Proposal for 10-12.5% levies, to also include EU, Taiwan and Australia, would allow US president to skirt court-imposed limits
Donald Trump has threatened tariffs of between 10% and 12.5% on 60 trading partners including the UK, the EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy.
The EU immediately hit back, saying it expected the US to respect the tariff deal it entered into last July and arguing that stealth tariffs breached the spirit of that agreement.
The proposed levies on partners accused of allowing imports of goods produced by workers under coercion come after the US supreme court ruled in February that the president’s “liberation day” tariffs were illegal.
Trump responded by imposing 10% across-the-board tariffs, but last month the US trade court found those were also unlawful, although they remain in place during the appeal process.
Donald Trump has threatened tariffs of between 10% and 12.5% on 60 trading partners including the UK, the EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy.
The EU immediately hit back, saying it expected the US to respect the tariff deal it entered into last July and arguing that stealth tariffs breached the spirit of that agreement."
This is just one more reason why the U.S. has zero credibility. Who would bother entering into a trade agreement when the other side won’t honor it?
Um, we have a for profit prison system based off literal slavery, and he’s trying to use that excuse. Jesus fucking christ.
forced labour failures
Again, projection
If you go shopping and every time the store threathens you to change their conditions you will take your business elsewhere. Soooooo …
as a Canadian: “Oh no!..anyways…”
yeah, these “threats” aren’t very threatening anymore. we just don’t really care.
Globalize, outsource, and offshore me once, shame on you. Globalize, outsource and offshore me again, shame on me.
Reciprocity solves all problems. In the end, you end up not trading with belligerents.
If money is involved, there is always somebody who will trade.
When one party is untrustworthy, the other party figures out a way to mitigate their risks. Raising prices, reducing capital expenditure for the country, increasing insurance coverage, not offering credit (prepayment only) and diversifying their trading partners are common ways. All of these methods long-term fuck over the belligerent party.
The effects of this dumbfuckery will hurt the U.S. economy for 20+ years.
This shit again?
Too soon… It isn’t tuesday yet ;)
