The unfortunate thing is that the EU may have to suck it up and build more bridges with the PRC if the US shuns us.
Europe may be bigger than the US, but even Europe is only about 20% of the world’s GDP. We can’t take on Russia, the US, and China at the same time.
If the US stops Chinese stuff coming in due to tarrifs, the PRC will try and focus on the EU, flooding markets. This in turn might cause EU companies to get into trouble and require the EU to also impose tarrifs. The US can fuck the international trade of the whole world.
That’s not how this works. The EU stands to gain from a US-China trade war, just like it did the last time Trump was in office.
That fully depends on the scale. And a 20pct tariff across the board… well…
20% tariffs for everything isn’t going to happen
Time will tell. But he has been yelling about it. And in regards to most of the things he said in his first run he did end up doing. So I don’t know where you get your confidence from, but lot of the businesses seem to be bracing for it to happen.
He’s gonna increase tariffs for sure but not 20% across the board, that’s completely insane
