EU responds to unjustified US steel and aluminium tariffs with countermeasures, which will go into effect from April 1.
EU responds to unjustified US steel and aluminium tariffs with countermeasures, which will go into effect from April 1.
In response to the imposition of new, unjustified US tariffs on EU steel and aluminium imports, the Commission has launched swift and proportionate countermeasures on US imports into the EU.
In response to the imposition of new, unjustified US tariffs on EU steel and aluminium imports, the Commission has launched swift and proportionate countermeasures on US imports into the EU.
I can't see anything related to services, only plain old-economy imports. Am I mistaken?
Too bad to not tax Google, Facebook, X and other leeches.
The full list hasn't been announced, the stuff applying from the first of April are the same counter-measures applied last time (which won the trade war) in response to 8bn of harm done by US steel and aluminium tariffs, then another, as of yet unspecified, package will come into force mid-April, responding to another 18bn.
Notably, this is an administrative act and pretty much automatic. Applying the Anti-Coercion Instrument ("trade bazooka") with all the goodies (suspension of IP rights etc) is a political decision, the commission can make a proposal based on its own assessments and complaints, or complaints of member states, but ultimately it's the council which decides whether things get implemented. Qualified majority, that is 55% of states representing 65% of the population, unless fewer than four states vote against at which point the population quorum doesn't apply.
I heard mostly about the tariffs against canada and mexico before. Are these just "make economy shit again"-logic, or like are the canada tariffs argued to be for them to annex? For mexico to... " not send their best people"? EU for... Greenland? I guess it is more "random bullshit: go!" that is the strategy here. Or are they argued by the americans to be directly linked?
Trump slept through class when the teacher presented on Hawley-Smoot Tariff Act. He legitimately think tariffs are a good idea and will bring manufacturing back home. MAGA is dumb enough to think the same, and many think the bad ole foreigners pay the fees.
Say you're a capitalist with a Chinese factory. An afternoon working with Excel shows that you can open an American factory and make widgets more profitably. Knowing that tariffs will fuck the economy and will certainly be temporary, are you going to sink millions in an American plant?
Just block national access to Xitter, Musk will drop the tariffs if he has to face consequences.
We should tax the US propaganda imports.
Exhausting, this is literally just bad for everyone
Just a reminder that the coming recession will be blamed on immigrants, canadians, woke boycotts, Ukraine, renewable energy, LGBTIQ+, and so on.
If you're hoping it will make MAGA idiots reject Trump, it won't. It just provides more fuel to drive fascist agendas.
"Now is not a good time for an election because the business community needs stability during this transitional period of recovery."
I'm european (as you probably noticed with my lemmy instance), for me the most important message of what is happening now is that we need to be less dependend on the US. The fact that this can happen and damage us so much means we need to be more self sufficient.
As a kid/teen I wanted to move to the US, now as an adult I noticed how good we have it here.
If you're hoping it will make MAGA idiots reject Trump, it won't.
It might, however, light a fire under the sane two thirds of America's asses and make them actually do something.
You forgot Biden who single-handedly allowed this to happen in such an effective way it'll last the whole Trump term
If its just tariffs on consumer goods yeah, but they could get creative and pull the plug on some legal frameworks that allow US companies to siphon money from EU citizens. You could for example partially suspend patent protection for US patents. Legalize cracking US DRM on software and media. Lots of options...
Nah, China wins on this one
Seriously though, yeah everyone is losing here.
1 April headlines: "EU must be joking"
- First, the Commission will allow the suspension of existing 2018 and 2020 countermeasuresagainst the US to lapse on 1 April. These countermeasures target a range of US products that respond to the economic harm done on €8 billion of EU steel and aluminium exports.
- Second, in response to new US tariffs affecting more than €18 billion of EU exports, the Commission is putting forward a package of new countermeasures on US exports. They will come into force by mid-April, following consultation of Member States and stakeholders.
No matter, we can really use the steel for our weapons production. But first, I need to construct an additional pylon.
And the trade war begins. :(
The suspension of the suspension 🤡
Can a tariff be imposed on technology?
Non-tarrif counter measures are a thing. And you can really be as creative as you want there.
Do what the Chinese do and introduce a law where 51% of a foreign multinational must be locally owned and operated.
Force the break-up of large corps through anti-trust action.
Minimum pricing rules on posts and / or account creation.
Prohibitions of phones in schools.
Updated data protection laws banning the collection and sale of personal data and applying copyright law protections. Allow individuals to sell their data if they choose to.
Introduce laws that categorize 'trending' and algorithmic manipulation as 'editorialising' and regulate the behaviour as you would any other media.
All the above please! :D