can't let trump behave like a toddler in tantrum, some firm feedback is needed
Europe
News and information from Europe πͺπΊ
(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)
Rules (2024-08-30)
- This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
- No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
- Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
- No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
- Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
- If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
- Light-hearted content, memes, and posts about your European everyday belong in !yurop@lemm.ee. (They're cool, you should subscribe there too!)
- Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
- No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
(This list may get expanded when necessary.)
We will use some leeway to decide whether to remove a comment.
If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.
If you want to protest a removal or ban, feel free to write privately to the mods: @federalreverse@feddit.org, @poVoq@slrpnk.net, or @anzo@programming.dev.
Thats what Putin said to Zelensky
Hmmm, no
Tariffs equal a tax that governments charge on imports. This tax is paid by local/domestic importers, not foreign exporters. The government collects this "tax".
If the government said let's increase taxs the public would be furious at the grocery/checkout line. But saying, "let's tarrif foreign countries" seems to imply that locals won't be paying these taxes.
To retaliate countries should instead tack on a surcharge to exported goods to the US. This cost would then be past onto American importers in a increased cost of goods and raw materials.
The surcharge to exported goods can be collected by the local government and used as a stimulus for the local economy.
TLDR: Tack on an export surcharge to the US, this stacks on top of the US import tariffs their government charges their local importers. The US locals now need to pay their tarrif and the surcharge which increased the price of the goods for US two fold.
So that lowers the margins and volumes of domestic exporters that export to the US even further. Meanwhile American exporters who sell domestically get to keep their margins and volumes.
Yes, put it that way i agree it does not sound good.
A company in the EU for example will be forced to lower its volume of exports of goods and raw materials even further to the US as Americans won't be able to "afford as much". Especially with an export surcharge fee payed for by American importers.
Though we forget Americans will now be forced to pay more for raw materials imports. This means anything they sell or export will also now be more expensive. If not impossible to manufacture.
Why should we make things affordable for Americans and not our local population?
A export surcharge fee could mean that any EU companies still currently reliant on goods or raw material imports from the US for the time being have time to adjust without a blanket tax being applied.
My argument is that a "blanket tax" on imports affects the "working class" directly with increased prices of goods locally. If countries all unanimously "fire back" with surcharges on exports to the US, it affects the whole American supply chain with a increase in cost of goods.
On top of the Tarrifs the US government is already making its US citizens pay.