So Europe managed to fob off Trump with endless talks and vague promises, while not actually doing anything.
Trump unilaterally imposed heavy tariffs on US taxpayers and importers, and now has had all of that cancelled without Europe having to do a single thing.
We now get to sit back and watch the carnage in the US as everyone involved sues each other to get their tariffs back, while trust in the US as a viable economic environment for investment continues to shrink.
Excellent news for European manufacturing and investment.
Tea_Wizard735 on
The ruling only bars Trump from using a law from 1977 called IEEPA to declare emergency powers for tariffs specifically; it doesn’t prevent him from issuing tariffs in general through other means.
This law signed under President Jimmy Carter allows the Executive to regulate or prohibit imports, exports, and transactions involving foreign property during a declared national emergency, as well as impose sanctions and freeze assets. But not declare emergency tariffs, as it’s obviously ripe for abuse.
saggio_yoda on
EU lesson here: don’t build your entire industrial strategy around “the US will stay predictable”.
Diversify markets, harden supply chains, and treat transatlantic trade as politics-first, economics-second.
Wonderful-Variation on
It’s too late. The damage is done. The US system has proven it cannot remove an obviously deranged, obviously unhinged person from power in a timely manner. There is no way to repair this except a total rebuild, which isn’t going to happen.
SignalOptions on
Greenland wins …
YarpsDrittAdrAtta on
What is there to analyze?
Do not sign any trade agreement with the US. Wait until they restore pre-Trump era tariffs. Flood the American market with European cars. Laugh.
Scared-Room-9962 on
I don’t know how the US ever recovers from this.
They have no checks in place to stop this and even if they did, the majority actively support it.
QuirkyWish3081 on
He’s still damaged world trade for the US. So incompetent this administration. I have no words. I’ve literally seen things float down the river Thames with more talent.
Cookies4weights on
The damage is done but it should (emphasis on should) make the republicans more humble.
Europe needs to be more reliant but I do think close alignment with the US is of interest & post-Trump will be less contentious.
Opposite-Chemistry-0 on
Also, the tariffs do all but help economy. They lose partners, deals, trust. Lets hope for US common man sake that this is first step in healing.
ErikChnmmr on
Don’t be effing stupid now Europe and flock back to the USA. He’s just going to try Tariffs again in a different way.
koensch57 on
If these tarrifs are being canceled europe should impose an ‘reciprocal’ export tarriff to make up for the difference. This would make Europe great!
Hughley_N_Dowd on
Mission accomplished: Trump&Co made bank on inside info on market disruptions, he got to show strength to his moronic voter base so shutting down half of the tariffs isn’t that much of a deal.
Savage-September on
This isn’t over for Trump though. He’s a little vindictive little shit and he will have other cards to play in these economic games he likes to play. This doesn’t mean a return to normalcy. Europeans, including UK, AUS and CAN need to realise that the relationship we had with the United States is over. There will be no return to pre2024 era of globalism.
Ok_Photo_865 on
🤣😂😂🤣 he’s not giving the money back 🤣😂😂🤣😂
Main-Tumbleweed-1642 on
I think the biggest thing it day is make countries sign a giant amount of trade deal.
Maybe a war will soon follow to distract people from this failure
atchijov on
The most “interesting” part, Trump administration already spent huge part of money collected via tariffs… so basically current US budget went from wasteful to impossible. I am really curious what would come next.
Kaziglu_Bey on
Carefully Analysing – sounds awfully close to Preparing to Fold. Stay in the trenches ffs!
_hockenberry on
Can we get a refund? 🙂
pc0999 on
This should change nothing.
Jedleft on
Don’t assume anything
munkijunk on
The ruling to be clear is on trump using IEEPA for imposing tarrifs. He can’t do that, but there are other methods. Specific areas can still be targeted, and we could still see heavy tarrifs on key export markets like pharma and automotive.
23 commenti
So Europe managed to fob off Trump with endless talks and vague promises, while not actually doing anything.
Trump unilaterally imposed heavy tariffs on US taxpayers and importers, and now has had all of that cancelled without Europe having to do a single thing.
We now get to sit back and watch the carnage in the US as everyone involved sues each other to get their tariffs back, while trust in the US as a viable economic environment for investment continues to shrink.
Excellent news for European manufacturing and investment.
The ruling only bars Trump from using a law from 1977 called IEEPA to declare emergency powers for tariffs specifically; it doesn’t prevent him from issuing tariffs in general through other means.
This law signed under President Jimmy Carter allows the Executive to regulate or prohibit imports, exports, and transactions involving foreign property during a declared national emergency, as well as impose sanctions and freeze assets. But not declare emergency tariffs, as it’s obviously ripe for abuse.
EU lesson here: don’t build your entire industrial strategy around “the US will stay predictable”.
Diversify markets, harden supply chains, and treat transatlantic trade as politics-first, economics-second.
It’s too late. The damage is done. The US system has proven it cannot remove an obviously deranged, obviously unhinged person from power in a timely manner. There is no way to repair this except a total rebuild, which isn’t going to happen.
Greenland wins …
What is there to analyze?
Do not sign any trade agreement with the US. Wait until they restore pre-Trump era tariffs. Flood the American market with European cars. Laugh.
I don’t know how the US ever recovers from this.
They have no checks in place to stop this and even if they did, the majority actively support it.
He’s still damaged world trade for the US. So incompetent this administration. I have no words. I’ve literally seen things float down the river Thames with more talent.
The damage is done but it should (emphasis on should) make the republicans more humble.
Europe needs to be more reliant but I do think close alignment with the US is of interest & post-Trump will be less contentious.
Also, the tariffs do all but help economy. They lose partners, deals, trust. Lets hope for US common man sake that this is first step in healing.
Don’t be effing stupid now Europe and flock back to the USA. He’s just going to try Tariffs again in a different way.
If these tarrifs are being canceled europe should impose an ‘reciprocal’ export tarriff to make up for the difference. This would make Europe great!
Mission accomplished: Trump&Co made bank on inside info on market disruptions, he got to show strength to his moronic voter base so shutting down half of the tariffs isn’t that much of a deal.
This isn’t over for Trump though. He’s a little vindictive little shit and he will have other cards to play in these economic games he likes to play. This doesn’t mean a return to normalcy. Europeans, including UK, AUS and CAN need to realise that the relationship we had with the United States is over. There will be no return to pre2024 era of globalism.
🤣😂😂🤣 he’s not giving the money back 🤣😂😂🤣😂
I think the biggest thing it day is make countries sign a giant amount of trade deal.
Maybe a war will soon follow to distract people from this failure
The most “interesting” part, Trump administration already spent huge part of money collected via tariffs… so basically current US budget went from wasteful to impossible. I am really curious what would come next.
Carefully Analysing – sounds awfully close to Preparing to Fold. Stay in the trenches ffs!
Can we get a refund? 🙂
This should change nothing.
Don’t assume anything
The ruling to be clear is on trump using IEEPA for imposing tarrifs. He can’t do that, but there are other methods. Specific areas can still be targeted, and we could still see heavy tarrifs on key export markets like pharma and automotive.
Costco had already sued to get the tariffs back.