tiny lemmy 

Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’

c/europe · u/cm0002@lemmy.world · 83 points

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>Donald Trump has said he will impose a 50% tariff on all EU imports to the US from 1 June after claiming trade talks between the two trading blocs were “going nowhere”.

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>In a surprise announcement, the US president posted on his Truth Social platform that his long-running battle to secure concessions from the EU had stalled.

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>He accused the EU of taking advantage of the US on trade, saying: “Our discussions with them are going nowhere! Therefore I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Comments

u/Anonymaus@feddit.org · 8 points

If usa wants to go all isolationist again be my guest, there are many more countries willing to fill the void left by the usa

u/Buffalox@lemmy.world · 7 points

We are absolutely willing to trade with Canada more too. And we already have what AFAIK is a pretty good agreement from 2017.

https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/canada/eu-canada-agreement_en

>It eliminates duties on 99% of all tariff lines, of which 98% were scrapped when it provisionally entered into force;

But despite that already good agreement there are talks of working even tighter together.

u/NotAGamer@lemmy.org · 17 points

Canada would be happy to trade with the E.U. given that we're also being fucked over by the U.S.

u/RememberTheApollo_@lemmy.world · 25 points

What a trump thing to do. Someone doesn’t give the petulant king what he wants so he has a tantrum and lashes out.

u/Buffalox@lemmy.world · 23 points

That's OK, we may lose some profits not selling to USA, but at least we can make our own stuff, and trade with China.

USA on the other hand...

u/Nastybutler@lemmy.world · 8 points

Breaking News: Idiot who shot himself in foot previously has announced he will shoot his other foot