this post was submitted on 04 Apr 2025
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What Canada, Mexico, Japan, the UK, and the European Union should do in response to Trumpโ€™s grossly irresponsible tariffs (robertreich.substack.com)
submitted 2 weeks ago by Sunshine@lemmy.ca to c/buyeuropean@feddit.uk
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What should other nations do?ย My strong recommendation to Canada, Mexico, Japan, the United Kingdom, and the European Union is to join together to create a free trade zone that excludes the United States, imposing at least a 10 percent tariff on all imports from America.

They should also threaten to limit American banksโ€™ access to their public stock markets, put limits on what their citizens can invest in American companies annually, and increase taxes and regulations on American digital platforms.

They will be tempted to negotiate and do so individually. They should not. They need to negotiate from a position of strength. A non-U.S. free trade union will give them that strength.

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[โ€“] FelixCress@lemmy.world -1 points 2 weeks ago* (last edited 2 weeks ago) (17 children)

The EU is not subject to American tariffs. American consumers are subject to American tariffs. EU consumers would be subject to EU tariffs.

EU businesses are affected by American tariffs because it means reduced sales.

There is absolutely no reason to not apply the same tarrifs on products from the USA as the USA applies. Quite the opposite, appeasement of dicatotors never works - they only understand strength.

[โ€“] Tweak@feddit.uk 3 points 2 weeks ago* (last edited 2 weeks ago) (16 children)

You seem like you're being willfully ignorant and clinging to that.

I've explained the reason: BECAUSE CITIZENS OF THE COUNTRY THAT SETS THE TARIFF PAYS THE TARIFF.

Americans won't pay the retaliatory tariff. A retaliatory tariff will only have a small effect on American businesses. It will have a big effect on citizens of the country that set the tariff.

Not setting a tariff isn't appeasing Trump. It's taking the wellbeing of your country first, and not getting drawn into a pointless trade war.

Literally the main and most immediate purpose of a tariff is to raise money for the government. America is taxing Americans with a tariff, but they have no plan to spend that money (because Trump is going to steal it). If other governments are also going to raise money through their own tariff tax, then they should do so with a plan to spend the money on their country - they shouldn't just copy Trump and do what he does, BECAUSE THAT WILL HURT THEIR OWN CITIZENS, JUST LIKE TRUMP IS HURTING AMERICANS.

[โ€“] FelixCress@lemmy.world -2 points 2 weeks ago* (last edited 2 weeks ago) (8 children)

By not responding to Trump tarrifs you are appeasing him. Which means he will double down.

You are a enabler.

Not responding to Trump tarrifs would be as irresponsible as not responding to Russian Crimea seizure.

[โ€“] Tweak@feddit.uk 1 points 2 weeks ago (1 children)

You are being ridiculous and calling me names. Grow up, slow down, read what I've said and actually think about it. Instead of just acting irrationally and emotional.

I didn't say not to respond, I said not to do the exact same thing he's doing.

Import tariffs are a tax on local people. Raising taxes must be justified. In particular, there must be a plan to spend the money raised through tariffs.

Trump has not given any plan, because he is almost certainly going to steal the money.

If any other country wants to implement a tariff, they must do so with a plan to better their country with the tariff revenue, otherwise they're no better than Trump. You are, in fact, trying to encourage them to do this with no plan. You are enabling other politicians to be like Trump.

Don't do that.

[โ€“] FelixCress@lemmy.world -2 points 2 weeks ago (1 children)

You are being ridiculous and calling me names. Grow up, slow down, read what I've said and actually think about it. Instead of just acting irrationally and emotional.

You are being ridiculous. You want to appease Trump so badly that you are disguising it as an action on behalf of societies this cunt just sanctioned.

You are a moron.

[โ€“] Tweak@feddit.uk 0 points 2 weeks ago (1 children)

How am I trying to appease Trump? You call me a moron, and yet nothing you say makes sense.

At least we can agree that Trump is a cunt lol.

All I'm saying is that IF a country wants to apply a retaliatory tariff, they should do so in the interests of their own country. They should ring fence the revenue from the tariff and re-invest that in local businesses to replace the foreign imports.

However I don't think that's necessary. America isn't a cheap manufacturing source, it's expensive high tech. Tariffs are meant to balance prices - like tariffs on cheap Chinese EVs, such that other EVs can be competitive on price. American stuff is already more expensive, so a tariff doesn't change the equation.

People don't need tariffs to incentivise themselves not to buy American. They need alternative options to American goods and services. Tariffs won't do that, at least not without proper planning and re-investment.

[โ€“] FelixCress@lemmy.world 0 points 2 weeks ago (1 children)

How am I trying to appease Trump?

Have a think. Slowly.

[โ€“] Tweak@feddit.uk 0 points 2 weeks ago (1 children)

I've demonstrated a lot more thinking here than you. You've presented nothing, you're just attempting to be insulting. The most likely reason for this is that you don't know how to argue nor have anything to back up your position, ultimately because you're wrong.

[โ€“] FelixCress@lemmy.world 0 points 2 weeks ago (1 children)

The most likely reason for this is that you don't know how to argue

Nope, it is because I learned already years ago not to argue online with halfwits.

[โ€“] Tweak@feddit.uk 0 points 1 week ago (1 children)

Again with the names. If you could acutally come up with something of actual meaning and relevance, I might feel insulted.

But you don't have meaning, what you say is irrelevent, and you don't have value. You say you don't argue and yet you've replied every time, because there's nothing else for you.

Applying a retaliatory tariff, as you suggest, is what would be appeasing Trump. He wants to wreck everything - not just the US - and retaliatory tariffs would do just that.

Thank fuck you don't decide economic policy. I'd hate for a nation and its people to be in such a sorry state.

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