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.

  • mumblerfish@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    7 hours ago

    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?

    • shalafi@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      6 hours ago

      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?