A key plank of the Republican candidate's economic agenda is the imposition of tariffs on imports in a bid to protect US industry and manufacturers.
  • gravitas_deficiency@sh.itjust.worksEnglish
    33·
    5 months ago

    So uh… this is how he reacts when Bloomberg specifically calls him out on his bullshit in an interview?

    Fascinating. He’s going to turn off all the big money donors with this shit. He’s essentially proposing to crater the US (and by extension, the world) economy.

  • someguy3@lemmy.worldEnglish
    171·
    5 months ago

    *Huh I was wrong, there is a trade deficit with the EU. What the hell does the US buy from EU?

    **Top 3 goods that the EU imports from the US:

    Natural gas
Petroleum oils and crude
Medicinal and pharmaceutical products

    Top 3 goods that the EU exports to the US:

    Medicinal and pharmaceutical products
Medicines
Motor cars and motor vehicles

    Source: European Commission

    https://www.consilium.europa.eu/en/infographics/eu-us-trade/

    • InverseParallax@lemmy.worldEnglish
      3·
      5 months ago

      Cars, and wegovy/all those weight loss drugs, also many of the main covid vaccines.

      Novo nordisk has been a massive windfall for Denmark.

    • barsoap@lemm.eeEnglish
      2·
      5 months ago

      That’s kinda misleading because those are all commodities, at least broadly speaking. You can get that stuff anywhere.

      The actual nuclear option is denying the yanks all those products that hidden champions produce, that you can’t get anywhere else, where the situation is very one-sided.

      Last time around though it sufficed to do targeted sanctions, seemingly nonsensical stuff like motor cycles and peanut products. See you have a look at where Trump’s backers have their electoral districts, what they produce and let’s just say Harley-Davidson still hasn’t recovered and the peanut butter I buy in the supermarket down the street is still from the Netherlands. They switched suppliers back in the days and apparently saw no reason to switch back.

  • Docus@lemmy.worldEnglish
    151·
    5 months ago

    Build a wall around the US. We’ll pay, the amount of stupidity leaking out is problematic. (Apologies to the sensible and nice people that live there)

  • DandomRude@lemmy.worldEnglish
    7·
    5 months ago

    Trump and all those who vote for him are aware that China is one of the most important sales markets for the EU, right?