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50% tariffs on EU starting June 1
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Started by metmike - May 23, 2025, 8:13 a.m.
https://www.marketforum.com/forum/topic/112084/
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https://www.marketforum.com/forum/topic/112084/#114189
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https://www.marketforum.com/forum/topic/112084/#114295
50% tariffs on EU starting June 1
By metmike - July 20, 2025, 1:50 p.m.
Months of Trump’s tariffs are shifting supply chains and diplomatic ties
CEOs and foreign leaders are scrambling to figure out new rules for global commerce
https://www.washingtonpost.com/business/2025/07/20/trump-tariffs-global-economy-impacts/
https://www.washingtonpost.com/donald-trump/
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metmike, July 20, 2025: This is an America LAST policy. Foreign countries are abandoning long term relationships and isolating/replacing the United States with new relationships.
Tariffs are and will be doing the exact opposite of what Trump claims they will do. They are REDUCING America's ability to sell products to foreign countries. Some of those losses, like in soybean sales to China in 2025 have been lost forever(replaced by Brazil). Those can recover if/when the TACO(Trump Always Chickens Out) man changes his mind, AGAIN after XXX amount of damage. However, the world knows that Trump is mentally unstable and it is shifting relationships to countries with stable leaders and dependable demand/supply chains.
Wouldn't you do the same thing??
If you had a business, would you try to increase sales by advertising a 20% or 50% increase in the price of your product?
Of course not! People would find other places to buy what you're selling. That's what Trump is doing because he isn't capable of understanding the basic principles of global trading between countries. He just sees tariff money(that comes from US companies and US consumers) and is obsessed with control because of his pathological thinking. He declares a victory from a resounding defeat because his mind is convinced that he is omnipotent and everything he does is infallible.
Countries around the world are looking for ways to minimize their exposure to this dangerous man. .............which is putting the United States LAST.
Unfortunately, he may wait until even more damage is done to lift the tariffs and declare they did what he intended them to do. He's so delusional and unpredictable that he could keep this nonsense going even longer than expected.
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5 things to know about tariffs and how they work
https://www.pbs.org/newshour/economy/5-things-to-know-about-tariffs-and-how-they-work
There’s much misinformation about who actually pays tariffs
Trump is a proponent of tariffs, insisting that they are paid for by foreign countries. In fact, it is importers — American companies — that pay tariffs, and the money goes to the U.S. Treasury. Those companies typically pass their higher costs on to their customers in the form of higher prices. That’s why economists say consumers usually end up footing the bill for tariffs.
