Trump announces tariffs of 30% on the European Union, starting August 1.
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It's a bit delusional to say that EU countries are truly independent. Yes, any country can independently decide to leave the union – but as long as you're part of it, you give up parts of your independence.
The EU is very strange. Yes, there is a global unifying policy but countries still have a wide autonomy.
Portugal has specific trade and travel agreements with individual countries, outside the wide EU policy. Other countries do this.
In this specific situation, we already know it will be the bloc handling as a whole the issue. Spain has already stated that all commercial tariffs must be addressed to Brussels, as it is part of the common external relations policy. But individual countries can add their twist to end.
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Ah yes my favorite Country, the European Union.
Weeeeeelllll it basically is from the outside.
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These Tariffs may be modified, upward or downward, depending on our relationship with your Country.
First, what the fuck is that random capitalization?
Second, so your giving us in writing, that these tariffs
maywill be modified at will if you feel so.Third, which country are you talking about? Europe is a continent. EU is a union of independent countries/nations.
wrote last edited by [email protected]As much as I fucking despise this shitbrick orange hitler, the capitalisation is standard in my limited experience, in legal documents it is common to treat an established concept as a proper noun to make it explicitly clear what you are referring to.
There may be a passage near the start which says something along the lines of "the proposed 30% trading tariff, herein referred to as the Tariff" or "the European Union trading area, herein referred to as the Country". (In this case those passages don't exist but I think the capitalisation still makes sense)
Equating the EU with Country is absolutely batshit insane though.
AMERICA NUMBER 1 YOU'LL NEVER BE DISAPPOINTED (if your expectations are already on the floor)
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I'm not great on economics but the concept of a tariff is that the entity importing something has to pay an extra levy in order to place in a market a given product.
This follows that an american importer of any trade goods of european origin will have to pay an extra thirty cents for each dollar such goods cost.
That extra cost will then be passed along the commercial chain, down to the final client.
So, prices go up for general public.
Meanwhile, nothing is stopping the country of origin of such products to divert their business to other countries, thus maintaining their normal activities.
Am I wrong or this whole thing is disastrous for the USA?
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I'm not great on economics but the concept of a tariff is that the entity importing something has to pay an extra levy in order to place in a market a given product.
This follows that an american importer of any trade goods of european origin will have to pay an extra thirty cents for each dollar such goods cost.
That extra cost will then be passed along the commercial chain, down to the final client.
So, prices go up for general public.
Meanwhile, nothing is stopping the country of origin of such products to divert their business to other countries, thus maintaining their normal activities.
Am I wrong or this whole thing is disastrous for the USA?
It is indeed bad for US businesses and consumers, and therefore for US economy in general, but as US market is so big and important, it's also bad for countries doing business with US, including in Europe, like, for example, German carmakers or French and Italian alcohol exporters.
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They need to stop pussy-footing around with Trump.
He says 30, they need to reciprocate with 60 percent, and will back down to 20 when he cancels the 30.
Make it permanently harmful to threaten this bullshit.
wrote last edited by [email protected]Unfortunately Europe can't very well afford to play hardball with him - not just because it's economically harmful to Europe, but also because Europe wants to keep at least some sort of foreign policy and military alliance, and cooperation in the midst of the war in Ukraine.
So EU already scrapped the plans of digital tax, giving Trump a win and gaining exactly nothing from this. There is still hope that Europe will pressure him at least a little bit - but not much hope, I'm afraid.
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It is indeed bad for US businesses and consumers, and therefore for US economy in general, but as US market is so big and important, it's also bad for countries doing business with US, including in Europe, like, for example, German carmakers or French and Italian alcohol exporters.
France and Italy could export to other countries easily or transform their cheap wine into properly aged wines and liqcours, with actual market value and product quality. Downsizing the industry wouldn't be a bad idea, also.
Germany is already dwindling in their car industry. Could serve as a call to innovation an review of business practices.
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Ah yes my favorite Country, the European Union.
From the economic point of view the EU acts very much like a single country. Even the EEA can be seen as single entity if looking from the perspective of an American trade negotiator.
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But I was told here Ratte debasing himself was a master play to get the orange moron off our backs.
What happened?? -
They need to stop pussy-footing around with Trump.
He says 30, they need to reciprocate with 60 percent, and will back down to 20 when he cancels the 30.
Make it permanently harmful to threaten this bullshit.
Suspend American IP in Europe (which is a counter-tariff measure that the EU has already approved regulations for).
Watch the TACO do his thing.
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It is indeed bad for US businesses and consumers, and therefore for US economy in general, but as US market is so big and important, it's also bad for countries doing business with US, including in Europe, like, for example, German carmakers or French and Italian alcohol exporters.
Though that's only true for the first few years. Once alternatives are established and trade with America is reduced it will be less and less until America will be not interesting anymore
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Though that's only true for the first few years. Once alternatives are established and trade with America is reduced it will be less and less until America will be not interesting anymore
One can only hope.
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One can only hope.
Unless Trump starts ww3 we will have a few more painful years of transition and then the new normal will be normal and the better deals will win, which won't be with America.
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Unless Trump starts ww3 we will have a few more painful years of transition and then the new normal will be normal and the better deals will win, which won't be with America.
We must not forget that it's not only about trade. There's also a military dimension, and if all US support to Ukraine ends abruptly and completely, then there's a very real chance that Putin will win soon. That creates an entirely new security situation, where Russia may well attack EU countries next (like the Baltics, for example).
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OK, what shares is he and his folks buying... We should do the same. His Black mail worked last time, should work again!
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Hey! That's in about two weeks!
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I'm not great on economics but the concept of a tariff is that the entity importing something has to pay an extra levy in order to place in a market a given product.
This follows that an american importer of any trade goods of european origin will have to pay an extra thirty cents for each dollar such goods cost.
That extra cost will then be passed along the commercial chain, down to the final client.
So, prices go up for general public.
Meanwhile, nothing is stopping the country of origin of such products to divert their business to other countries, thus maintaining their normal activities.
Am I wrong or this whole thing is disastrous for the USA?
You’re right in how it works, except when you say nothing is stopping a country to sell elsewhere, demand/supply/market conditions do. They are probably selling to other countries as much as they can anyway, and still sell to the US as well. So when they can’t sell to the US, it won’t be easy for those companies to find other customers to take this volume. If they existed, they would have been sold to anyway.
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You’re right in how it works, except when you say nothing is stopping a country to sell elsewhere, demand/supply/market conditions do. They are probably selling to other countries as much as they can anyway, and still sell to the US as well. So when they can’t sell to the US, it won’t be easy for those companies to find other customers to take this volume. If they existed, they would have been sold to anyway.
But maybe not at a price between 1 and 1.3 dollar.
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He is saying that if the EU wants to do a trade war the USA will deliver.
Deliver what, tariffs??
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At first I thought it might be a standing point for Orbán to point out that they want this (but the bad EU, yadda yadda), but after actually reading that garbage of a propaganda piece, I can only imagine that part is boiler-plate, and noone along the chain caught it or could be bothered with correcting it.
Trump is serving up the distmantling of most US soft powers. Like how is this not a game of chicken for us to bunch up on Ireland and tell them no more fucking around with appl and alphabet. I'd love nothing more than a third level bureaucrat tucked away in Strassbourg to calculate exactly how much societal and global harm these companies cause. We could shift that into dollars (somehow?), and make sure they pay that tax, or we start filtering their sites. I rarely believe restriction is the way to go, but nothing would really be lost here.
Yeah the whole trade deficit is bullshit, with GAFA it's the other way around.
But USA, why are we not buying your shitty cars or crappy food? One can wonder...
