this post was submitted on 09 Apr 2025
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The EU has agreed to impose retaliatory tariffs on €21bn (£18bn) of US goods, targeting farm produce and products from Republican states, in Europe’s first act of retaliation against Donald Trump’s tariffs.

The EU plans to introduce 25% tariffs on scores of goods from almonds to yachts, with the first duties being collected from 15 April, while the bulk apply from 15 May and the remainder from 1 December.

In a statement confirming the favourable vote by EU member states, the European Commission said: “The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy.”

The tariffs include US soya beans, grown abundantly in Louisiana, the home state of the House of Representatives speaker, Mike Johnson.

Ahead of the vote, analysis of the leaked list of customs codes by Politico found that EU duties would hit up to $13.5bn (£10.6bn) worth of exports from red states, including beef from Kansas and Nebraska, cigarettes from Florida and wood products from North Carolina, Georgia and Alabama.

The EU is facing calls to target US tech firms or banks in future retaliation, a potent but politically explosive target, as the US runs a €109bn (£94bn) trade surplus with the EU in service industries.

The outlook for negotiations is uncertain, amid questions over whether Trump’s goal is to create leverage over other countries – suggesting tariffs could be rolled back – or to raise revenues and reindustrialise the US, which points to their longevity.

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[–] Sirus@lemm.ee 32 points 8 months ago (1 children)

Good thing I don't like almonds. Too bad about my yatcht ambitions tho. Oh well, maybe I'll switch to a helipoopter

[–] A_norny_mousse@feddit.org 12 points 8 months ago (2 children)
[–] Sirus@lemm.ee 6 points 8 months ago* (last edited 8 months ago)

I dunnoooóoo.... American helipoopters are bigly the crashiest!

[–] huppakee@lemm.ee 2 points 8 months ago

Thanks, can you also recommend good almonds while you're at it?

[–] Fedizen@lemmy.world 29 points 8 months ago (2 children)

I mean they could go 250% on the yachts

[–] ByteJunk@lemmy.world 14 points 8 months ago (1 children)

25% on tech services is where you'll see America panic.

[–] BaconIsAVeg@lemmy.ml 4 points 8 months ago (2 children)

How? Most multi-national companies are invoicing locally, or at least regionally.

[–] ByteJunk@lemmy.world 1 points 8 months ago (1 children)

They are subsidiaries of US companies. You draft a list of wholly or majority US owned tech subsidiaries, and you tax them out of the wazoo, done.

I'm sure tax and trade experts can come up with better approaches.

[–] BaconIsAVeg@lemmy.ml 1 points 8 months ago (1 children)

And now we're even further into fantasy land. Governments don't make tax laws targeting specific individuals or companies, you don't want them to do that. They don't target Bill Gates and Jeff Bezos, they target yacht sales and capital gains.

God I love the "it's so easy!" crowd.

[–] ByteJunk@lemmy.world 1 points 8 months ago

And I love impotent people.

Governments can and do target individuals, see sanctions on russian oligarchs. How is your memory so bad?

Plus, new tax rules are drafted every single year, to encourage or slap down specific stuff, why you acting like it's impossible when it's not even rare?

[–] huppakee@lemm.ee 1 points 8 months ago (3 children)

But they still 'import' the provided service. I wonder if they can actually manage to get a company like netflix to pay import duties on foreign (read: us) made content, but if they find a way we're talking about a serious amount of money.

[–] Fedizen@lemmy.world 4 points 8 months ago

A tax on tech services would crush the US economy. And to be honest, every country should be taxing outside tech services - its a substantial risk to just hand out that data to foreign corporations and a substantial risk of lock in.

[–] BaconIsAVeg@lemmy.ml 2 points 8 months ago (1 children)

It doesn't work like that though. I (Netflix USA Ltd.) do hereby grant a license to you (Netflix Ireland Co.) for my complete catalog for $0/year. You're not even charging people to watch my content, it comes free with their monthly subscription. If you want to advertise your service just buy some impressions from Facebook UK. All hosted by AWS in the EU.

I'm sure there must be some taxable services, I just can't think of any examples, and I'm pretty sure it's not the people that you're thinking of.

[–] WalnutLum@lemmy.ml 3 points 8 months ago

Yea it's a better position to try and take them on IP control.

I assume deals like this go out the window if they also mean Netflix Ireland can't take Irish people to court for copyright infringement.

[–] wewbull@feddit.uk 1 points 8 months ago (1 children)

No physical good crosses a border, which is the point when a tariff has to be paid normally. The cargo isn't allowed into the country unless the tax is paid.

[–] Fedizen@lemmy.world 1 points 8 months ago

Internet sevice providers could easily be roped into policing this. If you have a website with a paid service you can charge them a fee based on their monthly rates or the ISP gets a shutout notice for your business. You could even compel visa and mastercard to snitch on their accounts to get accurate subscription numbers without hassle.

[–] slaneesh_is_right@lemmy.org 4 points 8 months ago (1 children)

They could shoot a guy in the face who places an order for a yacht for all i care.

[–] Fedizen@lemmy.world 1 points 8 months ago

Good odds that guy is going to be an assistant or something.

[–] Taleya@aussie.zone 23 points 8 months ago (1 children)

Stop fucking around and go for the tech

[–] Obi@sopuli.xyz 3 points 8 months ago

I think that one's coming as retaliation to the flat 20% so in like a month or three.

[–] A_norny_mousse@feddit.org 14 points 8 months ago (4 children)

Oh no! Anyhow, is there nothing coming from the US that startz with Z?

[–] Revan343@lemmy.ca 16 points 8 months ago

Zionism, but the EU doesn't really need any more of that

[–] floofloof@lemmy.ca 9 points 8 months ago* (last edited 8 months ago)

All the US horse exporters are busily painting stripes on their animals right now.

[–] Darkassassin07@lemmy.ca 6 points 8 months ago

All those US zebra exports...

[–] ceenote@lemmy.world 6 points 8 months ago
[–] x00z@lemmy.world 11 points 8 months ago
[–] Freshparsnip@lemm.ee 10 points 8 months ago (1 children)

Aw man, I was gonna buy a yacht from Europe

[–] B0rax@feddit.org 6 points 8 months ago (1 children)

If you are in the US: that is not how it works. US yachts will become more expensive in Europe. Not the other way around.

[–] Freshparsnip@lemm.ee 2 points 8 months ago (1 children)
[–] huppakee@lemm.ee 3 points 8 months ago (1 children)

Unless the Canadian government put a tariff on US/EU yachts they're still as cheap as ever.

[–] Freshparsnip@lemm.ee 1 points 8 months ago (2 children)

What if I want to go to Europe and buy an American yacht?

[–] huppakee@lemm.ee 3 points 8 months ago

20% less cheap, unless you go to a European country that is not in the EU and that country didn't put a tariff on US yachts.

[–] B0rax@feddit.org 2 points 8 months ago

Then good luck bringing it across the pond I guess.

[–] anotherandrew@lemmy.mixdown.ca 9 points 8 months ago (3 children)

I... I'm actually kind of surprised that American cigarettes are an export item. Surely to expats and pro-American Europeans who have lost all sense of taste and smell?

[–] Zabjam@lemm.ee 15 points 8 months ago* (last edited 8 months ago) (1 children)

I always find it interesting how people become expats instead of immigrants just based on the fact that their country of origin is the US or the UK. Englishman in Spain? expat. US American in France? Expat. Pakistani in the UK? Immigrant. Mexican in the US? Immigrant.

[–] wewbull@feddit.uk 6 points 8 months ago

Just depends on the perspective of the speaker.

If I live in the UK and my neighbour leaves the UK to go to Spain - Expatriate.

If I live in Spain and the same person arrives to be my neighbour - Immigrant...well, inmigrante.

[–] Jackcooper@lemmy.world 2 points 8 months ago

Does tobacco grow as well in France as it does in Carolina?

[–] Apocalypteroid@lemmy.world 1 points 8 months ago

Tobacco is the original American export

[–] PolandIsAStateOfMind@lemmy.ml 8 points 8 months ago (1 children)
[–] geneva_convenience@lemmy.ml 1 points 8 months ago

Bezos in shambles. Yaughts 25% more expensive