Trump announces tariffs of 30% on the European Union, starting August 1.
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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.
Practical example.
I know this winery that usually exports nearly 95% of their production to the US. The owner spent a few decades there and made some contacts.
Last year, they had some problem with the american market and were forced to search for other venues.
They dropped their prices, opted to sell to our national market and did pretty much the same revenue they would have done exporting.
Exporting to the US is often the thirst for easy profit. Products that sell here for cents can be sold at a premium in the US, as it is the de facto luxury hungry market. Doesn't really matter if it good; if is it expensive, it means it's good.
Portugal mostly exports food goods to the US. I think cork, some clothing and shoes and some other items make up the basket, but in way lower quantities.
I've seen cheese and wine that are considered run of the mill here sold for ten times more in the US market. Which I consider theft.
This entire situation gets uglier the deeper we dig.
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Parts, sure, but they also still have separate foreign policy apart from trade. As seen in the American War on Afghanistan for example.
Afghanistan was pre-Lisbon Treaty. EU countries would have a hard time nowadays going "I'm joining this war no matter what you guys do". It could still happen, but there would be a lot more discussion between the institutions.
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Wasn't there something about the Epstein files we were all thinking about just before Trump spouted this new distraction?
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What a load of cringe.
And that second to last sentence is just the cherry on top of the pile of shit. Everybody is already severely disappointed.
By the way: Does anyoen know if it's even appropriate to call Von der Leyen "Her Excellency"? It sounds pretty weird to me.
Take a look at the beginning of the constitution of the EU, that looks wild
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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!
I am amazed thtavit keeps working every time. At some point, the market will stop reacting to the taco blackmails
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Did a Sovcit write this?
I don't think so, but the delusions of grandeur sure sound familiar between the two. Talking out of their ass, like they know anything about what they speak of, is a tell-all trait of sovcits and tRump!
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honestly, if you handed him a fountain pen, i don't think he'd figure out how to use it.
Cut to a video of tRump furiously trying to turn the ink of a 0.7mm ballpoint pen to the same thickness of his arrhythmic heartbeat signature like a kid trying to fill in their fake bubble-art graffiti during class. Tongue sticking out and everything!
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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...
I just don't really understand the bigger picture. Like why are Trump's handlers letting him get away with this? Which group would benefit the most, if the US's general purchasing power went down? I'm thinking more Waltons than Putins, but it just doesn't make sense.
While I do see there is a healthy limit to conspiracy theories (looking at the chief of Health), I cannot imagine people wielding actual power wouldn't stop this lunacy if it weren't in their interest for some reason.
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I just don't really understand the bigger picture. Like why are Trump's handlers letting him get away with this? Which group would benefit the most, if the US's general purchasing power went down? I'm thinking more Waltons than Putins, but it just doesn't make sense.
While I do see there is a healthy limit to conspiracy theories (looking at the chief of Health), I cannot imagine people wielding actual power wouldn't stop this lunacy if it weren't in their interest for some reason.
Trump is a media genious (let's give to Caesar what's Caesars) he's 80IQ in maths, economics and F- in history. Surrounded with yes men, this is what you get.
History is littered with rulers in similar situations, and surprise, it goes exactly the same way. So here the EU will use soft power or whatnot and just blast that Donald out of the waters. Might take a while worst case, but that's my prediction!
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Trump is a media genious (let's give to Caesar what's Caesars) he's 80IQ in maths, economics and F- in history. Surrounded with yes men, this is what you get.
History is littered with rulers in similar situations, and surprise, it goes exactly the same way. So here the EU will use soft power or whatnot and just blast that Donald out of the waters. Might take a while worst case, but that's my prediction!
Naw, I'm not giving Trump a cent more than he deserves. He is as good of a troll as anyone before 4chan could get, but he has nothing else going for him.
I am more concerned about the background service. Like who were the ones that composed the newest sandwich bill? I feel if we get caught up in just the emotional part (he is trolling the whole world, after all), we won't see the actual harm being caused behind the scenes.
It feels that even this proposal is only there to distract from the actual harm being caused.
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Wasn't there something about the Epstein files we were all thinking about just before Trump spouted this new distraction?
Trust me, we're all still thinking about it. This is a failed attempt to deflect
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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.
A stable alliance with the Trump administration isn't possible, as has been made abundantly clear. There's no reason to give concessions to preserve one.
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I am amazed thtavit keeps working every time. At some point, the market will stop reacting to the taco blackmails
Because our politicians are corporation whores too. Or a corporation pimp going politician.
Marie Antoinette Merz is a great example... I quote: If people do not have enough money when retired, they should buy shares...
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I'll believe it when I see it lol. Trump tariff threats just sound like whining at this point because he doesn't have the balls to actually follow through.
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Naw, I'm not giving Trump a cent more than he deserves. He is as good of a troll as anyone before 4chan could get, but he has nothing else going for him.
I am more concerned about the background service. Like who were the ones that composed the newest sandwich bill? I feel if we get caught up in just the emotional part (he is trolling the whole world, after all), we won't see the actual harm being caused behind the scenes.
It feels that even this proposal is only there to distract from the actual harm being caused.
It's almost like the qanons, maga crazies etc are correct when they think there is a "cabal" or shadow government, it's just that it isn't the democrats doing it.
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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.
It is delusional to say any country is truly independent. (don't know why you focus on the EU)
They all live is the world and trade with each other because no country makes all the resources they need themselves.
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It is delusional to say any country is truly independent. (don't know why you focus on the EU)
They all live is the world and trade with each other because no country makes all the resources they need themselves.
That's not even remotely the same. You are talking about economic interdependence.
I am talking about the political act of self-surrendering powers to the union that all EU member states have done.
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It's almost like the qanons, maga crazies etc are correct when they think there is a "cabal" or shadow government, it's just that it isn't the democrats doing it.
Naw, they aren't totally wrong. I mean take any kinda superpac, and see the influence. The problem is, they voted for a swindler, who is only there to further his own goals, not dismantle anything (well, besides soft power).
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Now i'm scarred ..... No, wait! I'm not!
Raise them 40% tariffs just for sending this letter. Not in August, not in September but now. Today.
It's the only thing the bully understands. -
I can't decide what's the
bestworstbestmost stand-out part, I keep coming back and rereading.You will never be disappointed with The United States of America.
Are you selling us a car?
Therefore, we invite you to participate in the extraordinary Economy of the United States, the Number One Market in the World, by far.
We'd absolutely LOVE to but unfortunately we have to wash our hair. So sorry. Next time, for sure. Love you, kisses!
Therefore, we invite you to participate in the extraordinary Economy of the United States, the Number One Market in the World, by far.
any updates on the price of eggs?
