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  1. #1
    Veteran velik_m's Avatar
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    We might as well start the thread for the upcoming USA - EU trade war. Trump's tech sponsors hate the EU and Trump has no idea how EU works, so his one-trick tariff stunt performance will inevitably backfire.

    Free trade agreements of the United States



    https://en.wikipedia.org/wiki/Free_t..._United_States

    Free trade agreements of the European Union



    https://en.wikipedia.org/wiki/Free_t...European_Union

    Trump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliate
    ...

    Trump said on Sunday night that new tariffs on the EU would “definitely happen”, repeating previous complaints about the large US trade deficit with the bloc and his desire for Europe to import more American cars and agricultural products.

    “It will definitely happen with the European Union, I can tell you that,” he told reporters. “I wouldn’t say there’s a timeline but it’s going to be pretty soon.”

    Trump appeared to take a softer line on the UK, citing a good relationship with the prime minister, Keir Starmer, while saying tariffs still “might happen”. “The UK is out of line but I’m sure that one, I think that one can be worked out,” he said. “Well Prime Minister Starmer’s been very nice, we’ve had a couple of meetings, we’ve had numerous phone calls, we’re getting along very well, we’ll see whether or not we can balance out our budget.”

    Before Trump’s latest threat to the EU, a spokesperson for the European Commission said on Sunday that the union would “respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods”. The EU responded to previous Trump tariffs by imposing duties on emblematic American goods made in Republican-leaning states, such as Harley-Davidson motorbikes, bourbon and orange juice.
    ...
    https://www.theguardian.com/us-news/...na-retaliation

  2. #2
    Veteran velik_m's Avatar
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    EU-Mexico agreement

    Trade relations between the EU and Mexico are currently governed by the trade pillar of a 2000 agreement called the EU-Mexico Economic Partnership, Political Coordination and Cooperation Agreement (also referred to as the 'Global Agreement').

    On 17 January 2025, the EU concluded negotiations on a modernised Global Agreement with Mexico.

    Once ratified, the EU's modernised Global Agreement with Mexico will replace the agreement currently in force.

    The new deal will:

    Increase EU agri-food exports by removing high tariffs, benefitting European farmers;
    Make it easier for EU companies to bid for government contracts, invest and provide services in a variety of sectors in Mexico;
    Provide extra benefits for small businesses through simplified standards and procedures;
    Strengthen the protection of climate and labour rights through enhanced cooperation and enforceable commitments, and;
    Allow more secure supply of materials critical for the green and digital transitions.

    ...
    https://policy.trade.ec.europa.eu/eu...o-agreement_en

  3. #3
    Veteran velik_m's Avatar
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    US Cloud soon illegal? Trump punches first hole in EU-US Data Deal
    ...

    The EU-US Data Transfer System - a mix of EU and US law. Generally, EU law prohibits exporting personal data to countries outside of the EU since 1995, unless there is an absolute need (e.g. when sending an email to any non-EU country). Data can be sent abroad when the non-EU country provides "essentially equivalent" protection of Europeans' personal data. The US, on the other hand, has very strong mass surveillance laws (e.g. FISA702 or EO 12.333), that allow the US government to access any data stored with Amazon, Meta, Microsoft, Google and any other US Big Tech firm without probable cause or individual judicial approval. Therefore, the European Court of Justice has held twice (Schrems I and Schrems II) that US law is not "essentially equivalent". However, Ursula von der Leyen has insisted to pass a third EU-US deal, called "Transatlantic Data Privacy Framework" (TADPF).

    TADPF was built on sand. On 10.7.2023 the European Commission issued Implementing Decision (EU) 2023/1795, formally passing the TADPF. This allowed any EU business to freely transfer data to US providers, despite US surveillance laws. The European Commission relied on (very questionable) executive orders or letters by the US government, including the PCLOB, to find that the US is "essentially equivalent". However, these elements are not reflected in US statutes and codified law, because there was no majority in the US Congress to pass such laws. It was long criticised that the next US president could kill these protections with the strike of a pen. This scenario is now on the horizon. In its decision, the European Commission mentioned the PCLOB a whopping 31 times to explain why the US has "essentially equivalent" protections. The PCLOB is the only general "oversight" body that monitors if US services actually compy with laws, orders and other promises. Other elements of US law, like various redress mechanisms, require a plaintiff to become active. The US has traditionally blocked access to these bodies via various "standing" rules, leading to basically no lawsuits ever beeing admitted. This means that the PCLOB is the only relevant oversight mechanism that the TADPF relied upon.
    ...

    45 days for next crunch point. In one of the first Executive Orders Trump has signed on Monday, he determined that all Biden national security decisions (including the relevant decisions that the EU-US transfers rely upon) shall be reviewed and potentially scrapped within 45 days. This means that further elements the TADPF relied upon could collapse within days. As the entire deal is based on Biden executive decisions, Trump could scrap all key elements of the deal with a single signature – leading to instantly illegal data transfers between the EU and the US.

    ...
    https://noyb.eu/en/us-cloud-soon-ill...u-us-data-deal

  4. #4
    dangerous floater Winehole23's Avatar
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    Trump is a vandal, he only knows how to wreck

  5. #5
    dangerous floater Winehole23's Avatar
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    Trump's big ask in the past has been to be that EU member countries spend 5% of their budgets on defense, which US defense contractors will end up pocketing.

    But this pain point for both the EU and the US (from the article posted above) could be key.

    Now, everyone from large banks, entire national school systems to many small businesses may wake up to a legal situation, where the use of US cloud products is soon illegal.

  6. #6
    dangerous floater Winehole23's Avatar
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    here, as elsewhere in the world, the US bullying allies and otherwise friendly countries is bound to have some economic and strategic drawbacks.

  7. #7
    Veteran velik_m's Avatar
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    Trudeau heads to Europe to shore up alliances in face of Trump threats

    Prime Minister Justin Trudeau will try to strengthen Canada's trade and security ties over the next five days with European allies also facing threats from U.S. President Donald Trump over their economy and sovereignty.

    Trudeau is heading to Paris and Brussels starting Saturday — just days after Trump agreed to pause tariffs on Canada until March 4.

    Roland Paris, a former adviser to Trudeau, says it's important for Canada and the European Union (EU) to share notes about how to deal with Trump during this time of great uncertainty and co-ordinate if he does unleash punishing tariffs against them.

    "Nobody knows what Donald Trump is going to do next," said Paris, who is also a professor of international affairs at the University of Ottawa.

    "He keeps throwing out crazy ideas. He threatens the most dire consequences. Everybody is on the edge of their seat wondering what he's going to do and whether they're going to be the next target. In that kind of environment of uncertainty it's important for leaders to be speaking with each other."

    Trump is threatening economic warfare against Canada and is setting his sights on the EU next.

    The U.S. president warned on Monday he could expand tariffs to the EU, hitting the 27-nation bloc with a 10 per cent levy on all goods. He's pledging to take control of Greenland — a self-governing, autonomous territory that's part of NATO member Denmark — while pushing all 32 NATO countries to dramatically increase their defence spending.

    ...
    https://www.cbc.ca/news/politics/tru...inty-1.7452693

  8. #8
    coffee's for closers FrostKing's Avatar
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    Ya not good for us Europeans. Germany had meltdown within hours of the election results. Calling for recall election.

    I have USA passport so I'll speak on it. People only love America when it's a . And that won't be anytime soon under Donald.

  9. #9
    Veteran hater's Avatar
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    the Eu are a bumch of pussy chihuahuas

    They will bend over and take uncle sams dong up their assholes.

    And they will love it

    Cheers

  10. #10
    Veteran velik_m's Avatar
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  11. #11
    Veteran velik_m's Avatar
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    Three American goods that could rise in price due to metal tariffs

    ...
    Robert Budway, president of the CMI, said without exemptions for can manufacturers to import steel tariff free, grocery prices for canned foods made in the US are likely to rise.

    "While the president may believe that these tariffs are protecting the steel industry, they certainly are undermining our food security and our supply resiliency for American canned food, which Americans rely on every day," Mr Budway said.

    When it comes to aluminium, brewers and makers of fizzy drinks, such as Coca-Cola, have also warned the move will add costs and could lead to higher prices for customers.

    ...

    But he said it was still "realistic" to expect some of the costs from the metals tariffs to trickle down to buyers.

    However he noted that Trump's announcement of tariffs on all goods imported from Canada and Mexico, currently on hold until March, would have a much bigger impact for buyers.

    At a business conference, Ford chief executive Jim Farley warned Trump's recent moves were causing "a lot of cost and a lot of chaos" for his industry.

    TD Economics has estimated cars could go up in price by about $3,000 if blanket tariffs on goods from Mexico and Canada came into force.

    ...

    The construction industry as a sector is one of the single biggest users of steel, which developers and homebuilders need for everything from building frames to appliances.

    Carl Harris, chairman of the National Association of Home Builders, said the decision to impose tariffs on steel and aluminium ran "totally counter" to Trump's stated goal of making housing more affordable, warning it would raise costs and deter development and rebuilding.

    "Ultimately, consumers will pay for these tariffs in the form of higher home prices," he warned.

    ...

    https://www.bbc.com/news/articles/c3vp06k90d5o

  12. #12
    Veteran velik_m's Avatar
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    The European VAT is Not a Discriminatory Tax Against US Exports

    ...

    However, when discussing trade with the EU specifically, White House deputy chief of staff, Stephen Miller, added a new policy grievance to the mix: value-added taxes (VAT).

    “Did you know when you ship a car from the US to Europe, if they let it in at all because they have many nontariff barriers, between the VAT and duties, that car is taxed at 30%? The German car—or a European car sent the America is taxed at 2.5%—or basically 0.”

    His statement assumes that a VAT discriminates against American car exports like a tariff, and conversely, that the VAT rebate provided to European car producers exporting to the US cons utes a subsidy and the car then simply faces a tariff and no VAT. (It is worth noting that both a domestic automobile and a European car sold in the US would face US state sales tax
    .)

    While it may seem like a compelling political argument to justify across-the-board tariffs on the EU, it instead reflects a complete misunderstanding of what a VAT is and how it works. Worse, it misplaces the blame for a lack of US compe iveness on the European VAT instead of reevaluating the flaws of both the US federal and state tax systems.

    ...

    The disadvantages created by the sales tax, therefore, aren’t unique to goods exported abroad. They aren’t the consequence of trade policy, but of poor tax policy. Europe’s VATs are not tariffs and are not subsidizing European exports. Instead, US states’ poorly-designed sales taxes are harming their own businesses’ compe iveness—whether they’re selling down the street, across state lines, or around the world.

    ...
    https://taxfoundation.org/blog/trump...iscriminatory/

  13. #13
    LMAO koriwhat's Avatar
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    the EU!

  14. #14
    notthewordsofonewhokneels Thread's Avatar
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  15. #15
    coffee's for closers FrostKing's Avatar
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    Bad news for EU. But time to get off the USA ty and reevaluate. If overseas is scapegoat then the formula is wrong.

  16. #16
    notthewordsofonewhokneels Thread's Avatar
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    Bad news for EU. But time to get off the USA ty and reevaluate.

  17. #17
    Veteran GAustex's Avatar
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    Trump is a vandal, he only knows how to wreck
    He sure wrecked you

  18. #18
    notthewordsofonewhokneels Thread's Avatar
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    here, as elsewhere in the world, the US bullying allies and otherwise friendly countries is bound to have some economic and strategic drawbacks.
    Let European countries control EuropePERIOD

  19. #19
    notthewordsofonewhokneels Thread's Avatar
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    He sure wrecked you
    The reality of Trump holding the con for the next 4 years is preying on the old Winester. If (they) only had the House to slow this juggernaut down a might he'd/they'd have a counterpoint 24/7, but they got , only MSM, + a gaggle of American judges trying to head Trump off at a thousand passes.

    "We're gonna have to stand down again, ain't we?"

  20. #20
    dangerous floater Winehole23's Avatar
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  21. #21
    notthewordsofonewhokneels Thread's Avatar
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    This has been comin' a long, long time. May as well have it out now.

    Let us proceed...

  22. #22
    Veteran velik_m's Avatar
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  23. #23
    Veteran velik_m's Avatar
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    US blacklists Switzerland for “unfair trade”

    The blacklisting was confirmed by the Director of the State Secretariat for Economic Affairs (Seco), Helene Budliger Artieda, in an interview with the CH-Media newspapers.

    ...

    Switzerland has a positive balance of trade in goods and therefore appears on this list. “But we certainly can’t be accused of being unfair. Switzerland has unilaterally abolished its industrial tariffs, we have no pharmaceutical tariffs. US companies can export their products to Switzerland duty-free,” said Budliger Artieda.

    ...
    https://www.swissinfo.ch/eng/multina...tices/88983677

  24. #24
    dangerous floater Winehole23's Avatar
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    unfortunately, the trend seems to be in the direction of mutual antagonism

    toward real war, not just a trade war

  25. #25
    notthewordsofonewhokneels Thread's Avatar
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    unfortunately, the trend seems to be in the direction of mutual antagonism

    toward real war, not just a trade war
    But we won't be involved in this war, so, they'll be no WW3. This will be European War exclusively.

    And should be. The only way forward is for Europe to create and hold country by country MIC's. Transfer their wealth from their populace welfare/healthcare to MIC, like we do. They'll only have to supply their MIC for their country unlike the U.S. who supply our MIC for the entire free world.

    Just have to hope and pray that Trump does this. Sure, I hate having to support Israel, but if we can get out of Europe altogether I'd make that deal in a heartbeat.

    After our MIC to the world we ain't nothing special. We're 36 trillion in debt, it's humiliating. Yet we act as if we're solvent.

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