- cross-posted to:
- finance@thelemmy.club
- cross-posted to:
- finance@thelemmy.club
Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.
Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”
In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”
Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.
“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.
China is winning without doing anything
They worked out that “The Art of the Deal” means “agree to my deal right now, or I will shit the bed”.
If you just don’t get in the bed you’re fine.
I agree, China is probably the biggest winner in this.
Makes sense, considering Taoism comes from China. The philosophy is “wu wei”, which essentially means, “Action without Action.”
https://en.wikipedia.org/wiki/Wu_wei
I think here we call it. “Don’t interrupt your enemy when he is busy destroying himself.”
Pretty sure that’s a French thing (Napoleon), but maybe you’re French and that’s what you mean by “here.”
Sun Tzu also said something similar before Napoleon (Art of War, Ch 4-2):
Here is “the west”.
Maybe Napoleon said it first IDK. I’m from Denmark, but I heard it from Americans.