Trump has already changed his mind on the 50% tariff. There's no tariff now. Art of the deal.
Trump Threatens the EU with 50% Tariffs
- Thread starter Zincwarrior
- Start date
Trump has already changed his mind on the 50% tariff. There's no tariff now. Art of the deal.
dudmuck
Diamond Member
The left still can’t meme.
He's just the typical Trump NPC that comes into a conversation he knows nothing about but pretends to and then proceeds to call everyone else an idiot for not knowing the thing he can't cite.
Trade imbalance is not something that needs to be "fixed." When you go out to eat at a bunch of restaurants, do you later come back and tell the owners of each one that they're ripping you off because they didn't buy anything from you in return? Do you go around demanding that Walmart and Best Buy must equalize their trade imbalance with you since you buy so much stuff from them? That's some brain dead logic from the mind of none other than the dumbest mofo to ever sit in the oval office, so what does that make you when you go around repeating it?
That's not true. The article is from March....
--------------------------
President Donald Trump has announced a "reciprocal" 20% tariff on EU goods entering the US, claiming the 27-country bloc is "ripping America off" by charging a 39% levy on US products entering its market.
"They charge us 39%, we’re going to charge 20% – so we're charging them essentially half," Trump claimed as part of his sweeping "Liberation Day" announcement on Wednesday.
But does the EU really slap a hefty tariff on US goods, and if it doesn't, how has that rate been calculated?
The EU does not impose a 39% tariff on US goods
Available evidence shows that the real EU tariff rate is nowhere near the 39% mark.The European Commission says it charges an average tariff of just 1% on US products entering the EU market, "considering the actual trade in goods". It adds that the US administration collected approximately €7 billion of tariffs on EU products in 2023 compared to the EU's €3 billion on US goods.
A World Trade Organisation (WTO) estimate puts the average tariff rate on US products entering the EU slightly higher at 4.8%.
In both cases, this is far off the 39% figure quoted by the Trump administration.
"It is not factually correct to say that the European Union imposes tariffs of 39% on the US. On the contrary, it's a nearer 3%," Andrew Kenningham, Chief Europe Economist at Capital Economics, told Euronews, putting the rate somewhere in between the Commission's and WTO's estimations.
"(The Trump administration's) methodology, to the extent that there is one, is neither credible nor justified to arrive at these numbers," a senior EU official told reporters on Thursday morning.
The US administration, however, points to an unfair "asymmetry" in certain tariff rates. For example, the EU applies a 10% tariff on US car imports, while the US charges just 2.5%.
Brussels says, however, that this fails to consider the fact that the US imposes a 25% tariff on EU-made pickup trucks, which are a favourite among US consumers and account for "about one third of all vehicle sales".
Fact check: Are Donald Trump's tariffs on the EU really reciprocal?
Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure. #EuroVerify
www.euronews.com
eagle1462010
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eagle1462010
Diamond Member
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Apples to Oranges.
Last time I went to Restaurant they were Magically ALL IN THE U.S. Imagine that?
Money Circulation is better in OUR COUNTRY when we produce it here. Creates jobs, spending, and economic growth. Being the end seller is minimal on money circulation.
eagle1462010
Diamond Member
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https://www.wto.org/english/res_e/statis_e/daily_update_e/tariff_profiles/E28_e.pdfThat's not true. The article is from March....
President Donald Trump has announced a "reciprocal" 20% tariff on EU goods entering the US, claiming the 27-country bloc is "ripping America off" by charging a 39% levy on US products entering its market.
"They charge us 39%, we’re going to charge 20% – so we're charging them essentially half," Trump claimed as part of his sweeping "Liberation Day" announcement on Wednesday.
But does the EU really slap a hefty tariff on US goods, and if it doesn't, how has that rate been calculated?
The EU does not impose a 39% tariff on US goods
Available evidence shows that the real EU tariff rate is nowhere near the 39% mark.https://www.wto.org/english/res_e/statis_e/daily_update_e/tariff_profiles/E28_e.pdf
The European Commission says it charges an average tariff of just 1% on US products entering the EU market, "considering the actual trade in goods". It adds that the US administration collected approximately €7 billion of tariffs on EU products in 2023 compared to the EU's €3 billion on US goods.
A World Trade Organisation (WTO) estimate puts the average tariff rate on US products entering the EU slightly higher at 4.8%.
In both cases, this is far off the 39% figure quoted by the Trump administration.
"It is not factually correct to say that the European Union imposes tariffs of 39% on the US. On the contrary, it's a nearer 3%," Andrew Kenningham, Chief Europe Economist at Capital Economics, told Euronews, putting the rate somewhere in between the Commission's and WTO's estimations.
"(The Trump administration's) methodology, to the extent that there is one, is neither credible nor justified to arrive at these numbers," a senior EU official told reporters on Thursday morning.
The US administration, however, points to an unfair "asymmetry" in certain tariff rates. For example, the EU applies a 10% tariff on US car imports, while the US charges just 2.5%.
Brussels says, however, that this fails to consider the fact that the US imposes a 25% tariff on EU-made pickup trucks, which are a favourite among US consumers and account for "about one third of all vehicle sales".
Fact check: Are Donald Trump's tariffs on the EU really reciprocal?
Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure. #EuroVerify
37.5% on dairy, average 42.2% on dairy.
Cotton only Duty Free to EU at 100%
Free Trade is a LIE
Free trade is no tariffs at all, I suppose?
You can't pick and chose like that to get the overall picture and results...As example we charge a 25% tariff on EU Trucks so there are things we set high, as they do....
we collect more tariffs on the EU than they do, on us....and tariffs on us by the EU ends up at 3%-5% overall.... Which is just fine and dandy as it is....imo.
eagle1462010
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Its 10% on Auto, You dont see that many American autos there. See tons here.
They tariff our products.
Only thing NOT IS COTTON Because they arent farming it.
They do. But we do also.
Fake News. Your own article admits President Trump’s numbers are correct. He just uses a different method to calculate the numbers. Of course the Euros are going to complain about it. For example they do not include hidden costs and fees like “environmental” charges or their enormous VAT tax.That's not true. The article is from March....
--------------------------
President Donald Trump has announced a "reciprocal" 20% tariff on EU goods entering the US, claiming the 27-country bloc is "ripping America off" by charging a 39% levy on US products entering its market.
"They charge us 39%, we’re going to charge 20% – so we're charging them essentially half," Trump claimed as part of his sweeping "Liberation Day" announcement on Wednesday.
But does the EU really slap a hefty tariff on US goods, and if it doesn't, how has that rate been calculated?
The EU does not impose a 39% tariff on US goods
Available evidence shows that the real EU tariff rate is nowhere near the 39% mark.
The European Commission says it charges an average tariff of just 1% on US products entering the EU market, "considering the actual trade in goods". It adds that the US administration collected approximately €7 billion of tariffs on EU products in 2023 compared to the EU's €3 billion on US goods.
A World Trade Organisation (WTO) estimate puts the average tariff rate on US products entering the EU slightly higher at 4.8%.
In both cases, this is far off the 39% figure quoted by the Trump administration.
"It is not factually correct to say that the European Union imposes tariffs of 39% on the US. On the contrary, it's a nearer 3%," Andrew Kenningham, Chief Europe Economist at Capital Economics, told Euronews, putting the rate somewhere in between the Commission's and WTO's estimations.
"(The Trump administration's) methodology, to the extent that there is one, is neither credible nor justified to arrive at these numbers," a senior EU official told reporters on Thursday morning.
The US administration, however, points to an unfair "asymmetry" in certain tariff rates. For example, the EU applies a 10% tariff on US car imports, while the US charges just 2.5%.
Brussels says, however, that this fails to consider the fact that the US imposes a 25% tariff on EU-made pickup trucks, which are a favourite among US consumers and account for "about one third of all vehicle sales".
Fact check: Are Donald Trump's tariffs on the EU really reciprocal?
Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure. #EuroVerify
For example a Ford Mustang Dark Horse costs $63,000 here in the US. In Germany it costs 110,000 Euro, plus a 10,000 fee for being a V8. This comes out to about $136,000 US dollars.
I lived in Europe for over 6 years and saw exactly how outrageously expensive it was for US vehicles to be sold there which is why no one there drives any.
eagle1462010
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And? Are they protecting their jobs or ours?
Tommy Tainant
Diamond Member
The issue is that trump and the donor elites are making money out of the turmoil.
But people are becomong immune to the nonsense. Its become boring.If you sit tight he eill change his minds by next week.
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All of the arguing means nothing.
By the middle of summer we see how much problem this administration is in, if any.
By the middle of summer we see how much problem this administration is in, if any.
eagle1462010
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Aka mrans you dont know
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It means we will know much more in summer, bud.
Mac1958
Diamond Member
Hell, he's even threatening individual American companies.
This is not capitalism, MAGA. If you think it is, you're even more ignorant than I thought.
This is not capitalism, MAGA. If you think it is, you're even more ignorant than I thought.
martybegan
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Are you really comparing global trade to ordering a blooming onion from Outback Steakhouse?
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