- cross-posted to:
- worldnews@lemmit.online
- cross-posted to:
- worldnews@lemmit.online
The EU launched countermeasures against new U.S. metals tariffs, with plans to impose duties on US$28.3 billion worth of goods.
Archived version: https://archive.is/20250312081931/https://financialpost.com/pmn/business-pmn/eu-targets-e26-billion-of-us-goods-in-trump-tariff-retaliation
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
It’s probably more to target his donors than the voters. Although with farmers, that is both. China found it quite effective last time he tried it.
It’s not going to be hugely effective as you mentioned but likely still more effective than blanket in targeted tariffs.
Trump doesn’t have a master plan. He’s just a bully with power. It seems from his rhetoric pre election that he didn’t even understand what tariffs actually are or how they work. The only way bullies stop is when they are stood up to.
Last time, there was a sense of waiting it out. Now that it’s happening again it’s more a sense that nobody wants to put up with his bullshit.
Canada is probably America’s biggest ally and trading partner. He wants to annex them. It’s ludicrous. He is big on nationalism to try and scare people. Well he’s inspired nationalism worldwide to be unified against him.
If it was me, I’d be targeting Tesla and musk in particular as well.