“economic extortion”?
Can this White House please, at minimum, tone down the inflammatory rhetoric? I get that it’s Trump’s whole thing to an extent, but the normalization of it just feels bad.
This term has been used for decades by both parties and is accurate to what is happening here, regardless of feelings.
I assume the White House arguments go both ways, so EU companies are not exposed to tariffs? Yes?
Was the EU tariffing the united states first and for years? Yes. So why is it bad when the US responds in kind?
If US companies don't want to be fined for breaking the law, perhaps obeying the law would be a better strategy than risking it, getting caught and then having your president throw a tantrum about how it's 'not fair', like a 3 year-old who isn't allowed to a second icecream.
Just respect local laws and you don't get fined.
The law is extremely vague (intentionally so) and effectively requires Apple (and other big companies) to give their intellectual property away for free. Even as a small company I block the entire EU because of unbelievably asinine their laws are where a single PERCEIVED violation based on VAGUE and OPEN ENDED LAWS is like 300k-600k for each count.
Extortion? This is the same White House that imposed tariffs on penguins.
Please lets not be disingenuous. Heard Island and McDonald Island are part of australia, which are subject to the tariff.
WHO Does Trump think he is to complain about this, with the amount of BS he has done to the global markets with his idiotic ideas. what a total hypocrite that orange moron is.
Trump will fold. Well known for folding when he meets force, ask China they're trolling the heck out of him.
If he can find an exit ramp, he'll take the first opportunity.
Those companies need to pay tax in the country they are trading in. Period. Or go home and don't trade here. We won't miss you.
Trump is trying to crash the stock market at least 20%, causing a flight into treasuries, this will cause the fed to slash interest rates so he can refinance the debt to near 0% and cause a deflationary spiral which will lower the cost of
everything. He also intends to use tariffs as an incentive for companies to build in the US to avoid having to pay them. The Tariffs and the resulting global trade war will also force American Farmers to sell more of their goods in the US (due to retaliatory trade measures by other countries) which will directly lower the price of groceries in the US. More than 94% of all stock is owned by just 8% of the US population. Trump is literally taking money from the rich and giving it to the poor. This is why Trump is playing a game of Hokey Pokey with Tariffs. One day he has 25% Tariffs on Mexico and the next he doesn't. This is to cause extreme volatility in the markets and a desperate need and demand to flee towards treasury bonds which are much more stable but offer much lower potential return.
This is also why eggs are cheaper now than they were under Joe Biden.
So lets see, people act like the USA is a jetski, rather it is like a gigantic tanker and these changes and tariffs will take YEARS to determine if it was worth it or not.
