this post was submitted on 10 Feb 2025
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Summary

The EU and its leaders warned of swift retaliation if Donald Trump enacts new 25% tariffs on steel and aluminum imports, as he announced over the weekend.

The European Commission criticized the move as “unjustified” and vowed to protect EU businesses.

German Chancellor Olaf Scholz and French President Emmanuel Macron pledged countermeasures, with Macron warning tariffs would also hurt the U.S.

The UK government said it was monitoring developments, while UK Steel called the potential tariffs “devastating.” The EU previously responded to Trump-era tariffs with retaliatory measures.

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[–] [email protected] 87 points 1 day ago (4 children)

sigh all I'm hearing is prices for every fucking thing are going to skyrocket... globally...

[–] [email protected] 1 points 8 hours ago

Nah, for the rest of the World it will only be for things Made In America.

[–] TheBat 11 points 14 hours ago

Time for rest of the World to trade between themselves, ignoring US.

[–] Tyfud 19 points 21 hours ago (2 children)

That's correct. This is what they want. Drive stocks down, do a bunch of buybacks, scrap the tariffs, watch line go back up, profit.

[–] P1nkman 2 points 11 hours ago (1 children)

Hopefully, the rest of the world will just go "Who are you? We already have that we need from these countries, so thanks, but no thanks" and the US will finally see that they fucked up royally.

[–] ynthrepic 2 points 8 hours ago

Nah, it's all about the money. It's literally just trolling with people lives to make money off of their inevitable fear

The only way to win, is if people who have invested money aren't afraid of losing it. Which of course almost nobody, because when gambling the house almost always wins. Which is to say an increasingly small minority get to win the lottery of a financially free life.

[–] HasturInYellow 7 points 19 hours ago

I suppose we will just have to liquidate their entire class... Oh well.

[–] [email protected] 33 points 23 hours ago* (last edited 23 hours ago) (2 children)

Time to huddle down and stop buying shit. Maintain and repair old vehicles, download your media, go through your backlog of videogames, etc.

[–] ByteJunk 5 points 12 hours ago (2 children)

All lovely ideas, but if I own a small business, do I just close the doors when my source materials and energy start costing more than my finished product?

[–] [email protected] 7 points 9 hours ago

You raise prices, and sell less. And let all customers know its the new Trump Tax they are paying.

[–] TsarVul 6 points 11 hours ago

Increase the price of the product, prepare for less clients and weather the storm. We're all eating a free market-sourced shit sandwich out here.

[–] tdawg 3 points 12 hours ago

Just learned how to patch my clothes. Thinking about learning how to work leather next