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.
sigh all I’m hearing is prices for every fucking thing are going to skyrocket… globally…
Time to huddle down and stop buying shit. Maintain and repair old vehicles, download your media, go through your backlog of videogames, etc.
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?
You raise prices, and sell less. And let all customers know its the new Trump Tax they are paying.
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.
Just learned how to patch my clothes. Thinking about learning how to work leather next
Time for rest of the World to trade between themselves, ignoring US.
Nah, for the rest of the World it will only be for things Made In America.