New tariff hike could cost Germany $18BN • FRANCE 24 English

In addition to withdrawing troops from Germany, Donald Trump is escalating his trade dispute with the European Union. He says tariffs on cars and trucks will rise to 25 percent next week because the bloc is not complying. That is 10 percentage points higher than the rate agreed in a trade deal last July. The automotive sector is especially important to the EU, as car manufacturing makes up a significant part of Europe’s economy. Charlotte Lam reports.
#Germany #tariff #US

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9 comments

  1. The fact is, the Europeans haven't implemented the agreement, Trump should put 50% tarrifs, i think Trumps being nice.

  4. Hey Germany… do these tariff feels like a strategy? Good. Now imagine something 100% worse, and that’s what we’re doing to Iran. Just because you don’t understand the effectiveness of a blockade, does not mean the US doesn’t have a plan. Trump,PLEASE GET US OUT OF NATO AND AWAY FROM THESE DEAD BEAT AND FREE LOADING EUROPEANS!

  6. Illegal tariffs from an illegal president. The US Constitution makes it perfectly clear that only congress has the authority to levy taxes.

    The US holds 1/3 of the world's wealth. Other countries aren't screwing the US. The American oligarchy is screwing the American working class. Tax cuts for the wealthy have transferred all of our nation's wealth from consumers to hoarders.

  8. Good.
    Now Cancel the Trade Deal, get the Trade Bazooka out and Tarriff the Crab out of the US.
    For Imports.
    500% Tarriff on all US Goods that can be eadily Replaced from other Countries.
    10% on all US Goods we cannot Replace.
    With the Proceeds from both going into Subsidizing these Industries for Goods we cant get elsewhere to move to the EU.
    For Exports.
    100% on all EU Exports the US has no other Options for.
    And 200% for the Critical Parts.
    For Services of US Companies in Europe.
    A 80% Tax on all Tech and Service Profits from US Companies which are moved out of the EU instead of being Reinvested here.

    The EU needs to Grow Balls and Accept a Shortterm Pain to avoid Longterm Destruction.

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