Trump plans to impose 50% tariff on EU imports from next month
https://www.ft.com/content/db77bfd3-b67b-4931-bd5b-386552b350ce
Posted by Themetalin
Trump plans to impose 50% tariff on EU imports from next month
https://www.ft.com/content/db77bfd3-b67b-4931-bd5b-386552b350ce
Posted by Themetalin
15 comments
Donald Trump has said he plans to impose a 50 per cent tariff on imports from the EU on June 1, saying that talks with the bloc are “going nowhere”.
In a post on his Truth Social platform on Friday, the US president accused the EU of taking advantage of the US on trade and said: “Our discussions with them are going nowhere! Therefore I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”
Single handedly he has destroyed America’s reputation. 30 minutes ago he threats to increase tariffs on iPhone to 25 percent and now 50 perfect on Europe. Who is even suggesting him?
By doing threats game he is cutting USA economy from rest of the world.
Whatever. I really hope he does this so we can move our products somewhere else. Will some companies have to close down? Sure, but this is not acceptable so whatever. People have to understand that we can’t do business with them.
Was waiting for this after he called the EU “Nastier than China”
You’d think congress would take away his tariff authority if he’s gonna keep playing with the global economy like this but nope.
Another round of market manipulation incoming. At what point will the markets get that these tariffs are meaningless anyways and not even react to them anymore?
I don’t quite understand right-wingers and MAGA voters. Tariffs are not even hard to figure out. You just need to study it for a single day. Or just look at your 401k after he announces tarrifs. The numbers are either black or red.
Probably just creating another buying opportunity for his son.
Indirect help to russia
“Trump unsatisfied with EU’s trade demands, threatens a tariff he wont follow through with”. We’ve seen this story play out too often, an EU trade deal is on the way, whatever sticking point they have in negotiations is holding it back. But this doesn’t worry me.
Boy who cried wolf.
Americans actually elected this dumb prick.
Donald Trump is speedrunning the European federation process.
I won’t be surprised that the long-lasting legacy of Trump 2.0 administration is the emergence of the United States of Europe that competes with the United States of America and People’s Republic of China for the ultimate global hegemony leadership.
EU just passed new sanctions on Russia. So Trump needs to hurt EU economically, to force them to perhaps abandoned the sanctions.
This is a negotiation tactic ahead of the NATO top in NL. The EU is going to commit to the 5% norm, but the investmens required to reach that goal can only reach EU/EEA/EFTA countries.
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