Summary
Donald Trump has announced plans to impose 25% tariffs on the European Union, claiming the bloc was “formed to screw the United States.”
While details are pending, he suggested the levies would target cars and other imports. The EU, a major U.S. trading partner, has vowed immediate retaliation, with potential tariffs impacting $29.3 billion in exports.
French President Emmanuel Macron had attempted to dissuade Trump, urging focus on China instead.
Critics, including economists and conservative media, warn the tariffs could harm the U.S. economy.
He’s not completely wrong. One of the benefits EU provides is better bargaining power for its members against countries like the US.
Sanctions or tariffs on any individual EU country would likely lead to collective response.
He is completely wrong. The EU was formed after WW2 to prevent another war on the continent and to increase economic cooperation. The fact that makes us a much stronger block for negotiating trade deals was a side benefit, not its purpose. And it only works to screw over countries that are trying to screw us first.
2 sides to that coin. You also only need presence/trade deal once and you’ve access to a very large market as a whole all at once. In the end, everyone loses with throttled trade for no other reason than “I don’t like them!!” Transatlantic trade has been very beneficial for both sides of the pond for many many decades…
Almost like a certain military alliance this asshole wants out of. Hmmm…
Maybe replace them with Ukraine. I here they have great drone technology.