Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.
Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”
In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”
Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.
“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.
It’s nuts that the markets still react to this clown.
By now I would have expected them all to catch on that he is simply a 14 year old internet troll from a YouTube comment section in the body of a dehydrated Ipomoea batatas full of alternaria.
The things he does (or does not do) will keep changing and being wild. Price that in already.
Sounds like that PoS is going to tank the markets again so his billionaire donors can rake in more of our money. Then he will say there was beautiful talks-- of which there wasn’t-- and then say something stupid like we negotiated and I won, 10% tarrifs, I am so gud at this!
Fucking grifting all the way down.
Like the pigboy he is, he can’t help but put his finger on the scale.
Oh no! Anyway…
I would have thought by now even the most financially illitterate americans would have had how tariffs work and impact them explained by now, but people still arent rioting that he is taxing the ever-loving shit out of his own people? (And destroying the USAs global economic power in the process)
“You better give me what I want or I’ll shoot!” He said, his gun aimed squarely at his own foot.
So, another stab at market manipulation?
Do it bitch
OK Trump, but while you are trying to figure out what the most scary import tax is, and destroying American business globally, we are working on getting rid of American services and weapons. And China is now a less unpopular trading partner than USA in EU!!
We shall see who wins in the long run…
China is winning without doing anything
They worked out that “The Art of the Deal” means “agree to my deal right now, or I will shit the bed”.
If you just don’t get in the bed you’re fine.
I agree, China is probably the biggest winner in this.
Makes sense, considering Taoism comes from China. The philosophy is “wu wei”, which essentially means, “Action without Action.”
I think here we call it. “Don’t interrupt your enemy when he is busy destroying himself.”
Pretty sure that’s a French thing (Napoleon), but maybe you’re French and that’s what you mean by “here.”
Sun Tzu also said something similar before Napoleon (Art of War, Ch 4-2):
To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.
Here is “the west”.
Maybe Napoleon said it first IDK. I’m from Denmark, but I heard it from Americans.
He’s gonna be dead soon enough one way or another. He doesn’t give a fuck about the future. He’s just trying to profit as much as he can right now.
Trying to fight the EU in a trade war is truly mud wrestling a pig.
Did you know that before Trump started this, the average tariff in EU on American goods was about 1%?
So the question is why the fuck Trump really did this? Except we already know, the plan was to use tariffs as the main taxation income for government, and give extreme tax cuts to the rich.
Trump is trying to be clever, to benefit himself and those that bribe him. But he is really stupid, and after he is finished everybody will be worse off.
I thought everyone was dying to make a deal with you Orange?
“I’ve made 200 deals.”
Then people pointed out that’s more deals than there are countries, then he started whining about how no one would make a deal with him. And now I think he made one deal with the UK, which he’ll probably go back on next week.
UK just made a deal with EU including foods. This will make a chlorinated American chicken deal impossible. So I bet Trump could be pretty pissed about that if anybody tells him.
He’d be pissed off constantly if he could read
Trump doesnt understand that a deal should benefit both partners, not just him.
“The EU is so difficult”… Lols.
So, Trump sorted a bunch of Ero stocks then annoined this ?
TACO trade
EU not bowing to the US king?
oh noes
who could’ve guessed
Just remember that some important projects are tittering on bankruptcy and success and are depending on collaboration with EU. If the tariffs affect the final cost, then the projects will fail. Simple as that. And you won’t get your IPod nano for Christmas.
All of these tariff wars are so depressing to all of us just trying to get cool stuff made.
Further distancing us from that bin-fire? Oh no. How awful.
