Rationally, the EU agreed to buy stuff that would have bought anyway and the US decided to self impose taxes raising its internal prices.
But yeah, politically it sucks.
Funny thing: probably it sucks for Americans too.
Ha! You Europoors are just mad you can’t afford to pay more money for everything! Once again, Trump totally owned you! God Bless America!
Look at your inflation. It doensn’t mean that the US won. It means our countries will fail together.
It’s obvious sarcasm
I thought it was obvious, but I guess I should have added the old /s
It’s not funny anymore…
It will impact Americans the most by far. The US is literally shooting itself in the foot.
Tariffs are not merely an internal issue though. Sure they hurt the consumers the most, but they still are a damage of the people trying to sell the items too. Those tariffs do result in people buying less that’s why they exist in the first place.
The USA has never really cared about consumers being able to buy things. If they did they’d make sure to pay them enough to pay for things but they’ll cause recession after recession and then bitch about people, who they told not to drink lattes to save money, not buying their useless garbage.
The dipshit imposing tariffs doesn’t understand tariffs so yeah, it very much sucks for us.
This is what happens when a guy who was, according to his professor “the dumbest goddamn student I ever had” is made president.
He keeps trying to shove the triangle into the square hole while exclaiming, “it’s a perfect fit”.
Tariffs alone will never bring back manufacturing to the US. Those jobs are gone thanks to globalism, and why would you need them back when you could instead invest in a more service-oriented economy and with more highly specialised (and valuable) tertiary industry jobs. All tariffs do in this situation is tax everyone and drive inflation rapidly - both at a time when people are at historically high levels of personal debt.
Yes he’s dumb, but on the topic of tariffs he knows it will not bring blue collar jobs back to the US_, look at his own merch or the phone he is selling, all made in China. Secondly, he didn’t write Project 2025, there are smarter people than Trump pulling the strings, there is ulterior motive to push for these tariffs. I personally don’t really know what, other than wrecking the economy or maybe purposefully devaluating the dollar.
That’s right! Tariffs go into… The square hole!
and why would you need them back
Exactly! What’s the endgame here?
The only explanation I have is that in his (and Musk’s) mind all intellectual jobs will be replaced by AI, and the US will need to shift everybody to manual jobs to assemble stuff. It’s so stupid and dystopic that it may even be true.
Trump thinks he made a good deal: we managed to increased all prices by 15%. Everybody needs to pay more. Lets celebrate…
If it was so good with 15%. Just think about if he did the same with the taxes. But for taxes he instead want to lower them…
Because the tariff is (mostly) a tax on the poor, it’s consumers that end up footing the bill. Higher taxes impact the rich more, can’t have that.
With this show of cowardice and spinelessness the project European Union is dead to me.
JFC, who let the MAGA American into feddit.org?
