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Trump says EU must buy $350B of US energy to get tariff relief (www.politico.eu)

submitted 6 days ago by [email protected] to c/[email protected]

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Summary

Trump has rejected the EU's "zero-for-zero" tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.

Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his "America First" stance.

He also criticized EU product standards as "non-monetary barriers" designed to block American exports.

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[–] [email protected] 5 points 5 days ago* (last edited 5 days ago) (1 children)

There is zero chance that tariffs will go away by trump's own actions in the short term. He's committed to using them as the method of paying billionaires off with their tax cuts that have us very underwater right now.

The trade deficit is just some smoke and mirrors that they are using to say "look how unfair they are!" and to decline any rational negotiations for free trade.

he might make short term pauses especially if he will get something from it for his buddies, but he's not looking to use any other revenue strategy. He's there to cut anything going to people who don't vote for him or pay him (don't forget that the billionaires all just kissed the ring with 1M for his inauguration party.) He's just going to keep the trump sales tax strategy as his method of enriching the wealthy. Life is cheap when you make vast in excess of the taxed bare necessities with interest or dividends alone.

[–] [email protected] 1 points 5 days ago* (last edited 5 days ago)

There is zero chance that tariffs will go away by trump’s own actions in the short term. He’s committed to using them as the method of paying billionaires off with their tax cuts that have us very underwater right now.

Other than those same oligarchs metaphorically smacking him in the back of the head for crashing thier stock market and risking a depression.

At this point, they would have cost them less to elect Harris and pay the taxes.