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#eupol

87 posts41 participants3 posts today

"While Europe indeed sells more goods to Americans, the U.S. in turn enjoys a surplus when it comes to services. Overall, the €1.3 trillion trade relationship is off by only some €50 billion. Commission President Ursula von der Leyen this week revived the idea of scrapping all industrial #tariffs — in a “zero-for-zero” deal — on a mutual basis."

#EUPol #USPol

politico.eu/article/eu-takes-r

POLITICO · EU takes revenge on Trump’s tariffs as countries approve €20B+ retaliationBy Koen Verhelst
Replied in thread

@funguy2playwith @kims

Yikes. A great way to cut carbon emissions though.

‘For the US economy, much is at stake, with the inbound travel market a major revenue-earner worth $155 billion in overseas visitor expenditure, and with millions of Americans employed in the tourism industry.

‘In 2024, before the Trump administration took office and introduced its extreme version of enhanced vetting, more than 710,000 Australians visited the US, a nearly 17 per cent increase on the previous year.

‘Now the giant French hotel multinational Accor has warned that bookings from Europe to the US for this northern summer’s high season are down 25 per cent. Airlines such as the UK-based Virgin Atlantic are also sounding the alarm to investors.

‘Extraordinarily, in the past week, experts, via the pages of The New York Times and The Washington Post, have been recommending that foreign travellers at least delete “anything you wouldn’t want someone to read or see from your device before visiting the US”.’

Did a little punching up of my intro paragraphs.

"Donald Trump, on the other hand, showed up to the free market drunk, punched congress’s girlfriend in the tits, threw some gang signs, grabbed the wheel of the steamroller of American enterprise, and started shouting “YOLO!” while doing donuts in your stepmom’s flowerbeds. Steamroller donuts, each one cheered on more enthusiastically than the last by a cavalcade of botoxed ghouls from Fox News, OANN, Newsmax, and the entire consortium of Tenet Media connected podcasts caught red handed taking millions of dollars from Russian intelligence less than a year ago. It’s a trajectory of governance that's unrecognizable to the American electorate, though I have a bad feeling that anyone who lived through the rise of a populist strongman like Robert Mugabe, Victor Orban, or Hugo Chavez would feel the shock of recognition.

cryptadamus.substack.com/p/how

The Cryptocalypse Chronicles · How To Insider Trade And Influence People (With Tariffs)By Michel de Cryptadamus
#uspol#trump#MAGA

American Express, Visa and MasterCard are all US companies.
I don't understand much about finance, but can't this be problematic at some point?

Shouldn't the EU have its own payment circuit?

Is it possible that those companies would go bankrupt? Or apply extra-costs because the US government required it?