Summary
The EU and its leaders warned of swift retaliation if Donald Trump enacts new 25% tariffs on steel and aluminum imports, as he announced over the weekend.
The European Commission criticized the move as “unjustified” and vowed to protect EU businesses.
German Chancellor Olaf Scholz and French President Emmanuel Macron pledged countermeasures, with Macron warning tariffs would also hurt the U.S.
The UK government said it was monitoring developments, while UK Steel called the potential tariffs “devastating.” The EU previously responded to Trump-era tariffs with retaliatory measures.
Tbh if this finally gets the European governments to stop being the US’ female dogs I will dedicate a shrine to Trump.
You can say and read the word bitch if you use a dbzer0 account. Just saying.
Wait… Are curses censored for you guys?
At least for lemmy.ml they are.
Cant wait for a worldwide boycott of anything coming from USA. You are destroying something that will not be repaired and all of you cowards are letting it happens. You are like russians, only you could stop this shit but you’re just chilling online or whatever
Last Trump admin the US tariffed China, China retaliated by tariffs on US ag goods. Eventually Trump caved (or genius negotiation depending on your political colour) and China lifted the tariffs. Ask American farmers if they got those contracts back once China developed relationships with Brazilian farmers instead. Look at how many small farms folded since then and have been bought by commercial interests. Think that’s a coincidence? Only megacorporations can afford to wait out the consequences of these actions.
The consequences of this idiocy will last a long time.
Tariffs are from what I’ve read, according to economists anyway, a lose-lose for both parties. They’re apparently useful only for obvious things like targeted protection of specific vulnerable domestic industries. I cant begin to understand what Trump is even trying to accomplish here. Blanket tariffs seem just self-destructive.
There are 2 things they are trying to do here IMO:
- They are using tariffs to bully weaker countries into worse deals and to interfere in our politics. Here in Colombia the media (all right wing lapdogs) keep talking how president Petro needs to bend the knee and just acept whatever Trump wants to do because it would be so bad for Colombia if we get extra tariffs. And they keep spewing propaganda making it sound like Petro is the one being crazy to kill any remaining support he has (not that he needs any help jajajaja, he has been a really mediocre president on his own and the extreme right is going to get an easy win next election anyway). They are not wrong of course, a trade war between Colombia and USA would hurt Colombia so much more than the USA just because of the relative size of our economies. And Trump and the rest of the republican assholes are using this to bully us and the rest of latin american countries.
- They want to reshape the tax collection in USA to remove taxes from rich people and collect more from poor people. At the end of the day, blanket tariffs on all products is just another regressive sales tax that will fall mostly on poor people. They want to reduce wealth taxes and income taxes which are collected mostly on rich people and instead replace them with regressive taxes like tariffs instead. I mean, his recemt tax changes shifted a huge amount of the tax burden away from the rich and to the poor and middle classes. If you want to put a conspiracy hat, they also think this will create a population boom in the USA. Research shows that people under worse economic conditions have more children, so they want to make life harder to poor people to get more and cheaper workers. At the very least the Musk rat has spoken openly about this, so it’s not crazy to think this is part of their stupid plan.
Long term, the USA is royally fucked because of this. They are killing any good will the USA has with the rest of the world and they are screwing the poor people that actully generate the wealth of their country. But short term rich people will make bank with all this and the rest of us will pay for it.
He’s doing the equivalent of robbing a bank while wearing a suicide bomb vest. The only difference is that he’s threatening the world economy instead.
The fact that he hasn’t thought through the consequence chain afterwards is just him being stupid. Akin to a robber trying to pay the stolen money into his bank account, at the branch he robbed a few days before.
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sigh all I’m hearing is prices for every fucking thing are going to skyrocket… globally…
Nah, for the rest of the World it will only be for things Made In America.
Time for rest of the World to trade between themselves, ignoring US.
That’s correct. This is what they want. Drive stocks down, do a bunch of buybacks, scrap the tariffs, watch line go back up, profit.
Hopefully, the rest of the world will just go “Who are you? We already have that we need from these countries, so thanks, but no thanks” and the US will finally see that they fucked up royally.
Nah, it’s all about the money. It’s literally just trolling with people lives to make money off of their inevitable fear
The only way to win, is if people who have invested money aren’t afraid of losing it. Which of course almost nobody, because when gambling the house almost always wins. Which is to say an increasingly small minority get to win the lottery of a financially free life.
I suppose we will just have to liquidate their entire class… Oh well.
Time to huddle down and stop buying shit. Maintain and repair old vehicles, download your media, go through your backlog of videogames, etc.
All lovely ideas, but if I own a small business, do I just close the doors when my source materials and energy start costing more than my finished product?
You raise prices, and sell less. And let all customers know its the new Trump Tax they are paying.
Increase the price of the product, prepare for less clients and weather the storm. We’re all eating a free market-sourced shit sandwich out here.
Just learned how to patch my clothes. Thinking about learning how to work leather next
Oh yes. Time for the pain his voters have been itching for.
Americans voted for a Daddy and got a fraudulent, incontinent trash slut of a switch
Please be the domineering, consistent, assertive Daddy these children want and need. They’re hungry, thirsty, eager to please 🥺
Save us EU you’re our only hope
The only possible liberation is self liberation.
We need to cast off our chains, ourselves.
For some, the only way they’ll ever learn is going nose first into a brick wall.
I only hope that trump crashes the US very quickly, but with the help of enough billionaires so that when the people rise up, they all get taken down and it becomes a better place.
There’s no other way now that the institutions have fallen.
Nobody is coming to save you.
I feel like Trump voters knew exactly who and what they were voting for. Everyone told them, including Trump. Project 2025 was available for everyone to read but Trump even said, “To me the most beautiful word in the dictionary is 'tariff’.” There were no secrets this election.
They are more uninformed then you can possibly imagine
…this comment makes me uncomfortable…like switches are some kind of an unsult! Switches are great! More variety!
Switches make the world go round! (Part of) the problem is the foolish masses and the charlatan
Nah, pull yourselves up by your bootstraps.
All we’ve got is tampon strings and broken lawnmowers
The combination of the headline and the thumbnail suggested something far more hardcore was about to happen.
