
A Trade War With Sinners on Both Sides
Trump targeting allies doesn’t excuse the EU’s imposing new tariffs that taxpayers will have to bear, rather than addressing European protectionism.
Trump targeting allies doesn’t excuse the EU’s imposing new tariffs that taxpayers will have to bear, rather than addressing European protectionism.
Other White House measures include the threat of 100% duties on BRICS countries, escalating the global trade war.
Macron and Scholz would prefer immediate retaliation, while others would rather de-escalate.
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.