Oh, lovely! ANOTHER Trade War. With Europe. Fucking Insanity

[ChloeTzang]

Words fail me. The man's an economic moron.

I always thought it'd be a Democrat that started WW3, but now it looks more and more like it''' be Trump. Spwing chaos and divesting the USA of every ally it ever had. China really has to be laughing all the way to the bank.

 

[CambridgeBi]

The EU is a protectionist bloc with high tariff and non-tariff barriers at its perimeter so don't feel too sorry for them.

 

[nowisthetime]

We just wanted him to ride on Biden's booming economy, shut up, and do like most old men and play golf. That's what he should have done.

Rethugs are terrible for the economy.

 

[1984X2024]

1984 thinking says trade war, 2025 thinking says equity.

 

[MajorRewrite]

The EU is a protectionist bloc with high tariff and non-tariff barriers at its perimeter so don't feel too sorry for them.

The average EU tariff on the US is 3.4%.

The average US tariff on the EU was 3.9% before Trump raised it to 20% (and dropped to 10% temporarily).

Who is actually protectionist?

“Thank you for your attention to this matter.”

 

[MajorRewrite]

$370 billion of US exports to the EU now face EU retaliation.

Trump is a stable genius.

“Thank you for your attention to this matter.”

 

[1984X2024]

The average EU tariff on the US is 3.4%.

The average US tariff on the EU was 3.9% before Trump raised it to 20% (and dropped to 10% temporarily).

Who is actually protectionist?

“Thank you for your attention to this matter.”

1984 thinking

More realistic 2025 thinking adds VAT adds coercion via suits against US companies and other actions outlined in the Truth post.

 

[Lance_Castro]

Investment money is leaving the USA for Europe.

The Euro is getting close to parity with the USD.

Hear that giant sucking sound?

Thats the sound of money leaving the USA.

 

[stxjimmy]

1984 thinking says trade war, 2025 thinking says equity.

You ought to give thinking a try.

 

[MajorRewrite]

More realistic 2025 thinking adds VAT adds coercion via suits against US companies and other actions outlined in the Truth post.

A VAT is a tax on all sales. It treats domestic goods and imports exactly the same. It’s amusing that neither you nor Trump understand that simple concept.

Trump’s trade policies are based on the McKinley presidency. You ought to change your username to 1897x2024.

 

[eric_erosfan]

Words fail me. The man's an economic moron.

I always thought it'd be a Democrat that started WW3, but now it looks more and more like it''' be Trump. Spwing chaos and divesting the USA of every ally it ever had. China really has to be laughing all the way to the bank.


View attachment 2542570

Somebody very close to him has got to be a hero who goes down in history for saving the republic.

 

[73Seahawks]

Let's be honest: The entire world is secretly waiting for Trump to eventually DIE.

 

[ll74]

Let's be honest: The entire world is secretly waiting for Trump to eventually DIE.

I think an Elvis toilet style would work

 

[1984X2024]

Investment money is leaving the USA for Europe.

The Euro is getting close to parity with the USD.

Hear that giant sucking sound?

Thats the sound of money leaving the USA.

In 1984 the Japanese were supposed to dominate us, it didn't happen

In 2025 Europe is supposed to dominate us

It won't happen, investment pours into the US

 

[ll74]

In 1984 the Japanese were supposed to dominate us, it didn't happen

In 2025 Europe is supposed to dominate us

It won't happen, investment pours into the US

Unless you institute random taxes on them and kick out any foreign students from being here.

 

[Lance_Castro]

In 1984 the Japanese were supposed to dominate us, it didn't happen

In 2025 Europe is supposed to dominate us

It won't happen, investment pours into the US

https://www.wsj.com/finance/will-th...e-america-please-turn-out-the-lights-cdf727b4

 

[eric_erosfan]

In 1984 the Japanese were supposed to dominate us, it didn't happen

In 2025 Europe is supposed to dominate us

It won't happen, investment pours into the US

In 1984 we didn't have a fucking dumbass in the White House.

 

[CambridgeBi]

The average EU tariff on the US is 3.4%.

4.8% according to the WTO which is fairly consistent with the EU's overall average of 5%. That's compared to the USA's average of 3.3%

It's more stark with certain sectors though, an American car imported into the EU will have a 10% tariff applied vs 2.5% for a car going in the opposite direction.

On top of that you have the EU's use of non-tariff barriers, for example the ban on chlorine washed chicken even though the European Food Safety Authority has stated the washing process is "of no safety concern". You'd have thought in the wake of a global pandemic the EU might have seen the benefit of a pathogen reduction treatment but no.
Or perhaps the real problem is the USA can produce chicken 20% cheaper

 

[MajorRewrite]

4.8% according to the WTO which is fairly consistent with the EU's overall average of 5%. That's compared to the USA's average of 3.3%

The tariff on the EU is 20% (temporarily 10%). Trump’s tariffs are the definition of protectionist, which you tried to call the EU in your comment.

It's more stark with certain sectors though, an American car imported into the EU will have a 10% tariff applied vs 2.5% for a car going in the opposite direction.

No, it’s not that simple …

For example, the EU applies a 10% tariff on US car imports, while the US charges just 2.5%.

Brussels says, however, that this fails to consider the fact that the US imposes a 25% tariff on EU-made pickup trucks, which are a favourite among US consumers and account for "about one third of all vehicle sales".

 

[MajorRewrite]

In 1984 the Japanese were supposed to dominate us, it didn't happen

In 2025 Europe is supposed to dominate us

It won't happen, investment pours into the US

Trump is the one bitching and moaning about the trade deficit with Europe. Nobody else is pretending “Europe is supposed to dominate us.”

 

[Lazaran]

Words fail me. The man's an economic moron.

I always thought it'd be a Democrat that started WW3, but now it looks more and more like it''' be Trump. Spwing chaos and divesting the USA of every ally it ever had. China really has to be laughing all the way to the bank.


View attachment 2542570

And yet, the markets are barely reacting right now…(they should be totally tanking, considering how they reacted when DonOld lifted the yuuuuuge tariff threat).





When will people realize that the rich and corporations are propping up the market until they get their deregulations & big beautiful tax cuts from their bought and paid for "president", their bought and paid for republican congress, and their bought and paid for SCOTUS.



America’s future is looking to be a deregulated, polluted, dystopian oligarchical white Christo-fascist police state, like back when America was "great".



DonOld and the MAGAt republicans look to be using modern day Russia as a template.



We. Told. Them. So.

 

[ChloeTzang]

Someone has a take on this one....

 

[HisArpy]

4.8% according to the WTO which is fairly consistent with the EU's overall average of 5%. That's compared to the USA's average of 3.3%

It's more stark with certain sectors though, an American car imported into the EU will have a 10% tariff applied vs 2.5% for a car going in the opposite direction.

On top of that you have the EU's use of non-tariff barriers, for example the ban on chlorine washed chicken even though the European Food Safety Authority has stated the washing process is "of no safety concern". You'd have thought in the wake of a global pandemic the EU might have seen the benefit of a pathogen reduction treatment but no.
Or perhaps the real problem is the USA can produce chicken 20% cheaper

It's not only that the "foreign product" is cheaper (Chinese products, and others, are the same way here) but that everything US right now is politically anathema.

What the UK is trying to do is protect their home producers. Which is where tariffs come into play. The problem is that the UK tariffs aren't enough so they've created this false political narrative that US products aren't "safe."

It's bullshit but when people are in protection mode, they're willing to accept bullshit as truth over facts.

 

[Pad_Foot]

The EU is a protectionist bloc with high tariff and non-tariff barriers at its perimeter so don't feel too sorry for them.

OH......
What is the AVERAGE TARIFF on the US???
How many should we be paying because of OUR TRADE IMBALANCE.

Republicans used to be about FREE TRADE... well? Maybe put in a puppet dictator to help our companies and then free trade for our companies.

WHO is Trump helping exactly? Which Oligarch is going to make out?
We know he's been pressuring African companies to get them to take StarLink for some good friend of his.


If Either of these is true? Where does the 50% Tariff get calculated? Or the 10% even??
They don't want our CARS!!!! Seriously!! Our cars guzzle gas. Their gas isn't cheap!!

The European Commission says it charges an average tariff of just 1% on US products entering the EU market, "considering the actual trade in goods". It adds that the US administration collected approximately €7 billion of tariffs on EU products in 2023 compared to the EU's €3 billion on US goods.

A World Trade Organization (WTO) estimate puts the average tariff rate on US products entering the EU slightly higher at 4.8%. OHHHHh.... wait. Are we still members of the WTO?? We got out of the WHO? We aren't we out of all International Organizations?

In both cases, this is far off the 39% figure quoted by the Trump administration.
How long before we get booted from the G7 ???

 

[stxjimmy]

It's not only that the "foreign product" is cheaper (Chinese products, and others, are the same way here) but that everything US right now is politically anathema.

What the UK is trying to do is protect their home producers. Which is where tariffs come into play. The problem is that the UK tariffs aren't enough so they've created this false political narrative that US products aren't "safe."

It's bullshit but when people are in protection mode, they're willing to accept bullshit as truth over facts.

More untenable mental gymnastics