EU considers $108B in retaliatory tariffs on US over Trump's threats
reuters.comWe should allow ASML to sell machines to China. Europeans have nothing to gain from that embargo, US big tech are the sole beneficiary of it. Every US gov has been messing with our industry and we've accepted it because we collectively think we're weak: Airbus and Alstom are particularly prominent cases.
This is good. They need to make sure to target sovereignty-washing offers from MSFT and AWS as well, maybe that will finally get Europe's critical institutions off of US Big Tech.
The great divorce is underway. An exciting time for European tech.
> The great divorce is underway.
Just a normal marriage issue. The "lady" is too dependent on "his" money to take any serious action.
> An exciting time for European tech.
Any news ? I thought "European tech" loves Microsoft, Apple, Google and Amazon. And, in time of elections, also X and Meta.
EU is in a tough place. Economically and security wise, we are in a bad situation due to the EU-Russian split, which was actually started by the US with their moronic NATO expansion policy during the GWB presidency. Now, when we are weakened, the bully comes and takes our lunch money. EU politicians should start taking realpolitik lessons, the rest of the world is playing with us.
Long overdue that the Idiot in Chief got a taste of his own medicine. Target American tech firms first!
The initial tariffs will target companies close to Trump's voter base - jeans, motorcycles, etc.
After that, there is a multi-staged anti-coercion instrument that is much uglier, including measures like denying US companies access to the single market and targeting intellectual property rights.
> The initial tariffs will target companies close to Trump's voter base - jeans, motorcycles, etc.
I think I've seen this movie 6 months ago. At the end, the main actor gave up and accepted its fate. The evil won. Why would this time be different ?
Just one of the threats, actually.
True title: EU considers $108 billion in retaliatory tariffs on US over Trump's Greenland threat, FT reports