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The EU has an official mechanism to combat economic pressure like this that includes suspension of all intellectual property from the country imposing the tarrifs.
yeah american tourists are going to have a hard time in the next 50 years.
Studies show the majority of Americans don't have a passport let alone have left their own state. 3rd world country.
Yes, because the initial tarriff talks went over so well...
It did for Mexico and Canada.
They agreed to nothing new, and the terrifs vanished.
It must be like trying to negotiate with a toddler.
Capitalism-lover hates competition. Interesting.
Capitalism strives to make money. Competition means profit margins shrink. So yes capitalists are against competition.
That is one of the many reasons listening to companies is not good economic planning for countries.
Based on an overwhelming amount of economic studies of tariffs in the last 100 years, the EU should ignore it. Why enact tariffs on American goods and make life more expensive for Europeans? Studies show EU businesses will raise prices accordingly. The citizens will be worse off.
However, based on our knowledge of how politicians act, they'll take the bait and retaliate, thus making things more expensive for EU citizens.
This is what I've been thinking about for Canada's reaction - do nothing! I can't say how it will affect us now and in the immediate future but it seems the damage is already done anyway. BTW. this is my 1st post on Lemmy - thank you!
We didn't do nothing. We announced massive retaliatory tariffs. The do nothing impression came from the fact that they asked for concessions we already offered.
Also, the US is still hitting us with tariffs. Starting March 4, 25% on everything then in April an additional 25% on steel and aluminum.
Maybe not "do nothing" but I like the remove certain products from shelves. Like stop the sale of American alcohol from shelves.
I remember John Kerry's election in 2004 was thwarted due in part to the perception that he was flip-flopping around a lot of issues. Trump is constantly making an absolute fool of himself by constantly backing away from shit he said he was going to do.
He has never flip-flopped on his electorate more important issues, like blaming immigrants for every problem on their lives.
Wtf kinda drug are the elite in the US on?
Cocaine, I remember hearing about Elon Musk's supplier a while back. Most of the Republican Party is cranked, too, according to a historically young GOP congressman Madison Cawthorn.
Ketamine, or so I heard.
Russian psy-ops boosted by algos from coked up tech bros.
Money and power the name of that drog
Capitalism.
Side effects include electing a complete moron and his piss baby groupies to the presidency
Fucking do it then, cunt!
I'm in the EU and I very much I hope he does, beause the response will be spectacular: apparently there is an Act from 2023 that the EU can respond to this by suspending intellectual property rights of US companies, plus from last time Trump was President the EU learned to target counter-Tariffs for maximum political effect (basically hitting Republican states hardest) and that will also work fine in targetting US companies politically affiliated with Trump (bye, bye, Tesla!).
Also it will definitelly finish off any lingering delusions of European politicians that the US is an "ally".
I mean, we have retaliatory tariffs ready to go too, and I'm not sure they'd be any less damaging.
If we went nuclear shutting off power to New York and water to Seattle and Boise is a thing we could do.
The EU was setup to help protect Europe and enable them to have better control over overly enthusiastic capitalist companies such as those found in the US.
But what do we expect from a low intelligence puppet of Russia?
Putin's puppet
DO IT! COMON! DO IT! Make every european leader more alligned with the EU and push us more and more together and more indipendent again!
DO IT! SCARDY CAT
Trump is kinda right. Charles De Gaulle wanted a united Europe to prevent Anglo-American influence. Aside from his Anglophobia, he vetoed UK joining then EEC because he thought UK is a Trojan horse for American influence into Europe. He also thought that the British are reluctant Europeans anyhow, so why let them in?
Fast forward 60 years later, and De Gaulle was found right. US companies tried to lobby the EU through UK. The Brits voted for Brexit, and the US finally became an unreliable ally.
For so much of the French being chauvinistic in a cringey way, they are right not to commit to Anglo influence or Atlanticism, presciently. The French still likes to assert their own global influence but in multilateral way with other countries. Macron and De Gaulle are correct for looking for strategic autonomy.
Edit: I also want to add, that the Brussels effect forces other countries to adopt higher standards and regulations if they want to trade with the EU. Obviously, many right wing Americans such as Trump don't like this.
Brussels effects haters be like: "I really fucking hate USB type-C cables being on every device where it makes sense! I want to bo back to expensive and crappy proprietary cables only the original manufacturer is allowed to make!"
Inb4 EU and Canada signs a great trade deal just to screw over Trump.
Time for Ukraine to join the EU quickly. Tariff his precious minerals.
Orange fuckwit.
Classic aim high and make the second offer seem like a win tactic?
The EU was formed to screw the US... THE EU WAS FORMED TO SCREW THE US?! Bruh dude is possibly channeling Hitler and Stalin simultaneously. That's the only thing that makes sense. Or he's terminally dumb. One of the two.
Would love to be in the guy's head for just 5 minutes, to see if he's high or crazy or what.
Ofc the EU was created to screw the USA. Good for them. Nobody wants to be subservient to the paper petrol-dollars of a genocidal empire that's literally destroying the planet for a few ultra privileged man babies.
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.
Country that has been screwing every other country for 80 plus years accuses other countries of screwing it.
"This again? See you next month, Don."
He's like clockwork, but he's more of a fake Rolex.
