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President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.
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The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”
The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!
Why fight with european consumer prices and get people to moan against the EU or their gouvernement about price hikes? Fight with states actively pushing alternative IT services and defense industry from the EU, through advertising, through hybrid commercial war, spread rumors amongst conspiracy nuts, offer tax cuts for venture capital into EU firms. Get closer to friendlies and just turn your back to the US. Don’t engage, don’t fight. Simply ignore all carrots and sticks until the US gets out of that tantrum. Don’t dump US bonds though, make it illegal if need be, dumping bonds is just helping Trump bring down the value of the dollar, that’s a price to pay to put out that bully but it’s a temporary cost that can be recooped when you dump them strategicaly when the US economy will have to get itself out of the economic hole they are digging.
Trump can bring down the dollar as much as he wants already. It’s easy to destroy, to burn bridges, to make enemies. A bond is a deal you expect the USA to honor.
No, he can’t really go far with his political power he’ll just get entangled into more litigation… He needs to persuade countries to sell US bonds to bring down the value of the dollar in a significant enough way for project 25 to execute. He’s chosen the hard way so why would we satisfy him by doing exactly what he expects of us? Selling bonds isn’t cashing in on them, it’s just transfering the risk to someone else, a bonds market crash would dévalue the value of the dollar at the loss of the EU, china, japan, the UK etc… Let the dollar go on a softer landing (as it’s poised to do anyway, whatever happens on the bond market) let the country get back on tracks then resume activity on the bond market once the dollar has gained back some health. Accept some losses but have the overall financial losses much lighter for EU states and financial institutions on the long term. No need for the EU suffer for stuff done by america to itself.