.
All that to say, they should really nut up sooner than later.
Just a few weeks away and I’m moving from the US to Sweden. Please US dollar, hold value long enough for me to get a bank account and transfer everything
Iirc they’re trying to put a tax on money leaving the US too.
Jfc, do you have a source on that? I’m going to be so fucked if that’s the case
Nvm think I found it: https://taxfoundation.org/blog/us-remittances-tax-big-beautiful-bill/
I’ve used wise.com to jump through some hoops when accepting transfers from international clients. It’s a plain Jane bank account (not bitcoin shenanigans).
Convert everything to like Monero or whatever
Message to Europeans from an American.
It’s time to start looking for other trading partners. Canada and Mexico come to mind. So does South America and Africa as a whole. Be ready for us to shit the bed in epic fashion, and make sure you’re not in the poo position. And don’t be afraid to punish us for our BS. Just be strategic with the payback and don’t copy our fails.
It’s time to start looking for other trading
The EU has been doing that. But it’s difficult to replace a 30T economy, representing 15% of the global aggregate of the world’s GDP.
With Tariffs, the outcome will always be a big loss worldwide. For some more than others.
Add: It’s already been harming USA manufacturers according to this AP article ,
" US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump. (…).But the factory investment spree has faded as the incoming Trump administration launched trade wars and, working with Congress, ended Biden’s subsidies for green energy. Now, predicts Mark Zandi, chief economist at Moody’s Analytics, “manufacturing production will continue to flatline.”
Removed by mod
Should probably plan for the worst case scenario where that trade is eliminated and mitigate it elsewhere as best as possible. America’s leadership has become cancerous, and figuratively speaking, leaning into their isolationism and letting them starve themselves out as a consequence of not understanding how economic globalization works is probably the best shot at real change.
Unfortunately it’s the only thing that will help fix US policy. Our people are too stupid to believe anything else.
Enough with the empty threats and DO IT
What do we even need from America?
The EU should add 100% tax on American restaurants like mcdonalds and burger king, they are pretty much universal health hazards anyway.
But the EU will back down as it always does.
Chips come to mind. Your next videocard is going to be even more expensive. Not sure if the tariff is applied to digital goods like netflix and youtube premium
I dont use subscription services but graphics card, yes i do.
graphics card, cpu, motherboard, peripherals. there’s probably more variety in peripherals, but is there any major non-usa (and preferably non-chinese owned) brand of the others?
I would be looking forward to a world without the usa, but shits fucked I’m afraid
You really want to hurt the USA? Tax their financial and technical services. Tax Netflix, Amazon, Microsoft, all US financial services companies, etc.
Make your own FOSS standard OS’ for use on E.U. devices. Make your own clouds and make API wrappers which perfectly mimic Amazon and Microsoft cloud API’s for easy migration.
The US stands to lose a lot more than the E.U. when services is brought into the picture. Bend that orange fucker over and show him how it’s done.
As a european I can only say
They’ll just funelle stuff anyway they can, and profit either way, regardless of whichboeasants have to suffer
