Buy European

“Europe is very closed. We don’t sell cars into Europe

There's no space for oversized gas guzzlers in Europe. And the one US car brand that sold well in Europe, Tesla, was torpedoed by its own Nazi CEO. How is that Europe's fault?

We don’t sell essentially agriculture of any great degree,”

Raise your standards for food safety and Europe will buy. Europeans are more demanding with what they stuff in their mouths. But the way deregulations and the dismantling of the FDA is going in the US, it's not going to improve anytime soon.

For the nth time, tariffs are import taxes levied on the LOCALS importing from a country being tariffed (well, import tariffs anyway). All Trump did here is ensure European companies that traditionally sell a lot in the US diversify and find non-American customers to break their dependency on US customers that don't buy as much anymore. That's good for Europe in the long term.

As for energy, Europe needs it to avoid buying Russian oil and gas anyway. So it's a great way for Europe to avoid dealing with sketchy petro states to get energy.

What kind of title is that? They agreed 15% tariffs. How is that avoiding tariffs?

Ah yes another stroke in our asses. No tax for their tech corps, now this. We should read "the art of the deal"

Bye, EU economy!

Initially, import tariffs will primarily hit Americans, but even a “low” 15% tax may just give local producers an edge over European producers, resulting in Europe losing economic ground from the Americans in the long run. American companies will then grow more economically while European ones will see a limit to their growth.

This deal further frees the Americans to grow economically in Europe and compete away from our own companies: they will have to pay 0% in tariffs, while other European barriers (such as taxes on tech companies) will also be removed with this deal.

The combination of U.S. tariffs versus an almost completely free market for U.S. companies in Europe will skew trade and production relations between the two economic blocs. While this may not affect certain obscure or hyper-specialised sectors immediately, much of Europe's agricultural, industrial and tertiary sectors will suffer greatly. Especially if the Americans manage to demolish our brand protections as well, thousands of farmers in the Netherlands and France, among others, may well close their doors, along with the European tech sectors, and perhaps even the German car industry if Trump decides to subsidise the American car sector.

On top of that, details are already coming out about what America will get on top of that: deregulation of the tech sector for US companies, 600 billion to only US arms producers instead of European ones, taking over the cost of arms supplies to Ukraine... if this deal really goes through then we will go off the deep end. It is to be hoped that the few countries with reasonably straight backs (France and Spain, among others) stop this deal.

We don't sell cars into Europe.

Ford and Tesla don't count I guess?

Also remember when Merkel complained that trump was incapable to understanding the basic functioning of the EU

The hard part is explaining why do a deal seeing that Trump is in the pedo Epstein files.

15% straight across, so will the EU be levying a 15% tariff on US imports as well?

yep as i figured, europe rolled over

His comb over is the worst.

What is this cuckporn doing on Lemmy main page?