The big problem is that it's 15% US tariffs and no reciprocal EU tariffs.
The problem created is this: EU firms get shut out of the US, but the US firms that compete with them are not shut out of the EU. Thus the US firms can operate at greater scale and outcompete the EU firms, leading to one-sided job losses having nothing to do with merit.
So I can have a great, well-run EU firm and do everything right, and then I can lose it all for no reason, due to this insane political decision.
If this is the protection the EU offers, then why should I invest my money here? Why should I even live here? Because from this I can only read it as that the commission believes that Americans should have more rights than I do and that I shouldn't be allowed to have a business.
This is incorrect. US firms also have to pay tariffs in the US, unless the products are manufactured in the US, which almost none of them do. And that's unlikely to change any time soon because it is cheaper to pay 15% tariff that it is to manufacture in the US.
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[ 3.0 ms ] story [ 20.1 ms ] threadRussia shot itself in the face creating a failed state at its border and destroying trade relations.
The problem created is this: EU firms get shut out of the US, but the US firms that compete with them are not shut out of the EU. Thus the US firms can operate at greater scale and outcompete the EU firms, leading to one-sided job losses having nothing to do with merit.
So I can have a great, well-run EU firm and do everything right, and then I can lose it all for no reason, due to this insane political decision.
If this is the protection the EU offers, then why should I invest my money here? Why should I even live here? Because from this I can only read it as that the commission believes that Americans should have more rights than I do and that I shouldn't be allowed to have a business.