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EU to Trump on tariffs: Go ahead, make our day. (www.politico.eu)

submitted 5 months ago by robotech@lemmy.sdf.org to c/world@quokk.au

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BRUSSELS — The European Union said on Thursday it was ready to deploy its strongest trade weapon against the U.S. after President Donald Trump threatened to impose sweeping tariffs and scorned the EU as having been created to “screw” America.

“We have an Anti-Coercion Instrument, and we will have to use it,” Agriculture Commissioner Christophe Hansen said in Paris after meeting with his French counterpart Annie Genevard at the Salon de l’Agriculture farming exhibition.

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[–] pupbiru@aussie.zone 4 points 5 months ago

also afaik that only takes goods into account and ignores services… from what i understand, as economies mature they transition to much more service-based economies (though this can’t continue to be true forever) so just by merit of being the worlds most “mature” economy you’d expect a goods defect and a “services surplus” (not that that’s a thing i think)

like gsuite, office365, etc… most web services are bought from US companies