European industry has hit back at Donald Trump’s “ludicrous demands” to hand over Greenland or face a trade war.
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Trump’s shock threat on Saturday to impose additional tariffs of 10% in February with a further 25% in June have derailed a period of relative transatlantic trade calm after the EU-US agreement struck at the US president’s Scottish golf course last July.
European leaders are expected to meet in Brussels on Thursday for an emergency summit to discuss the prospect of imposing counter-tariffs on US exports on 7 February that would hit everything from liquid gas to aircraft and machinery.
The German engineering trade group, whose members include vital tool machine exporters, urged the EU to face Trump down. “If the EU gives in here, it will only encourage the US president to make the next ludicrous demand and threaten further tariffs,” said Bertram Kawlath, the president of the German engineering association VDMA.
To everbody outside murica , sell all your dollar stock
Why are they responding with tariffs?
They should be responding with sanctions.
they should be responding with JDAMs on Mar-a-Lago
A simple blind eye to copyright infringements so that people can use illegal streaming of movies and series will already go a long way.
Imagine if EU blocked Spotify from sending money to USA, it’d be solved in hours.
From a unitedstatesian who rather detests what our government is doing: get your specialized tool and component manufacturers to blacklist the US. It doesn’t even have to be at an official level - just stop taking orders from, and shipping to, the US. Our industrial base will simply not be able to function effectively given how much we’ve offshored.
Let the Epstein Trade War commence!
