EU Offering Trump ‘Zero-for-Zero Tariffs for Industrial Goods’
“But we are also prepared to respond through countermeasures and defend our interests. And in addition, we will also protect ourselves against indirect effects through trade diversion.”
European Commission President Ursula von der Leyen announced that the bloc offered President Donald Trump a deal concerning tariffs on industrial goods.
Von der Leyen said at a press conference (emphasis mine):
These tariffs come first and foremost at immense costs for US consumers and businesses. But at the same time, they have a massive impact on the global economy. Developing countries are hit especially hard. This is a major turning point for the United States. Nonetheless, we stand ready to negotiate with the US. Indeed, we have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners. Because Europe is always ready for a good deal. So we keep it on the table. But we are also prepared to respond through countermeasures and defend our interests. And in addition, we will also protect ourselves against indirect effects through trade diversion. For this purpose, we will set up an ‘Import Surveillance Task Force’. We will work with industry to make sure we have the necessary evidence base for our policy measures. We will stay in very close contact to minimise effects of our actions on each other.
IT'S HAPPENING! European Union offers Trump "zero for zero tariffs" on industrial goods pic.twitter.com/pVdXZH5N1f
— Eric Daugherty (@EricLDaugh) April 7, 2025
According to EU Trade Commissioner Maroš Šefčovič, the industrial goods include “cars and all other industrial goods, such as chemicals, pharmaceuticals, rubber and plastic machinery.”
German Finance Minister Jörg Kukies called for zero tariffs on imports: “The easiest way to assure balance and fairness is if everyone goes to zero and then we have free trade, efficiency, and economies of scale. The key is to send the signal that we are willing to include reducing tariffs all the way to zero.”
Look, the criticism of Trump’s tariffs is 100% legitimate. Tariffs are awful. It is a YUGE risk to use them as a negotiating tactic. I will always say the best way to bring manufacturing back to America is to cut the red tape and regulations and offer tax breaks and incentives.
Julian Hinz of the Kiel Institute for the World Economy agreed with Kukies. From DW:
“Dropping tariffs bilaterally between the US and the EU most definitely would be the best outcome. Having cheaper trade between those two economies would benefit both of them, whereas the flip side, if we have tariffs, 20% on each side, that increases costs for both sides. Import tariffs are an import tax that can be lowered very quickly, very easily.”
On the day he announced the new measures, US President Donald Trump suggested he could be open to “zero tariffs.”
“To all of the foreign presidents, prime ministers, Kings, Queens, ambassadors, and everyone else who will soon be calling to ask for exemptions from these tariffs, I say terminate your own tariffs, drop your barriers.”
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No tariffs on stuff EU sends more of than the USA, in other words.
“Look, the criticism of Trump’s tariffs is 100% legitimate…”
No, it’s not. Just as with 99% of the rest of criticism of Trump it’s an irrationally emotional reaction that Trump is using to his advantage.
A level playing field where no tariffs exist is the preferred outcome. If another country starts playing dirty – I’m looking at you, China – then impose tariffs to remedy the situation.
This tariff standoff will be resolved favorably in the next month or so. You’ll know this because the media will suddenly go silent on the issue and start braying about the next controversy.
How about agricultural products? Will the EU remove any/all import quotas or outright bans on US goods? How about ending direct subsidies to their companies? How about indirect subsidies that create a competitive advantage? Will the EU commit to free speech and end harassment of US based social media platforms?
Bottom line is a zero rate tariff seems great …if you’re too simple minded or ignorant of the full range of protectionist measures beyond a tariff that are used to create barriers for US exports.
Simple example;
EU – ‘oh look we reduced our tariff rate to zero’
USA – ‘does that apply to agricultural products?’
EU – ‘absolutely, we don’t put any tariff on AG products’
USA – ‘does that mean you will allow US beef, poultry, pork, corn, soybeans and so on to enter the EU?’
EU – ‘nah, we still outright 100% ban those AG imports or severely restrict the amounts with import quotas’.
Don’t be fooled by the zero tariff propaganda. There’s way more to protectionist policies than just tariff rates. A.zero rate tariff is meaningless if the products we want to export are banned outright or severely limited. Nor does it address all the other protectionist policies. If they want ‘free trade’ then let them offer it.
@CommoChief – how about we accept and agree to their offer, and watch the result ?
As long as it improves trade for the US while making things more balanced for the US, we will already have gained … and we still have President Trump to continue the negotiation armed by new numbers showing that either the EU is acting in good faith or isn’t …
That may very well be the “good first step” Trump takes, I don’t think anybody is saying it isn’t. It doesn’t have to be the last.
Alastor,
We should not accept the opening gambit. We need to reject any offers that don’t:
1. Remove bans on US Products
2. Remove import restrictions on US products
3. Remove import.quotas on US imports
Do that and we have the basis for further negotiating. Without a commitment for the very basics of free trade, open and unlimited competition with US products then any offer made to us is not about ‘free trade’ it is about these Nations maintaining protectionist polices to exclude US goods.
A zero rate tariff offer is meaningless when entire categories of US products are banned or severely restricted. There’s already a zero rate tariff on those goods b/c they are prohibited from entry into their markets to compete. Offering a zero rate tariff on some but not all US products is designed to divide the US business community, sow dissension and weaken our resolve. Don’t be fooled.
No, the EU will still ban the import of US foodstuffs. They will hide behind some argle-bargle about additives, but they will die on that hill.
Even the pinko-commies of the EU understand something the pinko-commie Democrats don’t (or they do and it’s part of their plan), if you can efficiently grow your own food, off-shoring/out-sourcing the production of your food is beyond stupid and it puts your entire society at risk from outside influences.
Blocking our food – for any reason – is better than risking letting us beat them to death simply base on the scale of our capacity to produce (until the Democrats regain political power and begin to strangle our farmers again).
Yep this opening gambit from the EU is made in bad faith. They don’t want open, free market competition.
Interesting how the left’s wizards of smart never saw this coming. Yet every one of them has screamed the sky is falling for months.
they do /did see it coming
thats the agenda
chaos leads to manipulation ..anger etc
thats what they thrive on
thatsss why they back this whole anti female trans thing
it causes chaos
The sky keeps falling over and over. In order to adapt to the ever changing narrative, I had to get a new calendar that has every day marked, “The sky is falling today.”
“Interesting how the left’s wizards of smart never saw this coming.”
You mean, the way they INSISTED that they couldn’t keep illegals out without new legislation?
Yeah, they saw it, They were intent on keeping YOU from seeing it.
Tarriffs ARE awful????
Yeah- so other countries should not have been doing it.
I was gobsmacked at the uphill playing field America was on.
You know damn well those tarriffs imposed by other countries support their bloated governments and also prop up industries to compete unfairly against America.
Trump is 100% right in picking this fight.
We were down in Greeneville TN this weeked. The town has lost a lot of manufacturing over the years and it’s gotten worse due to Helene. Hoping the Tariffs go towards getting manufacturing BACK in areas like this.
The main purpose of Trump’s tariffs is to bring manufacturing back to America. It should’ve been done years ago.
I thought it was to raise tax revenue. Can’t be both.
If manufacturing is to move to the US, I wonder if Americans want to do the work of the Vietnamese, the Bangladeshis and the Cambodians. I don’t think so. If they do, prices will be much higher for Americans. Maybe don’t kick out the illegal aliens just yet.
so then you know that its the welfare state that allows for your statement that
americans wont do the work
If you pay Americans $30/hour to make socks, some Americans will do it. But then Americans will be paying x times current prices for socks (and shoes and clothes and plastic crap). That’s inefficient. In fact, it may he more inefficient than operating a welfare state. I’m not sure but I would certainly consider what works and what doesn’t before trying to remake the largest economy in the world.
Comparative Advantage.
The other thing is that if you bring low-skilled manufacturing back to the US, a large percentage of jobs will be replaced with automation. Few jobs created. So you’ll still have a welfare state issue to deal with.
@Stuytown & @destroycommunism – au contrary, tariffs can be and are often imposed as a negotiating tactic, and the imposing country can gain revenue for the period when the tariff is being imposed …
Isn’t there at least one luxury market European car maker who is “pausing” shipments of their vehicles to the US, with no stated end to the pause ? It simplifies book-keeping for the maker, while others get the situation resolved …
Of course, if the “pause” lasts for a long time, will that maker be able to sell their vehicles elsewhere – especially given that they are probably configured to comply with US laws and regulations, not EU ones …
“But then Americans will be paying x times current prices for socks (and shoes and clothes and plastic crap). That’s inefficient.”
Paying for insurance is always inefficient, but it’s strategically necessary to avoid having a foreign hand on your supply-chain windpipe,
Assuming socks are a critical resource, which they’re not on the top-100 list, so they are a bad example. .
Do you really think adding 10% to the cost of socks from Thailand is a deal-killer? These cheapo goods will still be cheap compared to trying to make it here and will raise a little bit of revenue. We aren’t trying to bring sock-making to the US. Things like medicines, medical equipment and higher-order goods absolutely should be made here.
Alastor
I believe you refer to Jaguar/Range Rover which reportedly has something like a 400 day supply of inventory sitting on car dealers lots. They don’t need to import under the tariffs b/c of that…of.courses that also means consumers weren’t buying their products at a fast pace anyway, especially since they rolled out their wokiesta AD campaign.
They did it before; they can do it again. Not every American is smart enough to be the next physicist, or the next doctor. Not all have both the intelligence and the stamina to pull wire, drive nails, or install piping.
There ARE plenty suited for repetitive or menial tasks, “the work Americans won’t do”. They aren’t doing it because our welfare system is so easy to game that those suited to repetitive or menial tasks have the option of sitting home.
The best welfare system would have said “here is a quarter-acre of tax-free land. Good luck”
“I thought it was to raise tax revenue. Can’t be both.”
Sure it can. It’s a floor wax AND a dessert topping.
Some countries will cave. Free trade.
Some won’t. Boosts domestic manufacturing AND tax revenue.
to Stuy
$30???
when you get rid of the welfare state taxes go downnnnn
and “making socks” is an honorable job vs collecting welfare
Yup. And any president could have done the same. Why didn’t they? Because the short-term pain involved (or even merely predicted) might hurt them and/or the party (e.g. in midterm elections). In other words, they put their own status and power ahead of the country’s welfare. Trump, however, is a honey badger. And we all know what they say about honey badgers.
dont forget the msm is leading the hate against america first
Really, goes without saying by now.
plenty of so called “Im a fiscal conservative” blah blah blah voicing their opinions on their hate of the tariffs ( trump???)
its a no brainer that the american consumer HAS ALREADY BEEN PAYING THE TARIFF TAX via the globalists
BUTT NOWWWWW they are all up in arms over this tax …but accepted it when the globalists put it on the usa
AND WHAT ABOUT THE “UNION TAX”???
HOW MUCH EXTRA does the usa pay b/c of the min wage? the union contracts that are NOT MARKET DRIVEN that cause a real tax onto Americans
come on!!!!!
So when all of the low skilled jobs used to manufacture shoes, clothing and plastic crap move back to America, will prices be lower?
always depends on the market
people need cheap stuff too
and as you know when demand outstrips supply prices go up
we need to control manufacturing etc
buying minerals /weapons etc from those that vow to destroy us is never a good idea
Sure. So use targeted tariffs. That would make sense.
Absolutely they will be cheap than the fully priced in tariff rate being applied to imports.
Y’all seem to forget that it is kinda hard to be a consumer of any goods if you don’t have a job at all. Lots of.folks working crap device sector jobs with a side hustle who would love a stable, well paid job in a textile plant or light manufacturing. Those folks would then have $ in their pocket to buy other goods/service not to mention paying taxes of all kinds …then there’s the fact that the previously unemployed or under employed or lets.face it unwilling to get a job can be pushed off govt gravy train to take one of the new jobs.
@Stuytown – may I commend to you the discipline of the google ?
Search, and ye shall find that the US has skilled makers of footwear still practising their craft in the US …
And, while automation can do the unskilled stuff, we will still need people to build and maintain the automation, as well as people to train those who will run the machines …
Don’t forget REPAIRING the machines. These days, that’s where the big bucks are for small businesses. We can no longer make TVs like Admiral, or dryers like Speed Queen, or sewing machines like… pretty much anybody that used to make them with real metal parts. Or 1950s cars, which are still powering an entire island nation.
Your arguments cleverly avoid the supply/demand principle.
If plastic crap is really crap, consumers may decide to do without rather than pay extra. There would be no domestic demand, therefore no new Crap Factory. (We already have Spencer Gifts and Archie McPhee for that.)
I know DW buys a lot of plastic crap from Temu that is attractive ONLY because it costs under $1. If it cost more, she wouldn’t even think of buying it because she doesn’t really NEED it.
I myself sport a “Rajah ring” that amazed me when I first saw it. I thought was the most garish testament to excess and bad taste I’d ever seen. When I discovered it was selling for 89¢, I lobbied DW to put it in her cart. I wear it regularly, solely for the irony factor. But if it had cost $5, I would have felt no real need to indulge in the joke.
I wear footwear from Alden, White’s, and Nick’s. They’ll last me for decades and can be resoled and rebuilt over and over again. Make long-lasting American goods great again over disposable imported junk.
I understand negotiating tactics, I understand Trump waving tariffs to negotiate better trade relations. But his execution of this is awful. A key factor in successful negotiations is bargaining from a position of strength. It weakens our position significantly if our markets are crashing which will lead to recession. How many other countries are taking a wait and see right now, watching what happens to our economy and the political ramifications before they make trade concessions. They may well be thinking the longer they wait, the better their ultimate deal. I hope this works out, but even if it does, we will never know how much better it could have been with just a bit of finesse.
no it doesnt ( if our markets are crashing etc)
we are weaker b/c our unions drove our manufacturing overseas and the lefty agenda in the usa is to have min wage go to where the go NOT THE MARKET says it should go but to where the go says it should be
that destroys the middle class
Sell off is 2-3 things.
1. Well healed leftist money managers trying to generate panic, fear and hate.
2. Market manipulation – trust me that they know EXACTLY where the bottom is going to be and will be buying options big time.
3. A lot of emotion from those not in 1 & 2.
What YOU should be doing is
1. Nothing.
2. Convert your IRA to Roth
3. Buy options for 2027.
I think we’ve got a month or two of this market panic. But watch as those who depend on our trade come to the table.
Trump wins in either scenario.
A- they don’t come to the table and manufacturing returns to the US- and they lose their tariff money AND their production capacity.
B- they do come to the table and our products compete fairly in which case manufacturing returns and we have a truly open market globally.
This retaliatory tarriff BS hurts them more than it hurts us. We were already getting screwed and our products limited elsewhere.
Yes, I moved shares from my traditional IRA to Roth on Friday, may do some more as events unfold, unfortunately I’ll get killed by IRMAA if I do too much. Other than that, hanging tight.
In March of 2020, I did a huge on the Roth conversion and should have done more. It has more than paid for itself. I’m 15-20 years from tapping that money, so it will totally pay for itself.
Another thing I did in March of 2020 was go big on options. Again, I should have gone bigger because returns were anywhere from 30% to 900%. Even splitting a round lot in 2 and going deep in the money is a good idea for lower risk play. You double the return on the upswing.
We have been in a technical recession since at least 2020; we have just used pretty language to disguise it.
The market has been overheated and overblown for YEARS; why do you think Warren Buffet completely exited the market last fall? The correction was inevitable, and its better to see it early in the process than later. The sheer amount of government vapor money that was pumped into the economy and had no where to go but into Wall Street has been pinched off and the markets HAVE to adjust.
And the foreign markets are reacting much more violently than ours; the relative effect here is mild, not to mention the markets are not the whole of the economy. Our Main Street economy is showing strength; employment is up, wages are up slightly, energy prices are the lowest in 4 years, the rate of inflation is cratering, consumer confidence is up, small business confidence is up.
As to a position of strength vs. weakness, in a tariff war, the nation with a trade surplus is weakest and the most to lose. America has an enormous trade deficit; virtually anything we do will put us in a better position. And to those ill-informed folks who bleat Smoot-Hawley, THOSE tariffs were instituted when the Great Depression had already started and America was the one with the trade surpluses.
None of the expert talking heads WANT tariffs to be successful; it is likely certain that their personal fortunes are explicitly tied to the status quo, which all must admit has been great for the parasite class and an accelerating slide downward for everyone else.
“Finesse” in this context is meaningless; its an economic war between Trump and the globalists. Make no mistake. They will lie to you right up until they stick the shiv in your ribs.
You make some good points, we will see.
Solid points.
Spot on.
Spot on.
All the market brouhaha you see today is like panicking because a patient’s kidneys have started failing, when you don’t disclose that he’s been diabetic for 30 years and eats danish and ice cream for breakfast every day.
They have redefined lots of words since COVID, including the definition of vaccine and the definition of pandemic (it used to kick it when 5% of deaths are attributed to the virus/cause)
A decline in equity markets (overly inflated from ZIRP) isn’t a recession. Bond markets tell the tale and right now the rate on the ten year is declining, again. Which means people are demanding LESS in interest payments in return for holding US Gov’t debt. Better borrowers, the ones perceived as least risk get better rates. Sure some is flight to quality from panic …but the landing spot for their $ is the US Treasury Bond IOW the US Govt and it’s ability to repay based on the strength of the US economy is still perceived as THE safe haven.
Exactly. He could have gone country by country to exact concessions. And it would have worked.
Silly @Stuytown !
By doing what he did, saying what he is going to do and why and transparently, President Trump has made it impossible for the major media to concentrate on the country chosen first, to explain why the President is wrong …
Why do you think that the major media is fixated on driving the market down, rather than on specific countries ? As people see and learn more about the tariffs that were in place before January 20th, more and more of us understand how important that it is to restore essential fairness (within reason, not “equity”) to our US trade with other countries …
His very transparent method is forcing the hand of the major media – and they are currently very transparently trying to drive down the market … and, when they overreach enough, there will be some of the major media who will have chosen to profit off the crisis that they are trying to manufacture, and their buy/sell trail will give amply evidence for prosecution for manipulative trading or conspiracy or both …
It will be interesting to see the balance of politicians vs “journalists” who get caught doing it …
I do think some of Trump’s shock and awe approach is to keep the left’s narrative manufacturing process out of sync. We will see, I think the markets had already priced in “reciprocal” tariffs and those have broad support. But what he rolled out still troubles me.
I think his tactics are superb. He is attacking the Marxists on 20 different fronts at once, keeping them scrambling to react. The multi-city demonstrations a few days ago is the first reaction we have seen that has been anywhere near organized, and it’s being successfully deconstructed as total astroturf as we speak. The only effective resistance the left has cobbled up are the Obama judges. I look forward to whatever Trump’s decapitation stroke will turn out to be,
All at once was best method.
They are all screwing us. He’s given ALL of them the chance to be first in line to fix it.
10% for short term is nothing compared to the year over year screwing FJB has given us for the past 4 years, let alone the slow bleed to the US economy for the past 20.
Yes, he could have concentrated on China and the EU but that wouldn’t have been the shock that the system really needs. No more nibbling at the edges
Just today I’m seeing reports of stock markets around the world are crashing, so the US is not put at a disadvantage by the state of our stock markets as everyone is in the same boat. The US’s position of strength comes from it being the largest economy in the world. Will a tariff war (that seems less likely every hour) harm the US? Possibly. But if it harms us, what will it do to other countries that aren’t as well-positioned to absorb the blow?
No the sky isn’t falling. Don’t be a concern troll.
Our markets aren’t crashing generally. Our stock market price indices have fallen significantly. The meaning of that depends on the reason. In 1929 it was debt deflation and a hawkish Fed. Depression followed, as the Fed continued to be hawkish. In 1987 it was at least in part the Japan bubble popping. Some people lost money on stocks, but life continued just fine.
Too many things do the same thing as tariffs to sort it out. Currency exchange rates, for one; subsidies to your own industries so that they can sell cheaper; environmental laxity imposed on your own industries; low wage rates favoring your own industries.
A lot of these are perfectly good economic policies, indeed covered in the ancient theory of comparative (not competitive) advantage, where it makes sense for one country to do one kind of thing and import other needs bought with proceeds from sales abroad. Tariffs are just substitutes or countermoves from all of these.
One of the dastardly things countries can do is export unemployment. You go idle while we work.
One thing countries can do is print their own currency and buy dollars with it. I think that settles out as a trade advantage.
VAT is brought up as a trade tool but it’s not. It’s a local substitute for an income tax, which the US counters with an actual income tax. The foreign nation does not charge VAT on exports, which makes them cheaper than at home. But the US buyer pays the same tax as an income tax.
And the foreign buyer pays the same VAT rate on US goods as he does on domestically produced goods.
Few excel at being wrong as well as you.
What was wrong about his post?
how come trumps admin has to claim a recession when the msm an the fjb admin said
we arent going to call this a recession b/c things are looking better
f the left!!
Because the public did not give a flying F what the media called it they voted against that administration.
The economy is in decline in direct reaction to a decision of the Trump administration.
If economic decline had been deliberately engineered by anyone else you would not be defending it.
what economic decline?
the stock market?
markets go up and down
and we invest when they go down
what /whose advice are YOU FOLLOWING??
I understand the necessity of entering a tunnel if I can see a light at the end of it.
Biden’s tunnels just got deeper as they got longer.
There is no evidence that Trump’s threatened tariff war has caused a “decline” in our economy. Indeed, there are indicators to the opposite.
BTW, stock markets are not the economy.
How is the economy in decline? The latest job numbers are above expectations, inflation is down etc etc
The stock market is not the economy
By the way to all of the idiots who think tariffs are wonderful
We are running a trillion dollar deficit due to SOCIAL SECURITY AND OTHER PROGRAMS TRUMP PROMISED NEVER TO TOUCH (and frankly I saw all of you attacking Ron DeSantis for wanting to reform social security to save it so no bs about how you all wish for it to be reformed).
The reason we could run that trillion dollar deficit and not be bankrupt is WE ARE THE RESERVE CURRENCY.
The number of Greeks, Poles, Indians, French, Germans, Italians, Japanese or any other non-Americans who want to lend us money at favorable rates to allow us to maintain social security as is……..lets just say finding such a person is so challenging Sherlock Holmes would fail to find him/her.
We are running a $2 trillion deficit, in peak economic times.
And Trump isn’t touching Social Security retirement or Medicare, just as promised. With the money saved by DOGE, that picture will look better and you can show your gratitude to them for saving Social Security (but you won’t.)
Capitalism by the way was cancelled or at least suspended in the Republican party.
“A rising tide floats all boats” to “MUHHHHHH TRADE DEFICITTTTT!!!!!!!!!!!!”.
The decline of the midwest by the way was caused by the rise of the South which was an utter garbage heap during the supposed golden age and is not a major manufacturing hub (which it was most definitely not before).
agree that the gop has joined with the left on fiscal policies to our detriment
What is this ‘capitalism’ of which you speak? It hasn’t existed in the USA for well over 100 years.
The decline of the midwest / rust belt is more significantly caused by Reagan letting our companies and jobs go to Japan. Yes a Republican, but Reagan was bad in many ways.
People say “Trump is no Reagan” and I agree. Trump is much better. He’s not doing anything stupid.
One interesting thing I am noticing about the world economy. If I want to buy tires made here, I must go to a Japanese-, German-, or French-owned company in order to do so. If I want to “buy ‘muricun” brands, I get tires from Brazil, Chile, Indonesia, or other such places.
My Subaru was made in Indiana. I’d rather have that than a Chinese Buick or Lincoln.
This should become more apparent once the “American” tires go up in price due to tariffs and the “foreign” ones don’t. All you have to do is keep optimizing your cost vs. quality tradeoff and Trump does the rest.
Some people are so incredibly stupid–
““Dropping tariffs bilaterally between the US and the EU most definitely would be the best outcome. Having cheaper trade between those two economies would benefit both of them, whereas the flip side, if we have tariffs, 20% on each side, that increases costs for both sides. Import tariffs are an import tax that can be lowered very quickly, very easily.””
Zero tariffs, i.e. free trade are the best outcome.
But completely reciprocal tariffing is the same thing.
If everyone is ‘charging’ everyone tariffs at the same rate the market will adjust until the tariffs functionally disappear and the tariffed baseline becomes the new ‘zero’ because the reciprocity renders the tariffs moot.
The governments come out equal… but the consumers sure don’t.
Yes, though with tariff barriers applied the consumer would have a manufacturing job to provide domestic alternatives to those now high cost imports placed under tariffs and more $ in their pocket to fund their own purchases.
The governments collect tariffs which Trump says can substitute for income tax. We’ve done it before so I’d like to see how it works out. Globalization declines, which I won’t miss much, and income taxes also decline, which is important.
There are a lot of non-tariff trade barriers that need to end
There is manufacturing that has to be brought back to this country regardless of whether it is tariff driven or not, Medical drugs and supplies, semiconductor chips, and military related products have to be made in this country in substantial amounts, Not doing so is a national security risk and makes us vulnerable to blackmail (by china),
exactly
and since leftists and gop have consistently had the courage of stuffed toys and did nothing to keep america great
we now must maga
and we cant be the slaves that the left wants us to be so we must do as your post states
Is Trump’s issue with the EU tariffs, subsidies, or both? If it’s the latter two rather than the first, then simply dropping tariffs won’t solve the problem.
While America doesn’t have a trade deficit with all European nations e.g. the UK – not part of the EU, Spain, Netherlands, or Poland, America imports about 30% more than it exports to Europe. While the discrepancy isn’t as bad as to Asia, it’s not the positive that trade with Oceania is, though Trump has imposed tariffs against them too.
They need US production a lot more than we need BMW’s. And tariffs on car imports can substitute for some income tax.
Keep the tariffs. EU should have offered this long ago. We can’t just wipe the slate clean now.
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