L’UE si prepara per ritorsioni sulle tariffe di Trump, ma spera in accordo

“The European Union will continue to prepare retaliatory action after Donald Trump said the United States would impose a general 50 per cent tariff on all European imports in a week’s time, a threat that brought the threat of a full-blown transatlantic trade war closer than ever.

But Brussels will continue to seek agreement with the US on tariffs. The hope in Brussels, senior sources said, was that the shock announcement by the US president was simply a ploy to gain leverage in the talks between the two sides.

Mr Trump’s latest tariff threat, targeting all exports from the bloc, would deliver a hammer blow to key manufacturing sectors, including autos, aerospace, chemicals and other goods, business groups have warned.

The US is the EU’s largest single trade partner, accounting for just over 20 per cent of goods exports worth more than €530 billion last year, European Commission figures show.

Ireland, along with Germany, Italy and France, is the leading exporter within the bloc.

Maria Demertzis, the head of the economy strategy centre at the Conference Board think-tank in Brussels, said the impact of a 50 per cent tariff from June 1st would be “unsustainable”, particularly for exposed sectors where the US was a key market.

Economic modelling conducted when Trump imposed a 20 per cent tariff last April estimated that the tariffs would hit the bloc’s GDP by 0.2 per cent. This would grow to 0.5 per cent if 50 per cent tariffs were imposed, she said.

“It’s still a relatively small overall macroeconomic effect, although it will be large in some countries, like Ireland, [which] are more reliant on exports to the US,” Ms Demertzis said. In terms of sectors, “the effects will be very big indeed”.” – The Irish Times

We are going to cave in meanwhile China showed the world exactly how to deal with Trump.

Does anyone have a good chlorinated chicken recipe?

I keep reading that EU is preparing since April, how much longer does it want to prepare ?

Tax the shit out of US tech companies. Coordinate counter tarrifs with China.

Elbows up!

Trump has shown he folds when faced with someone who stands up to him. The Chinese tariff debacle shows this. The lesson is go hard against him

Stand strong and united.

People should simply look at the stock markets. The US markets dipped down right away, as they understand what that would mean for them. 50% would practically mean a near total halt of trade. The US cannot afford that either and all there is so far, is a social media post right before a prolonged weekend (it’s memorial day on monday, isnt it?)

The only way to respond to Trump is to match his tariffs dollar for dollar and then just ignore him

Going to Trump to try to negotiate is already seen as a weakness by Trump

Trump feeds on this perceived weakness and will just demand more and more

Poor Trumpy no one gives a flying tuck about his bla blah blah!

Americans can just buy Chinese cars instead 🤣😉