- cross-posted to:
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
-
President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.
-
The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”
The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!
Because we are transitioning away from the US and that takes time.
E.G. Canada’s government removed industrial tariffs temporarily but kept commercial good tariffs. This is so that Canadian industries can get the necessary tooling and other things from the US now and remove the US from Canadian logistics.
So that Canada can move to completely remove the US from the industry side.
This is an interesting long-view take, but is the government also providing loans and trying to spurr manufacturing, machine shops, etc. too? Without that, it’s just a dream to hope Canadian companies won’t just wait 4 years, really.