this post was submitted on 14 Jul 2025
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The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

A tariff of “30%, or anything above 30%… has more or less the same effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday.

Šefčovič said it will “be almost impossible” for the bloc to continue its current level of trade with America if that new tariff rate is implemented on August 1 – the date stipulated by US President Donald Trump in his letter to the EU on Saturday.

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[–] jhymesba@lemmy.world 25 points 1 day ago (1 children)

Message to Europeans from an American.

It's time to start looking for other trading partners. Canada and Mexico come to mind. So does South America and Africa as a whole. Be ready for us to shit the bed in epic fashion, and make sure you're not in the poo position. And don't be afraid to punish us for our BS. Just be strategic with the payback and don't copy our fails.

[–] HowRu68@lemmy.world 6 points 1 day ago* (last edited 22 hours ago)

It's time to start looking for other trading

The EU has been doing that. But it's difficult to replace a 30T economy, representing 15% of the global aggregate of the world's GDP.

With Tariffs, the outcome will always be a big loss worldwide. For some more than others.

Add: It's already been harming USA manufacturers according to this AP article ,

" US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump. (...).But the factory investment spree has faded as the incoming Trump administration launched trade wars and, working with Congress, ended Biden’s subsidies for green energy. Now, predicts Mark Zandi, chief economist at Moody’s Analytics, “manufacturing production will continue to flatline.”