The US president added that he "can do anything I want" with Brussels' $600 billion worth of pledged investments

cross-posted from: https://lemmy.zip/post/45601379

The US president added that he “can do anything I want” with Brussels’ $600 billion worth of pledged investments

Archived version: https://archive.is/20250805165341/https://www.euractiv.com/section/politics/news/trump-threatens-eu-with-35-tariff-if-investment-pledge-falls-through/

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  • ℍ𝕂-𝟞𝟝@sopuli.xyzEnglish
    9·
    4 days ago

    I don’t even know what would “fall through”. The EU basically agreed to change nothing big, and the US also didn’t change anything big.

    The EU said they agree to a 15% tariff ceiling, which actually reduced some existing tariffs even from pre-Trump levels, with some goods being stuck to the pre-negotiated most favoured nation levels, so lower than 15%. In exchange, Europe lowered some tariffs of its own, and not to tariff digital goods.

    The whole “we’ll pay 600 billion” was just a projection that they showed Trump, we still have a free market and stuff, asking for investments from the private sector from the EC is like asking them for more sunshine and less rain. They are not the people who decide that in any case.

    Unlimited trade war between the EU and the US would implode the world economy, so I don’t know what cards Trump thinks he holds.