Trump originally imposed a 20 percent tariff on EU goods but this has been suspended until July and negotiators are now seeking to avoid a full trade war over the tariffs if this level comes into force.
We will not do it out of kindness but since the US gov. doesn’t understand how the economy works its better to save our economy for 50 bn instead of tanking it by letting tariffs stay in place. I personally avoid US products but the effects for our economy would be way worse if we don’t reach a deal. Trump isn’t reasonable and we rely on the US militarily to a certain extend. Let the toddler have his win since stability is what our markets need the most. Yes its extortion but we need to minimize damage. We are the reasonable and reliable ones in the new world order so the soft power the US loses is way worse in the end.
We will not do it out of kindness but since the US gov. doesn’t understand how the economy works its better to save our economy for 50 bn instead of tanking it by letting tariffs stay in place. I personally avoid US products but the effects for our economy would be way worse if we don’t reach a deal. Trump isn’t reasonable and we rely on the US militarily to a certain extend. Let the toddler have his win since stability is what our markets need the most. Yes its extortion but we need to minimize damage. We are the reasonable and reliable ones in the new world order so the soft power the US loses is way worse in the end.