France warns Donald Trump: US has 'everything to lose from a trade war' with the EU
France warns Donald Trump: US has 'everything to lose from a trade war' with the EU
Mr Barrot also signalled that France would be ready to send troops to Greenland if requested by Denmark to defend it against a bid by Trump to seize it militarily, but doubted this would happen.
Good stuff. No backing down from bullies
To my knowledge, imported articles from the US are already heavily taxed. But if push comes to shove...
The US also inports more than they export to the EU market afaik.
This is a good overview.
Basically the US imports a 100 billion € per year more than it exports in goods to the EU. And the EU mostly just imports oil and gas (and some pharmacyticals) from the US, which are relatively easy to substitute, while the reverse is mostly high-tech equipment hard to substitute.
However, despite this appearing like the US needs the EU more then the reverse, these tariffs can still bite as economically speaking the EU of course wants to export more than it imports as this is a wealth transfer from the US to the EU and tariffs make that harder.
I mean the us’s main export is weaponry isn’t it? Just make sure that counts too.
Oh man... that makes things even worst.
Last time around the EU hit districts with tight mid term races with tariffs, as to make Trump loose the election. It worked pretty well.
Let's just stop buying their weapons if he tries anything.
Who else could supply NATO?