The U.S. is the world’s largest consumer market by a factor of 3. So it’s more accurate to say “Give me what I want or I’ll take away a sizable chunk of your customers, potentially causing you financial ruin”
You and I both know that the U.S. won’t just magically and instantly stand up its own production to replace your countries market, but in this case he just needs American companies to start importing from a different foreign country with lower tariffs. The effect this has on your country depends on how much your country’s GDP comes from exports to America, but it’s potentially very harmful.
As an American this sucks because long term, long after this dude is gone, our trading partners will have already adjusted who they’re exporting to in order to absorb a loss like this, and I doubt that’d change for decades.
European markets don’t tend to send the US products, it tends to be services. There isn’t anyone else, at least there isn’t anyone else who doesn’t already also have tariffs on them.
He went tariff mad a little while ago and decided to put tariffs on everyone, including nations who’ve never traded with the United States because they have a population of six people and 3,000 koalas.
Plenty of EU countries export a significant portion of their extra-EU goods for export to the U.S. , many of which are around 20-25%. Ireland tops the charts with a whopping 46%.
Overall goods you’re still talking about ~10%. I’m sure that number will be shrinking substantially over the next decade.
The U.S. is the world’s largest consumer market by a factor of 3. So it’s more accurate to say “Give me what I want or I’ll take away a sizable chunk of your customers, potentially causing you financial ruin”
You and I both know that the U.S. won’t just magically and instantly stand up its own production to replace your countries market, but in this case he just needs American companies to start importing from a different foreign country with lower tariffs. The effect this has on your country depends on how much your country’s GDP comes from exports to America, but it’s potentially very harmful.
As an American this sucks because long term, long after this dude is gone, our trading partners will have already adjusted who they’re exporting to in order to absorb a loss like this, and I doubt that’d change for decades.
European markets don’t tend to send the US products, it tends to be services. There isn’t anyone else, at least there isn’t anyone else who doesn’t already also have tariffs on them.
He went tariff mad a little while ago and decided to put tariffs on everyone, including nations who’ve never traded with the United States because they have a population of six people and 3,000 koalas.
Edit grammar
Plenty of EU countries export a significant portion of their extra-EU goods for export to the U.S. , many of which are around 20-25%. Ireland tops the charts with a whopping 46%.
Overall goods you’re still talking about ~10%. I’m sure that number will be shrinking substantially over the next decade.