Wasn't there something about the Epstein files we were all thinking about just before Trump spouted this new distraction?
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Trust me, we're all still thinking about it. This is a failed attempt to deflect
OK, what shares is he and his folks buying... We should do the same. His Black mail worked last time, should work again!
I am amazed thtavit keeps working every time. At some point, the market will stop reacting to the taco blackmails
Hey! That's in about two weeks!
I'm not great on economics but the concept of a tariff is that the entity importing something has to pay an extra levy in order to place in a market a given product.
This follows that an american importer of any trade goods of european origin will have to pay an extra thirty cents for each dollar such goods cost.
That extra cost will then be passed along the commercial chain, down to the final client.
So, prices go up for general public.
Meanwhile, nothing is stopping the country of origin of such products to divert their business to other countries, thus maintaining their normal activities.
Am I wrong or this whole thing is disastrous for the USA?
Youโre right in how it works, except when you say nothing is stopping a country to sell elsewhere, demand/supply/market conditions do. They are probably selling to other countries as much as they can anyway, and still sell to the US as well. So when they canโt sell to the US, it wonโt be easy for those companies to find other customers to take this volume. If they existed, they would have been sold to anyway.
Practical example.
I know this winery that usually exports nearly 95% of their production to the US. The owner spent a few decades there and made some contacts.
Last year, they had some problem with the american market and were forced to search for other venues.
They dropped their prices, opted to sell to our national market and did pretty much the same revenue they would have done exporting.
Exporting to the US is often the thirst for easy profit. Products that sell here for cents can be sold at a premium in the US, as it is the de facto luxury hungry market. Doesn't really matter if it good; if is it expensive, it means it's good.
Portugal mostly exports food goods to the US. I think cork, some clothing and shoes and some other items make up the basket, but in way lower quantities.
I've seen cheese and wine that are considered run of the mill here sold for ten times more in the US market. Which I consider theft.
This entire situation gets uglier the deeper we dig.
But maybe not at a price between 1 and 1.3 dollar.
It is indeed bad for US businesses and consumers, and therefore for US economy in general, but as US market is so big and important, it's also bad for countries doing business with US, including in Europe, like, for example, German carmakers or French and Italian alcohol exporters.
Though that's only true for the first few years. Once alternatives are established and trade with America is reduced it will be less and less until America will be not interesting anymore
One can only hope.
Unless Trump starts ww3 we will have a few more painful years of transition and then the new normal will be normal and the better deals will win, which won't be with America.
We must not forget that it's not only about trade. There's also a military dimension, and if all US support to Ukraine ends abruptly and completely, then there's a very real chance that Putin will win soon. That creates an entirely new security situation, where Russia may well attack EU countries next (like the Baltics, for example).
France and Italy could export to other countries easily or transform their cheap wine into properly aged wines and liqcours, with actual market value and product quality. Downsizing the industry wouldn't be a bad idea, also.
Germany is already dwindling in their car industry. Could serve as a call to innovation an review of business practices.
But I was told here Ratte debasing himself was a master play to get the orange moron off our backs. What happened??
Calling Ursula her "excellency" sounds so weird to me, but apparently that's correct for foreign officials?? Would never have expected that.
I would have thought it would be "her stopsignness" or "her smsremoveress".
What a load of cringe.
And that second to last sentence is just the cherry on top of the pile of shit. Everybody is already severely disappointed.
By the way: Does anyoen know if it's even appropriate to call Von der Leyen "Her Excellency"? It sounds pretty weird to me.
Take a look at the beginning of the constitution of the EU, that looks wild
Formal addressment.
It is an archaic way to address "officials" in public office, which ends up sounding as a preservation of royal/nobility occupation of positions, regardless living in a democratic regime.
It is argued as being a way to show respect and maintain dignity of institutions.
If want to write a letter to my municipal office, there is a template to be followed which starts with "To his/her Excelency, The President of the Municipality, Mr./Mrs. Dr. XXXXXXX". This is loosely translated, obvioulsy.
Democracy yet not equality nor accountability.
Jesus fuck thats a poorly written letter. The idea behind it is worse though
You will never be disappointed with The United States of America.
Is the whole thing satire?
He is saying that if the EU wants to do a trade war the USA will deliver.
And who here is innitiating the trade war?
Deliver what, tariffs??
So.... "I'm totally not going to chicken out"?
What is even fucking going on? It feels like a child touching random shit on their parents phone, opening apps and accidently calling and buying things. Meanwhile the rest of the world just goes wtf.
Ah yes my favorite Country, the European Union.
Weeeeeelllll it basically is from the outside.
Trump is a eurofederalist icon now I guess ๐
These Tariffs may be modified, upward or downward, depending on our relationship with your Country.
First, what the fuck is that random capitalization?
Second, so your giving us in writing, that these tariffs ~~may~~ will be modified at will if you feel so.
Third, which country are you talking about? Europe is a continent. EU is a union of independent countries/nations.
As much as I fucking despise this shitbrick orange hitler, the capitalisation is standard in my limited experience, in legal documents it is common to treat an established concept as a proper noun to make it explicitly clear what you are referring to.
There may be a passage near the start which says something along the lines of "the proposed 30% trading tariff, herein referred to as the Tariff" or "the European Union trading area, herein referred to as the Country". (In this case those passages don't exist but I think the capitalisation still makes sense)
Equating the EU with Country is absolutely batshit insane though.
AMERICA NUMBER 1 YOU'LL NEVER BE DISAPPOINTED (if your expectations are already on the floor)
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