3d ago

Europe bends over for Trump. Promises to buy American weapons and accept 15% tarriff.

news.sky.com

US and EU agree trade deal - with bloc facing 15% tariffs on goods into America

The deal includes $600bn (£446bn) of EU investments in the US, and the bloc will buy $750bn (£558bn) of US energy and also purchase American military equipment.

Mr Trump said: "I think it's great that we made a deal today instead of playing games and maybe not making a deal at all."

He said: "We are agreeing that the tariff... for automobiles and everything else will be a straight across tariff of 15%." However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would stay in place.

World News @quokk.au

cm0002 @lemmy.world

3d ago

Europe bends over for Trump. Promises to buy American weapons and pay 15% tarriff.

news.sky.com /story/us-and-eu-agree-trade-deal-says-donald-trump-13402672

29 comments

Europe didnt agree to a 15% tariff. Americans are paying the fucking tariff.
- Europe agrees with Trump that Americans should pay the tariffs.
- You are technically correct, but without any counter-tariffs Europe is practically paying the tariffs.
  
  No they arent, usa customers are..
- Europeans lose out on the profit. Thats what a tariff mainly does, divert the profits from the company to the government.
  
  How so?
If you're looking for resistance to the US empire it isn't going to come from Europe.
- I hate that you're correct
So, Americans will pay a 15% tax, while not getting those manufacturing jobs.
- and our misleaders ensured that we will not only lose out on profits but also pay for the privilege.
No one can actually stop Trump from imposing tariffs on his own country.
- That's what counter tarrifs are for.
How long before the EU stops complaining about the Chinese EV boom just to spite trump? I mean christ that one is at least extremely transparent... god this guy is an idiot.
- Our leaders are spineless... The US says jump and we jump it's pathetic. I really wish the people of Europe organized more and put up stronger resistance because our leaders will not do shit.
  
  It’s not just ideological or lack of authority, EU economy is deeply intertwined with US’s one: if your main ally turns his back on you, you’re in deep shit no matter what you do. I agree that harder times could be beneficial (other comment to yours), but try to survive Trumps legislation could also work. In my view, it’s the decades before this that prepared the field for trouble: both with Russia and USA, Europe has made itself too dependent on foreign countries (for energy and defense, core matters with regards to be strong on an international field)
  
  That would certainly help both sides of the Atlantic. We need to hurt for anything to change on our side.
- Europe has a pretty sizable car industry, that's why they're concerned about Chinese EV's.
To be fair, the U.S. generally makes the best weapons.
- Uk have zero risk of getting attacked
- Not really. Their price to performance ratio is usually terrible and the maintenance cost extremely high.
They didn’t say when lol

29 comments