this post was submitted on 23 May 2025
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Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.

Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are "going nowhere."

In a post on his Truth Social platform, Trump wrote that he was "recommending a straight 50% Tariff on the European Union, starting on June 1, 2025."

Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.

"The concept of Apple producing iPhones in the U.S. is a fairy tale," prominent tech analyst Dan Ives said in response to Trump's threat Friday.

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[–] Buffalox@lemmy.world 65 points 18 hours ago* (last edited 15 hours ago) (3 children)

OK Trump, but while you are trying to figure out what the most scary import tax is, and destroying American business globally, we are working on getting rid of American services and weapons. And China is now a less unpopular trading partner than USA in EU!!

We shall see who wins in the long run...

[–] Nikelui@lemmy.world 63 points 18 hours ago (3 children)

China is winning without doing anything

[–] NoForwardslashS@sopuli.xyz 29 points 17 hours ago

They worked out that "The Art of the Deal" means "agree to my deal right now, or I will shit the bed".

If you just don't get in the bed you're fine.

[–] madame_gaymes@programming.dev 11 points 17 hours ago* (last edited 17 hours ago) (1 children)

Makes sense, considering Taoism comes from China. The philosophy is "wu wei", which essentially means, "Action without Action."

https://en.wikipedia.org/wiki/Wu_wei

[–] Buffalox@lemmy.world 13 points 14 hours ago (1 children)

I think here we call it. "Don't interrupt your enemy when he is busy destroying himself."

[–] madame_gaymes@programming.dev 9 points 13 hours ago (1 children)

Pretty sure that's a French thing (Napoleon), but maybe you're French and that's what you mean by "here."

Sun Tzu also said something similar before Napoleon (Art of War, Ch 4-2):

To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.

[–] Buffalox@lemmy.world 7 points 13 hours ago

Here is "the west".
Maybe Napoleon said it first IDK. I'm from Denmark, but I heard it from Americans.

[–] Buffalox@lemmy.world 11 points 15 hours ago

I agree, China is probably the biggest winner in this.

[–] krashmo@lemmy.world 11 points 13 hours ago

He's gonna be dead soon enough one way or another. He doesn't give a fuck about the future. He's just trying to profit as much as he can right now.

[–] FarceOfWill@infosec.pub 10 points 16 hours ago* (last edited 16 hours ago) (1 children)

Trying to fight the EU in a trade war is truly mud wrestling a pig.

[–] Buffalox@lemmy.world 11 points 15 hours ago* (last edited 14 hours ago)

Did you know that before Trump started this, the average tariff in EU on American goods was about 1%?
So the question is why the fuck Trump really did this? Except we already know, the plan was to use tariffs as the main taxation income for government, and give extreme tax cuts to the rich.
Trump is trying to be clever, to benefit himself and those that bribe him. But he is really stupid, and after he is finished everybody will be worse off.