The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.
A tariff of “30%, or anything above 30%… has more or less the same effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday.
Šefčovič said it will “be almost impossible” for the bloc to continue its current level of trade with America if that new tariff rate is implemented on August 1 – the date stipulated by US President Donald Trump in his letter to the EU on Saturday.
What do we even need from America?
The EU should add 100% tax on American restaurants like mcdonalds and burger king, they are pretty much universal health hazards anyway.
But the EU will back down as it always does.
You really want to hurt the USA? Tax their financial and technical services. Tax Netflix, Amazon, Microsoft, all US financial services companies, etc.
Make your own FOSS standard OS’ for use on E.U. devices. Make your own clouds and make API wrappers which perfectly mimic Amazon and Microsoft cloud API’s for easy migration.
The US stands to lose a lot more than the E.U. when services is brought into the picture. Bend that orange fucker over and show him how it’s done.
Chips come to mind. Your next videocard is going to be even more expensive. Not sure if the tariff is applied to digital goods like netflix and youtube premium
I dont use subscription services but graphics card, yes i do.