this post was submitted on 23 May 2025

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Trump says talks with E.U. are 'going nowhere,' threatens 50% tariff in June (www.nbcnews.com)

submitted 1 year ago by MicroWave@lemmy.world to c/world@lemmy.world

38 comments fedilink hide all child comments

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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[–] Buffalox@lemmy.world 84 points 1 year ago* (last edited 1 year ago) (3 children)

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...

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[–] Nikelui@lemmy.world 78 points 1 year ago (3 children)

China is winning without doing anything

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[–] NoForwardslashS@sopuli.xyz 35 points 1 year ago

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.

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[–] madame_gaymes@programming.dev 15 points 1 year ago* (1 child)

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

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[–] Buffalox@lemmy.world 19 points 1 year ago (1 child)

I think here we call it. "Don't interrupt your enemy when he is busy destroying himself."

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[–] madame_gaymes@programming.dev 11 points 1 year ago (1 child)

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):

To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.

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[–] Buffalox@lemmy.world 8 points 1 year ago

Here is "the west".
Maybe Napoleon said it first IDK. I'm from Denmark, but I heard it from Americans.

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[–] Buffalox@lemmy.world 13 points 1 year ago

I agree, China is probably the biggest winner in this.

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[–] krashmo@lemmy.world 11 points 1 year ago

He's gonna be dead soon enough one way or another. He doesn't give a fuck about the future. He's just trying to profit as much as he can right now.

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[–] FarceOfWill@infosec.pub 10 points 1 year ago* (1 child)

Trying to fight the EU in a trade war is truly mud wrestling a pig.

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[–] Buffalox@lemmy.world 14 points 1 year ago*

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.

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