Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force

Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force

The US-EU trade deal, clinched in a ballroom at Donald Trump’s golf resort in Scotland on Sunday, has been criticised by France’s prime minister and business leaders across Germany.

The deal, which will impose 15% tariffs on almost all European exports to the US including cars, ends the threat of a punitive 30% import duties being imposed on Trump’s 1 August deadline for a deal, but it is a world apart from the zero-zero import and export tariff the EU offered initially.

It also means European exporters to the US will face more then triple the average 4.8% tariff now in force, with negotiations to continue on steel, which is still facing a 50% tariff, aviation, and a question mark over future barriers to pharmaceutical exports.

  • Lembot_0004@discuss.onlineEnglish
    492·
    1 day ago

    Europeans, impose infinite tariffs on Trumponia wares – don’t buy them at all if you have a chance.

    • kescusay@lemmy.worldEnglish
      43·
      1 day ago

      That’s definitely where the world is headed. As an American, my stomach drops every time I think about what exports from the United States are going to look like when the quarterly numbers come out. No one wants to buy from us anymore because… Well… We’re a bunch of fucking assholes.

      • panda_abyss@lemmy.caEnglish
        9·
        24 hours ago

        I’m enjoying finally being able to find Canadian goods everywhere.

        And it’s all thanks to Trump. I buy very few US goods now. If there’s an alternative, almost any alternative, I take it.

      • NoneOfUrBusiness@fedia.io
        101·
        1 day ago

        The good (or bad, depending on how you look at it) part is that a good chunk of the world thinks Americans are assholes and buys their shit anyway, so while exports to Europe and Canada aren’t looking hot places like China or the Middle East aren’t going to change their consumption habits over Trump being Trump.

      • Kühlschrank@lemmy.worldEnglish
        1·
        20 hours ago

        I will buy the Heinz because the ketchup here is horrendous, otherwise there is usually a perfectly suitable alternatives to US goods

        • kescusay@lemmy.worldEnglish
          1·
          14 hours ago

          If you can get it, Portland Ketchup is very good, and you won’t be supporting dipshit multimillionaires.

    • jabjoe@feddit.ukEnglish
      1·
      19 hours ago

      Too many are helplessly dependent on MS, Apple, Google, Facebook, Amazon, etc.

      They can’t even imagine freedom from them.