Trump Threatens the EU with 50% Tariffs

Zincwarrior

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In Today's bouncy bouncy, Trump threatens the EU with 50% tariffs. Markets are of course, tanking again.

President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.

The steep new import duties would start on June 1, Trump wrote on Truth Social.




The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”

Trump’s announcement came less than 30 minutes after he threatened to impose a tariff of at least 25% on Apple if the company does not start manufacturing iPhones in the United States.

U.S. stock futures sank immediately following the posts, which showed the Republican president once again wielding the threat of massive import taxes in response to economic activity he disfavors. European stock markets fell 2%.

The posts tee up a potentially tense exchange between U.S. Trade Representative Jamieson Greer and his European counterpart later Friday. Greer is expected to tell European Trade Commissioner Maros Sefcovic in a meeting that Brussels’ latest moves in the ongoing trade talks falls short of U.S. expectations, the FT reported.
 
How are the markets "tanking"
  1. DJIA Falls 0.003% to 41859.09 — Data Talk - Morningstar

    16 hours ago · The Dow Jones Industrial Average is down 1.35 points or 0.003% today to 41859.09 --Down for three consecutive trading days --Down 932.98 points or 2.18% over the …

  2. Global web icon TRADING ECONOMICS
    https://tradingeconomics.com › indu:ind

    United States Stock Market Index (US30) Index Price - TRADING …

    Prices for United States Stock Market Index (US30) including live quotes, historical charts and news. United States Stock Market Index (US30) was last updated by Trading Economics this …


    I don't think it is tanking, but a poor way to end a so so week.
 
  1. DJIA Falls 0.003% to 41859.09 — Data Talk - Morningstar

    16 hours ago · The Dow Jones Industrial Average is down 1.35 points or 0.003% today to 41859.09 --Down for three consecutive trading days --Down 932.98 points or 2.18% over the …

  2. Global web icon TRADING ECONOMICS
    https://tradingeconomics.com › indu:ind

    United States Stock Market Index (US30) Index Price - TRADING …

    Prices for United States Stock Market Index (US30) including live quotes, historical charts and news. United States Stock Market Index (US30) was last updated by Trading Economics this …


    I don't think it is tanking, but a poor way to end a so so week.

Wow, the markets fluctuate, ITS THE END OF THE FUCKING WOOOOORRRRLLLDDDD

They have also been open for less than an hour.
 
Wow, the markets fluctuate, ITS THE END OF THE FUCKING WOOOOORRRRLLLDDDD

They have also been open for less than an hour.
Grow up, Marty.

Yes, people are losing money today because the President runs his mouth.

He knows what he is doing.

Why he is hurting Americans when he does not need to is beyond me.

He is an asshole, period, a Danila Krasnakov.

While this does not affect me at all except as up and down numbers, it does hurt many people.
 
Grow up, Marty.

Yes, people are losing money today because the President runs his mouth.

He knows what he is doing.

Why he is hurting Americans when he does not need to is beyond me.

He is an asshole, period, a Danila Krasnakov.

While this does not affect me at all except as up and down numbers, it does hurt many people.

The market recovered from your April doom and gloom.

He's trying to fix decades of trade imbalance and economic suicide.
 
See, THIS is the basic problem with you imbeciles.....you get ALL your info from CNN, never bothering to research for yourselves and there you are...in idiotville.

Spoon feeding morons is an exercise in futility
Sophistry. Please cite the 50% tariffs that the EU has on the US.
 
The market recovered from your April doom and gloom.

He's trying to fix decades of trade imbalance and economic suicide.

With much loss of money, I might add, like today.

Only Trump's actions are leading to economic suicide.
 
See, THIS is the basic problem with you imbeciles.....you get ALL your info from CNN, never bothering to research for yourselves and there you are...in idiotville.

Spoon feeding morons is an exercise in futility
Don't deflect. What are the EU's tariffs on the US. Just answer the question.
 
Please cite the 50% tariffs that the EU has on the US.
Please try to stay on your own topic. As you know, Trump's tariff announcements are a negotiating tactic for better trade deals. The bed wetters who drive down stock prices merely create buying opportunities for others. But the ensuing volatility does drive up Treasury yields, so please stop overreacting to every news headline.
 

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