Buy European

Even if we lose more, we can't back down from a bully. We need to stand strong and roll with the punches

Don’t worry, he’ll back down either way. He’ll just claim that he’s made a great deal with EU even if no such deal has been made, and then lower the tariffs again.

No, blind retaliatory tariffs would be stupid. When someone is punching themselves in the face, the correct thing to do is not to also punch yourself in the face.

Tariffs have 3 effects:

• The buyer pays more.
• Because the buyer pays more, the seller makes fewer sales.
• The government collects tariff tax revenue.

Whichever way the tariff goes, export or import, it will negatively affect that nation's people. An import tariff, like this, would negatively affect local consumers. An export tariff (eg Canada tariffing electricity exports to the US) would negatively affect local businesses through lost sales (the genius with Canada is the US can't stop buying electricity, so sales local sales would stay the same).

The only way a tariff makes sense for a country is if the tariff tax revenue is reinvested into the local economy. For example, if you tariff imports, you should use that revenue to incentivise local businesses to grow to replace that import.

Trump is not doing that. He's just collecting tax money from American people. He's almost certainly going to spaff that away on some scam, probably crypto, and basically bankrupt the American taxpayer and fuck up everyone's livelihoods.

EU countries should not copy Trump and blanket tax their citizens for American imports. If the EU were to implement tariffs (and I argue this isn't necessary or worthwhile), they should only be done with a plan to reinvest, such that there is a net benefit. Blunt tariffs with no plan will almost certainly have a net negative effect.

China is like Trump, in that neither of them care much about the negative effects on their people. That's why China went hard with retaliatory tariffs. The EU does not need to emulate that behaviour.

Yeah im Canadian so we get a lot of their food, I see myself reaching for a snack item or ceral and when I notice it’s American I put it back. After I do I realize I really shouldn’t be eating that crap anyways so it saves me money and keeps me from eating so much junk food

He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that's too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.

Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of 'worst case scenario', so that when he strikes a 'deal' (no matter how meaningless), he can declare victory. He's a TV personality. Its all for show.

The working class in the US is in for some real pain. Its too bad that so many of them voted for this.

He just literally doesn't give a shit if he is fucking everything up and he's too stupid to do the right thing.

The strategy: Put in some shorts, announce Tarrifs, rake in the cash. Buy an obscene amount of stock on margin, announce a reduction in tariffs, rake in the cash.

The next day: Have Charles Schwab on TV with you to announce how your illegal market manipulation and insider trading have earned the man billions in a day. Every dollar of which was stolen from the retirement of the working class.

I live in a sea of selfish, undereducated, self-sabotaging, brainwashed Americans who are dumb as fuck.