How Trump Could Help the EU Economy
Europe should expect a mix of positive and negative effects from a Trump presidency. With a little luck, the positive effects will outweigh the negative ones.
Europe should expect a mix of positive and negative effects from a Trump presidency. With a little luck, the positive effects will outweigh the negative ones.
As the economic elite comes to Washington for the IMF-World Bank meetings, they cry about Trump’s idea for trade tariffs. Frankly, they have no idea what they are talking about.
The measure could undermine Brussels’ Net Zero goals and make EVs more expensive for consumers.
Despite Brussels’ perennial feuding with Elon Musk, there will be concessions for any Teslas manufactured in China.
“We’re not doing this for the planet,” one top Eurocrat admitted.
With a record of radical tax reform, Trump could indeed end the income tax. But the road to such a reform is filled with bumps. Here are three of them.
New tariffs will increase consumer prices on electric cars, clashing with Eurocrats’ goals to decrease the number of combustion engine vehicles.
What the European Commission proposes is not rules-based trade but managed trade, with Commission technocrats pulling the strings to favour EU industrialization.
Carbon tariffs are a keystone of the EU’s “Fit for 55” package, but they may also herald a new era of protectionism and put strain on geopolitical relations.
The proposal seeks to eliminate the existing €150 limit on importing small goods free of charges, so European customers would have to pay both sales tax and customs duties on every item in the future.
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