this post was submitted on 13 Jul 2025
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[–] elucubra@sopuli.xyz 37 points 21 hours ago

What some countries don't seem to realize is that it's a bluff on the part of the orange failed abortion. He knows that he can't really sustain tariffs because prices would really rise, and a massive recession would kick in, so he bluffs by delaying the dates.

Also, don't forget that a major part of the tariff declarations are pushed by his billionaire handlers and his family, to crash markets and buy in a fire sale. It's the most blatant and highest scale insider trading scheme ever.

[–] Revan343@lemmy.ca 72 points 1 day ago (1 children)
[–] whostosay@lemmy.world 38 points 1 day ago* (last edited 1 day ago)

Sir, your /ich_iel is leaking

[–] ikidd@lemmy.world 25 points 21 hours ago

Don't negotiate with terrorists.

[–] N0t_5ure@lemmy.world 86 points 1 day ago (2 children)

Any trade deal they strike with Trump is illusory and not worth the paper it's written on. See, e.g., what happened to the NAFTA deal Trump signed during his first administration. The EU should refuse to play his games and quietly start dumping their substantial holdings of U.S. Treasury bonds.

[–] Old_Bald_Bloke@feddit.uk 3 points 9 hours ago

Sell them to China

[–] hitmyspot@aussie.zone 36 points 1 day ago (1 children)

Yes, I don't see how they don't see that. I get trying to drag it out while opening other markets, but as china showed, he responds to shows of strength. There I no point negotiating in good faith. He won't honour it.

Europe should not be looking at what's the best way to trade with the USA, but look at what's the best way to support European companies being alternatives to the USA monopolies.

That's Trunos plan for the USA. Europe has an opportunity to take the lead and spread worldwide while other countries have the same issue.

If the large blocs, like EU can't stand up to Trunos tariffs, smaller countries have no chance and that is to everyone's detriment. If the EU stands up, china stands up, then medium economies like Canada and Australia can stand up too. He only has leverage when people are divided.

[–] ubik@sh.itjust.works 5 points 21 hours ago (2 children)

Unfortunately, the Germans are in charge, and they will do whatever it takes to protect their interests, even if it means screwing everyone else, as it happened in 2011.

[–] SupahRevs@lemmy.world 2 points 10 hours ago

Growing Rheinmetall is good for Germany isnt it? Could there be other German companies that replace US products?

[–] hitmyspot@aussie.zone 15 points 21 hours ago

The thing is, it's not in their interest. You can't make a reliable deal with the USA and while you try, you're losing ground to others.

Germany tried making deals with Putin and failed Europe. You'd think they'd have learned their lesson.

[–] ccunning@lemmy.world 172 points 1 day ago (3 children)

The anti-coercion instrument, known as the “big bazooka” of the EU’s trade arsenal, would give the commission powers to go after US multinational companies, slapping extra taxes on the digital revenues of tech firms.

[–] Protoknuckles@lemmy.world 127 points 1 day ago (1 children)

PLEASE do. Maybe that will get enough companies pissed at him that they push him and his support out.

[–] FlashMobOfOne@lemmy.world 27 points 1 day ago

Agreed.

Our own government isn't doing anything to stop him. Let Europe do something to stand in his way.

[–] rc__buggy@sh.itjust.works 43 points 1 day ago* (last edited 1 day ago) (1 children)

And the very next line:

This is a major escalation the Irish Government wants to avoid.

Have they tried going back to before they were a crooked tax haven for unethical corporations? I knew as soon as they decided to be a tax shelter that they would become what I believe the Br*tish call, "A cunt in the machinery."

[–] paranoia@feddit.dk 2 points 10 hours ago* (last edited 10 hours ago) (1 children)

Have they tried going back to before they were a crooked tax haven for unethical corporations?

1209 North Orange Street in Wilmington alone evades more tax than Ireland.

It's lovely to throw stones, but you're in the most delicate glasshouse of them all.

[–] rc__buggy@sh.itjust.works 1 points 1 hour ago* (last edited 1 hour ago)

I support the Global Tax Agreement but think it's a little too lenient. A real 15% tax would do way more for everyone except the corporations than a 15% tax with loopholes allowed. So I'm not exactly sitting in a glass house?

I don't think EVERY country should impose those rates but any "first world" country needs to. let the developing world impose lower rates or even incentives if that's what works for them but if the economy is roaring along lets get some of that wealth into the public coffers.

[–] someguy3@lemmy.world 12 points 1 day ago* (last edited 1 day ago) (3 children)

Then the tech firms raise prices in the EU. That's what happened to Canada and Canada backed down. The only difference is the EU may want to encourage their own tech companies to grow.

[–] Taldan@lemmy.world 1 points 9 hours ago

If there's one thing we've learned from tariffs, companies are surprisingly willing to eat extra costs in the short-term, and tariffs taxes are taken much closer to the end consumer

[–] MuskyMelon@lemmy.world 14 points 22 hours ago (1 children)

If the EU gives more incentives to their companies, US tech firms will come back begging like little bitches to claim EU domicile.

[–] elucubra@sopuli.xyz 10 points 20 hours ago (1 children)

What people don't seem to realize is that the US effectively subsidizes the digital sector by means of minimal taxation. The EU should tax the fuck out of US tech companies, and incentive European alternatives and especially FOSS.

Oh,and Ireland (country that I love, btw), get rid of the parasitic sector, wich may bring in money, but also fucks up your country. See housing, for example.

[–] insaneinthemembrane@lemmy.world 2 points 20 hours ago

And data centers.

[–] garbagebagel@lemmy.world 2 points 20 hours ago

Do the leaders in the EU also have stock in all the big tech companies like Carney does?

[–] redsand@lemmy.dbzer0.com 39 points 1 day ago (2 children)
[–] ayyy@sh.itjust.works 1 points 9 hours ago (1 children)

Sell the ~~houses~~bonds to whom, fucking aquaman? (But really, who wants to buy bonds from a country with absolutely zero rule of law?)

[–] qaz@lemmy.world 4 points 8 hours ago* (last edited 8 hours ago)

That's the point. Dumping US bonds on the market lowers their price, forcing the US to renegotiate at a higher interest rate.

When aquaman is the only buyer, the US is fucked due to their enormous debt.

[–] NotSteve_@piefed.ca 18 points 1 day ago (1 children)

That's the nuclear bomb that I think every country is holding off using (for now)

[–] redsand@lemmy.dbzer0.com 6 points 1 day ago* (last edited 11 minutes ago) (1 children)

That would be an embargo. This is more akin to sustained shelling between friends.

[–] EldenLord@lemmy.world 5 points 15 hours ago (1 children)

Maybe, but selling bonds would hurt the US more than other countries because of their high federal debt (if I‘m not mistaken).

[–] redsand@lemmy.dbzer0.com 2 points 14 hours ago

Among other reasons yes. Canada lead original sell off will likely accelerate and obliterate 10 year bonds.