- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
cross-posted from: https://feddit.uk/post/27100578
Archive link for those of us still considering retaliatory tariffs.
cross-posted from: https://feddit.uk/post/27100578
Archive link for those of us still considering retaliatory tariffs.
I understand your reasoning but tariffs all around are just not the right tool as they affect your own market first and while the eu is the second biggest consumer market after the us, it just hasn’t the same margins to cut into for tariffs to properly bite.
So all the EU can do with them is to make it hurt while trying to avoid exactly the damage to the own economy that the US is causing. That way you try to leverage the reciprocal approach while trying to carry the economy for as long as possible.
That Trump is willing to escalate is apparent with China, but contrary to the EU, China has monopolies on goods and resources that it can (and already does) utilize to supplement tariffs. That will cause bigger damage than tariffs over time.
Of course the biggest absurdity is that a trade war like this harms the engine of every single country affected, destroying value AND lives just as much as a real war does but without the visibility.
Giving in to Trumps threats of tariffs now, what ensures he won’t come up with new ideas why trade would be unfair and threaten more tariffs again? He did the same with Ukraine and minerals. You think you have a deal and he will come up with new demands.
If the US wants to buy wine and whisky from somewhere else, let them. They imposed tariffs on almost every country in the world. And of all possibly affected industries, the alcohol industry deserves among the least considerations, given how much damage their products cause to the general public and how many individuals are killed from alcohol addiction and related issues.