Trump says talks with E.U. are 'going nowhere,' threatens 50% tariff in June
Trump says talks with E.U. are 'going nowhere,' threatens 50% tariff in June
Stocks fell while a top E.U. official responded by saying that trade "must be guided by mutual respect, not threats."
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.
I thought everyone was dying to make a deal with you Orange?
"I've made 200 deals."
Then people pointed out that's more deals than there are countries, then he started whining about how no one would make a deal with him. And now I think he made one deal with the UK, which he'll probably go back on next week.
OK Trump, but while you are trying to figure out what the most scary import tax is, and destroying American business globally, we are working on getting rid of American services and weapons. And China is now a less unpopular trading partner than USA in EU!!
We shall see who wins in the long run...
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.
Makes sense, considering Taoism comes from China. The philosophy is "wu wei", which essentially means, "Action without Action."
I agree, China is probably the biggest winner in this.
Trying to fight the EU in a trade war is truly mud wrestling a pig.
Did you know that before Trump started this, the average tariff in EU on American goods was about 1%?
So the question is why the fuck Trump really did this? Except we already know, the plan was to use tariffs as the main taxation income for government, and give extreme tax cuts to the rich.
Trump is trying to be clever, to benefit himself and those that bribe him. But he is really stupid, and after he is finished everybody will be worse off.
EU not bowing to the US king?
oh noes
who could've guessed
Further distancing us from that bin-fire? Oh no. How awful.
what I was expecting as well. he was waiting for the stock market to recover for his friends to sell, now that it's almost back to Biden levels he can crash it again
Please go ahead, it should make more people aware of the boycott movement.
Maybe the EU learned from his own actions that you just have to push back until he caves under internal pressure
You don't even need to push. Just wait a while until the toddler finds something else to focus on and forget what happened today.
It was some time ago but a response from Canadian supplier to US customer went few rounds on social media. They informed that the item customer was buying was under a tariff and gave options to either pay up the tariffs, cancel the sale with no extra cost or just wait for few days and see what happens. And the really stupid part is that it was (and largely is) a viable strategy, at least on customer sales. For businesses that's obviously a total nightmare, but that's just one example on how ridiculous any kind of trade with the US is right now.
"You better give me what I want or I'll shoot!" He said, his gun aimed squarely at his own foot.
So, another stab at market manipulation?
get bent fat orange fuckface
If you had a brace of five-syllable lines bracketing that and managed to reference the season, you'd have a perfect haiku.
Sounds like that PoS is going to tank the markets again so his billionaire donors can rake in more of our money. Then he will say there was beautiful talks-- of which there wasn't-- and then say something stupid like we negotiated and I won, 10% tarrifs, I am so gud at this!
Fucking grifting all the way down.
Do it bitch
If you have any money left in the markets for any reason get it out now
I would have thought by now even the most financially illitterate americans would have had how tariffs work and impact them explained by now, but people still arent rioting that he is taxing the ever-loving shit out of his own people? (And destroying the USAs global economic power in the process)
It's nuts that the markets still react to this clown.
By now I would have expected them all to catch on that he is simply a 14 year old internet troll from a YouTube comment section in the body of a dehydrated Ipomoea batatas full of alternaria.
The things he does (or does not do) will keep changing and being wild. Price that in already.
Give a man a tariff hammer and all he sees is tariff nails
Like the pigboy he is, he can't help but put his finger on the scale.
So, Trump sorted a bunch of Ero stocks then annoined this ?
TACO trade
Didn't Klingbeil say something like the talks where promising just earlier today?
Oh no! Anyway....