this post was submitted on 27 Mar 2025
78 points (98.8% liked)

Economics

700 readers
116 users here now

founded 2 years ago
78
Trump threatens 'far larger' tariffs if EU and Canada unite to do 'economic harm' to the U.S. (www.cnbc.com)
submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]
16 comments fedilink hide all child comments
 

Summary

Trump threatened "far larger" tariffs on the EU and Canada if they unite to harm the U.S. after announcing a 25% tariff on foreign-made cars and parts, effective April 2 and May respectively.

The tariffs aim to boost U.S. car production but may inflate prices by $5k-$10k per vehicle, harming both U.S. and foreign automakers.

Canada condemned the move as a "direct attack," while the EU signaled potential retaliation.

Global markets reacted negatively, with car stocks dropping amid fears of escalating trade tensions.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 week ago

Canada-EU please please please do as much harm to the US as possible. The only way we can come out of this better is to make the morons, both the voter and nonvoter, who did this to us suffer as much as possible so they can see Shitler and Muskalenni for what they are. Make us suffer.