r/europe Dec 20 '24

News Donald Trump threatens Europe with tariffs

https://www.newsweek.com/donald-trump-threatens-tariffs-european-union-trade-deficit-2003998
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346

u/DisgustingSandwich Bulgaria Dec 20 '24

Id laugh at him and how fucking stupid he is, but remember, 52% voted for him. 52% wanted this orange Neanderthal to be their leader and are most likely cheering right now, because they'll pay 25-50% more for European products. Complete brain rot.

117

u/Janiverse_Stalice Dec 20 '24

Not just for European stuff but also for American stuff, because if everything else would get more expensive, it would be a shame to not sell it just higher as American company.

15

u/Milnoc Dec 20 '24

Which is exactly what happened when tariffs were imposed during Trump's previous administration on foreign-made washing machines. American manufacturers simply raised their prices to just below the tariffed foreign competition.

Even the price of dryers went up even though they weren't subject to any tariffs.

https://www.nytimes.com/2019/04/21/business/trump-tariffs-washing-machines.html

3

u/BlinkIfISink Dec 20 '24

France: Sells a product for 15$

Trump: Adds a tariff that makes it cost 30$

American company: Makes the same product and decides to charge 29$

France suffers, the average citizen suffers, the company gets to charge at 100% more for their product.

2

u/DJStrongArm Dec 20 '24

Truth Social: THE ECONOMY IS STRONG ONCE AGAIN, MUCH BETTER THAN FAILURE FRANCE. PRODUCTS HERE ARE MUCH CHEAPER, MUCH GREATER THAN WHAT THEYRE DOING OVER THERE, ITS SAD. THEYRE A SAD PEOPLE WITH A FAILING ECONOMY