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submitted 1 week ago* (last edited 6 days ago) by geneva_convenience@lemmy.ml to c/worldnews@lemmy.ml

The deal includes $600bn (£446bn) of EU investments in the US, and the bloc will buy $750bn (£558bn) of US energy and also purchase American military equipment.

Mr Trump said: "I think it's great that we made a deal today instead of playing games and maybe not making a deal at all."

He said: "We are agreeing that the tariff... for automobiles and everything else will be a straight across tariff of 15%." However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would stay in place.

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[-] Archangel1313@lemmy.ca 25 points 1 week ago

No one can actually stop Trump from imposing tariffs on his own country.

[-] geneva_convenience@lemmy.ml 14 points 6 days ago

That's what counter tarrifs are for.

[-] elucubra@sopuli.xyz 18 points 6 days ago

So, Americans will pay a 15% tax, while not getting those manufacturing jobs.

[-] mathemachristian@lemmy.ml 4 points 6 days ago

and our misleaders ensured that we will not only lose out on profits but also pay for the privilege.

[-] JayBeeTX@lemmy.world 2 points 6 days ago

To be fair, the U.S. generally makes the best weapons.

[-] geneva_convenience@lemmy.ml 13 points 6 days ago

Not really. Their price to performance ratio is usually terrible and the maintenance cost extremely high.

[-] mrdown@lemmy.world 3 points 5 days ago

Uk have zero risk of getting attacked

[-] ABetterTomorrow@sh.itjust.works 2 points 1 week ago

They didn’t say when lol

[-] queermunist@lemmy.ml 74 points 1 week ago

If you're looking for resistance to the US empire it isn't going to come from Europe.

[-] SpicyLizards@reddthat.com 17 points 6 days ago* (last edited 6 days ago)

I hate that you're correct

[-] KingGordon@lemmy.world 69 points 1 week ago

Europe didnt agree to a 15% tariff. Americans are paying the fucking tariff.

[-] geneva_convenience@lemmy.ml 9 points 6 days ago

You are technically correct, but without any counter-tariffs Europe is practically paying the tariffs.

[-] DacoTaco@lemmy.world 2 points 4 days ago

No they arent, usa customers are..

[-] mathemachristian@lemmy.ml 5 points 6 days ago

Europeans lose out on the profit. Thats what a tariff mainly does, divert the profits from the company to the government.

[-] qyron@sopuli.xyz 2 points 6 days ago
[-] mathemachristian@lemmy.ml 6 points 5 days ago* (last edited 5 days ago)

The price of the import remains constant, maybe jumps a bit, but the costs rise. That means less profits and the cost is paid to the seppo government, hence my comment about diverting profits from europe to the seppo government.

[-] Pyr_Pressure@lemmy.ca 5 points 5 days ago

If a company isn't going to make a profit selling to America, they aren't going to sell it.

So the item the previously listed for $100 and made a $10 profit on, will now cost $115 for that same $10 profit. They won't all of a sudden drop the price by $15 to keep the sale price at $100 and then take a $5 loss on each sale, they will simply stop selling the item or Americans will need to pay $115 for the item and the government gets $15 and the company still gets $10, but it's still the Americans paying that $15 to the government, unless there is already a locally made item which sells for $105 then Americans will buy that instead and the European company can't compete anymore and will stop selling their product and Americans have less choice in the stores.

[-] mathemachristian@lemmy.ml 1 points 5 days ago

Thats why i said less profits and not no profits. If they could have sold it for $115 they would have. There might be some price gouging using the tariffs as an excuse but its not gonna be such an effect across the board i dont think.

What I was thinking of was an item with a >15% profit margin now being less but not necessarily unprofitable.

If there is no profit to be made then yeah all the previous profits will go into the hostile countrys private sector since the gap is gonna be closed by domestic companies which is what trump means when he says that tariffs will bring jobs back.

[-] qyron@sopuli.xyz 2 points 5 days ago

seppo

What does that mean?

[-] Jayve@lemmy.world 5 points 5 days ago

Seppo = Septic Tank = Yank = American.

[-] NChiwana76@lemmy.world 53 points 1 week ago

Europe agrees with Trump that Americans should pay the tariffs.

[-] Warl0k3@lemmy.world 20 points 1 week ago* (last edited 1 week ago)

How long before the EU stops complaining about the Chinese EV boom just to spite trump? I mean christ that one is at least extremely transparent... god this guy is an idiot.

[-] Tenderizer78@lemmy.ml 10 points 6 days ago

Europe has a pretty sizable car industry, that's why they're concerned about Chinese EV's.

[-] JustJack23@slrpnk.net 20 points 1 week ago

Our leaders are spineless... The US says jump and we jump it's pathetic. I really wish the people of Europe organized more and put up stronger resistance because our leaders will not do shit.

[-] Etnaphele@lemmy.world 6 points 6 days ago

It’s not just ideological or lack of authority, EU economy is deeply intertwined with US’s one: if your main ally turns his back on you, you’re in deep shit no matter what you do. I agree that harder times could be beneficial (other comment to yours), but try to survive Trumps legislation could also work. In my view, it’s the decades before this that prepared the field for trouble: both with Russia and USA, Europe has made itself too dependent on foreign countries (for energy and defense, core matters with regards to be strong on an international field)

[-] mathemachristian@lemmy.ml 7 points 6 days ago

"deeply intertwined" is a nice way of saying "owned by"

[-] Etnaphele@lemmy.world 1 points 6 days ago* (last edited 6 days ago)

I think this is excessive, the concept of ownership is on another level. But I get what you mean.

[-] mathemachristian@lemmy.ml 5 points 5 days ago* (last edited 5 days ago)

The usa effectively controls our subcontinents economy via energy. We are all but outright forbidden to buy from other nations such as russia, see e.g. nordstream 2. They who can destroy a thing own that thing.

[-] P00ptart@lemmy.world 5 points 6 days ago

That would certainly help both sides of the Atlantic. We need to hurt for anything to change on our side.

this post was submitted on 27 Jul 2025
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