- 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.
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Like the pigboy he is, he can’t help but put his finger on the scale.
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.
UK just made a deal with EU including foods. This will make a chlorinated American chicken deal impossible. So I bet Trump could be pretty pissed about that if anybody tells him.
He’d be pissed off constantly if he could read
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.
EU not bowing to the US king?
oh noes
who could’ve guessed
Oh no! Anyway…
Didn’t Klingbeil say something like the talks where promising just earlier today?
Further distancing us from that bin-fire? Oh no. How awful.
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.
Just remember that some important projects are tittering on bankruptcy and success and are depending on collaboration with EU. If the tariffs affect the final cost, then the projects will fail. Simple as that. And you won’t get your IPod nano for Christmas.
All of these tariff wars are so depressing to all of us just trying to get cool stuff made.
Please go ahead, it should make more people aware of the boycott movement.
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)
Give a man a tariff hammer and all he sees is tariff nails
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
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.
