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Trump gives EU until 4 July to ratify trade deal or face ‘much higher’ tariffs (www.theguardian.com)
submitted 4 months ago by to c/world@lemmy.world
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[–] 20 points 4 months ago (2 children)

If I was the leader of these countries and unions, I’d just ignore him. Literally just do nothing

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  • [–] 5 points 4 months ago (1 child)

    Tarrifs are paid for by the importer, so there isn't anything to do anyway. But what does then happen is consumers in the US will be conscious of the tarrifs and select cheaper products from non-tarrif'd countries. So there is an effect to be had on the EU whether they do anything or not.

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  • [–] 6 points 4 months ago

    It's just another distribution of wealth to the top. The cash is collected, the tariffs deemed illegal and the big box stores keep the money. The courts will get overwhelmed with class actions and the consumer will get $2.75 back if they can send in their receipts.

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