Trump calls for 50% tariff on EU, says he's 'not looking for a deal' with bloc
www.cnbc.com
President Donald Trump believes European Union proposals have not matched those from other trading partners, U.S. Treasury Secretary Scott Bessent said.

  • President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.

  • The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”

The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!

  • Bustedknuckles@lemmy.worldEnglish
    21·
    14 days ago

    Because, as we’re experiencing, tariffs are a regressive tax on your own populace and hurt the most vulnerable. Also, they don’t have to. We’re pissing off enough regular people that they’re voluntarily buying made-anywhere-but-USA. Lastly, why provoke an idiot with a huge military?

    They can and will dismantle American power just by not buying our debt and then supporting a chamge in the world’s reserve currency. Trump is screwing us for generations

      • Bustedknuckles@lemmy.worldEnglish
        6·
        14 days ago

        I do? I’m saying that there’s no reason for the world to band together and implement tariffs on us. Low volume would be another reason not to, but we do export a non-negligible amount worldwide. Most to NA, but over 300B to EU last year

        • givesomefucks@lemmy.worldEnglish
          3·
          14 days ago

          Of goods made in other countries that go thru American corporations only as a middle man…

          Tarrif America, companies from those other countries take over being the middle man.

          The middle man can be replaced at a moments notice. It wouldn’t be damaging to any country’s economy, it would be a huge economic boost for them.

          That’s what trump, and you, do t understand.

          America needs the 3rd world to make stuff that we sell to other first world countries.

          But no other economy on the planet needs America.