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.
Parts, sure, but they also still have separate foreign policy apart from trade. As seen in the American War on Afghanistan for example.
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So basically they're paying us 30% more for our products? Sure, why not.
wrote last edited by [email protected]It functions like this:
US American importers pay the tariffs to the US American state.
The effect on EU entities is secondary in nature: The US American importers will either buy less from the EU entities and substitute the rest from other countries or they will try to buy the same more cheaply because they can't keep up their previous value chain when the tariffs are included. Thereby demand for products from the EU will fall, hurting EU based exporters and more indirectly everyone up the chain from there.
It will also hurt the US American importers and more indirectly everyone down the chain from there.
Trump ignores the latter effect, and thinks the money raised for the US American state is more significant than it is. He also lies about the first step, but I think he knows how it really is, sometimes he lets it slip that he actually knows how tariffs work.
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What do you mean? A monarch is generally addressed as ‘Majesty’ or ‘(Royal) Highness’ (depending on rank), the Pope is addressed as ‘Holiness’. ‘Excellency’ is generally used for civil titles; I don’t think it’s strange to use ‘Excellency’ for the President of the European Commission. What would you use otherwise, ‘Miss President’ or something? That seems really over the top to me.
wrote last edited by [email protected]Yep, genuinely only ever heard it when talking in a monarchic context, about kings/queens, Lords/Ladies and such, and in a Church context - as mentioned, when referring to the Pope, and Archbishops and such (remembered this latter part only now that I thought about it again).
Funny, "Excellency" is what feels over the top to me, but may be due to the contexts in which I've heard it used - circumstances which have much more pomp and pageantry associated with them.
Anyway, thank you! Learn something new every day!
(yep, still me, this is my second account, trouble getting into the other one, for some reason)
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It's mostly used in an international political context. In the UN, it's what everyone uses, so why not?
Generally, ambassadors and leaders of UN missions get the form of address too, so I guess it makes sense, even if it's a bit archaic.
wrote last edited by [email protected]Really haven't heard it used in these contexts before! Thank you!
On the plus side, it'll be a while before my brain rewires the context associated with the word, so now I'll amuse myself imagining every political figure addressed as such wearing Pope hats and stuff.
(yep, still me, this is my second account, trouble getting into the other one, for some reason)
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Calling Ursula her "excellency" sounds so weird to me, but apparently that's correct for foreign officials?? Would never have expected that.
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You will never be disappointed with The United States of America.
Is the whole thing satire?
He is saying that if the EU wants to do a trade war the USA will deliver.
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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.
The news talk about Kallas, not foreign ministers. Things have changed since Afghanistan.
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He is saying that if the EU wants to do a trade war the USA will deliver.
So.... "I'm totally not going to chicken out"?
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In ideal world EU should agree on a handful of red state exports on which we'd apply say 10%, let the US exporters explain their president why that's wrong and only then enter the negotiations with the US and whatever then the outcome is GET IT IN THE WRITING with his signature.
Yes, he would then try to blame the "evil EU", but having a written and signed agreement is the only way to prevent this monthly "it's on - and now it's off" charade.
Now unfortunately even if anybody had the balls to actually propose it there is too many actors who would shoot any such proposal down. Be it because of fear for their exports or just to be contrarian.
I was thinking the same. Maybe Cali and NYC to begin with.
Is it possible?
Oh and then increase tax on US big tech.
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Calling Ursula her "excellency" sounds so weird to me, but apparently that's correct for foreign officials?? Would never have expected that.
I would have thought it would be "her stopsignness" or "her smsremoveress".
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Does he sign in fucking sharpie
wrote last edited by [email protected]In his first presidency, he started contracting pens specifically for this. It's a big signature that is very visible when he holds up his signed letter to the cameras after signing. It's a deliberate performance, with an absurd signature for that gesture and good pictures.
Just look at this absurdity
Every. Time.
/edit: New England Firm Makes President Trump’s Pens (YouTube) 1:20, 8 years ago
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It's so much back and forth all the time, that I don't even know anymore what the current tariff rate is. 10%? None? Probably not even worth remembering though, because it changes all the time randomly anyway
It's a negotiation tactic. It doesn't even matter what it "is right now", because it's not in effect, and not established.
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I'd have thrown that in the bin as spam if I didn't know better
Even when you know better, throwing it away may be the best decision.
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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.
Formal addressment.
It is an archaic way to address "officials" in public office, which ends up sounding as a preservation of royal/nobility occupation of positions, regardless living in a democratic regime.
It is argued as being a way to show respect and maintain dignity of institutions.
If want to write a letter to my municipal office, there is a template to be followed which starts with "To his/her Excelency, The President of the Municipality, Mr./Mrs. Dr. XXXXXXX". This is loosely translated, obvioulsy.
Democracy yet not equality nor accountability.
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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.
