this post was submitted on 04 Apr 2025
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What Canada, Mexico, Japan, the UK, and the European Union should do in response to Trumpโ€™s grossly irresponsible tariffs (robertreich.substack.com)
submitted 2 weeks ago by Sunshine@lemmy.ca to c/buyeuropean@feddit.uk
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What should other nations do?ย My strong recommendation to Canada, Mexico, Japan, the United Kingdom, and the European Union is to join together to create a free trade zone that excludes the United States, imposing at least a 10 percent tariff on all imports from America.

They should also threaten to limit American banksโ€™ access to their public stock markets, put limits on what their citizens can invest in American companies annually, and increase taxes and regulations on American digital platforms.

They will be tempted to negotiate and do so individually. They should not. They need to negotiate from a position of strength. A non-U.S. free trade union will give them that strength.

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[โ€“] Tweak@feddit.uk 1 points 1 week ago (1 children)

You are being ridiculous and calling me names. Grow up, slow down, read what I've said and actually think about it. Instead of just acting irrationally and emotional.

I didn't say not to respond, I said not to do the exact same thing he's doing.

Import tariffs are a tax on local people. Raising taxes must be justified. In particular, there must be a plan to spend the money raised through tariffs.

Trump has not given any plan, because he is almost certainly going to steal the money.

If any other country wants to implement a tariff, they must do so with a plan to better their country with the tariff revenue, otherwise they're no better than Trump. You are, in fact, trying to encourage them to do this with no plan. You are enabling other politicians to be like Trump.

Don't do that.

[โ€“] FelixCress@lemmy.world -2 points 1 week ago (1 children)

You are being ridiculous and calling me names. Grow up, slow down, read what I've said and actually think about it. Instead of just acting irrationally and emotional.

You are being ridiculous. You want to appease Trump so badly that you are disguising it as an action on behalf of societies this cunt just sanctioned.

You are a moron.

[โ€“] Tweak@feddit.uk 0 points 1 week ago (1 children)

How am I trying to appease Trump? You call me a moron, and yet nothing you say makes sense.

At least we can agree that Trump is a cunt lol.

All I'm saying is that IF a country wants to apply a retaliatory tariff, they should do so in the interests of their own country. They should ring fence the revenue from the tariff and re-invest that in local businesses to replace the foreign imports.

However I don't think that's necessary. America isn't a cheap manufacturing source, it's expensive high tech. Tariffs are meant to balance prices - like tariffs on cheap Chinese EVs, such that other EVs can be competitive on price. American stuff is already more expensive, so a tariff doesn't change the equation.

People don't need tariffs to incentivise themselves not to buy American. They need alternative options to American goods and services. Tariffs won't do that, at least not without proper planning and re-investment.

[โ€“] FelixCress@lemmy.world 0 points 1 week ago (1 children)

How am I trying to appease Trump?

Have a think. Slowly.

[โ€“] Tweak@feddit.uk 0 points 1 week ago (1 children)

I've demonstrated a lot more thinking here than you. You've presented nothing, you're just attempting to be insulting. The most likely reason for this is that you don't know how to argue nor have anything to back up your position, ultimately because you're wrong.

[โ€“] FelixCress@lemmy.world 0 points 1 week ago (1 children)

The most likely reason for this is that you don't know how to argue

Nope, it is because I learned already years ago not to argue online with halfwits.

[โ€“] Tweak@feddit.uk 0 points 1 week ago (1 children)

Again with the names. If you could acutally come up with something of actual meaning and relevance, I might feel insulted.

But you don't have meaning, what you say is irrelevent, and you don't have value. You say you don't argue and yet you've replied every time, because there's nothing else for you.

Applying a retaliatory tariff, as you suggest, is what would be appeasing Trump. He wants to wreck everything - not just the US - and retaliatory tariffs would do just that.

Thank fuck you don't decide economic policy. I'd hate for a nation and its people to be in such a sorry state.