How do you think Trump's tariff threats are affecting Europe?
Last Updated: 01.07.2025 19:10
It’s like you go to, let’s say, Starbucks, and buy coffee from them. Starbucks gives you coffee, you give them money. Starbucks isn’t buying anythIng from you. You have trade deficit with Starbucks now.
Trump is saying that he won’t enter into talks with Europe on lifting tariffs ”unless they pay us a lot of money on a yearly basis, number one for present but also for past” — because apparently Europe was “taking advantage” of America.
Europe has China on speed dial — as well as Canada, Mexico, Australia and New Zealand.
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To punish Starbucks, you impose a tariff on yourself, so now you are paying 20% more for the coffee.
Stock markets are crashing around the world, as funds are trying to sell shares, fearing uncertainty and bankruptcies that may follow Trump’s tariffs implementation on April 9.
By “taking advantage” Trump means trade deficits, which actually only means that Americans like buying European goods for U.S. dollars.
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Bad, bad Starbucks.
That requires a stable genius.
I can’t think of another time in the U.S. history when one man put the entire global economy into a recession on a whim.
I feel that Monday April 7 will show whether Trump can survive as the president. If the markets crash, then the world economy is in grave danger.
The Europeans will be able to design a trade policy to minimize the effects of the U.S. committing economical harakiri.
That’s what Trump effectively did.
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