- cross-posted to:
- finance@thelemmy.club
- cross-posted to:
- finance@thelemmy.club
Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.
Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”
In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”
Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.
“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.
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Just remember that some important projects are tittering on bankruptcy and success and are depending on collaboration with EU. If the tariffs affect the final cost, then the projects will fail. Simple as that. And you won’t get your IPod nano for Christmas.
All of these tariff wars are so depressing to all of us just trying to get cool stuff made.
Trump doesnt understand that a deal should benefit both partners, not just him.
“The EU is so difficult”… Lols.
OK Trump, but while you are trying to figure out what the most scary import tax is, and destroying American business globally, we are working on getting rid of American services and weapons. And China is now a less unpopular trading partner than USA in EU!!
We shall see who wins in the long run…
He’s gonna be dead soon enough one way or another. He doesn’t give a fuck about the future. He’s just trying to profit as much as he can right now.
China is winning without doing anything
They worked out that “The Art of the Deal” means “agree to my deal right now, or I will shit the bed”.
If you just don’t get in the bed you’re fine.
I agree, China is probably the biggest winner in this.
Makes sense, considering Taoism comes from China. The philosophy is “wu wei”, which essentially means, “Action without Action.”
I think here we call it. “Don’t interrupt your enemy when he is busy destroying himself.”
Pretty sure that’s a French thing (Napoleon), but maybe you’re French and that’s what you mean by “here.”
Sun Tzu also said something similar before Napoleon (Art of War, Ch 4-2):
To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.
Here is “the west”.
Maybe Napoleon said it first IDK. I’m from Denmark, but I heard it from Americans.
Trying to fight the EU in a trade war is truly mud wrestling a pig.
Did you know that before Trump started this, the average tariff in EU on American goods was about 1%?
So the question is why the fuck Trump really did this? Except we already know, the plan was to use tariffs as the main taxation income for government, and give extreme tax cuts to the rich.
Trump is trying to be clever, to benefit himself and those that bribe him. But he is really stupid, and after he is finished everybody will be worse off.
I thought everyone was dying to make a deal with you Orange?
“I’ve made 200 deals.”
Then people pointed out that’s more deals than there are countries, then he started whining about how no one would make a deal with him. And now I think he made one deal with the UK, which he’ll probably go back on next week.
UK just made a deal with EU including foods. This will make a chlorinated American chicken deal impossible. So I bet Trump could be pretty pissed about that if anybody tells him.
He’d be pissed off constantly if he could read
EU not bowing to the US king?
oh noes
who could’ve guessed
Further distancing us from that bin-fire? Oh no. How awful.
Didn’t Klingbeil say something like the talks where promising just earlier today?
Please go ahead, it should make more people aware of the boycott movement.
what I was expecting as well. he was waiting for the stock market to recover for his friends to sell, now that it’s almost back to Biden levels he can crash it again
Maybe the EU learned from his own actions that you just have to push back until he caves under internal pressure
get bent fat orange fuckface
Buy Stoxx 600 then
Give a man a tariff hammer and all he sees is tariff nails
If you have any money left in the markets for any reason get it out now
