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Trump finalizes tariffs on Canada, Mexico, China, triggering likely trade war

Discussion in 'Too Hot for Swamp Gas' started by gator_jo, Feb 1, 2025.

  1. ETGator

    ETGator Long-Time Gator Stuck In East Tennessee Moderator VIP Member

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    I can't swear this is entirely accurate because I haven't listened to the whole video but here is a summary:

    Europe is significantly shifting away from China, a move estimated to cost Beijing nearly $1 trillion. This change is driven by concerns over unfair trade practices, economic dependence, and security risks associated with Chinese technology and investments. The EU is implementing measures like increased tariffs on Chinese electric vehicles, blocking Chinese companies from medical device contracts, and scrutinizing Chinese tech firms like Huawei.
    • This shift stems from China's attempt to rely on Europe as a market after facing US tariffs, but Europe is now prioritizing its own economic interests and security.
    • The EU is also strengthening ties with Taiwan and seeking alternative sources for critical materials, signaling a broader strategy to reduce reliance on China.
    • China's attempts to manipulate public opinion through social media and its failure to deliver on promises through initiatives like the Belt and Road Initiative have further eroded trust.
    • The EU is now exploring closer trade relationships with the US and other countries to diversify its economic partnerships and reduce its dependence on China.
     
    • Agree Agree x 1
  2. gator_jo

    gator_jo GC Hall of Fame

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    Seems like a great time for Trump to construct trade agreements that are more than mere fiction ....


    Trump promised Britain a trade deal. So where is it? – POLITICO

    A month after the “historic” trade deal between the two sides was announced, duties remain in place with no clear timeline for when they’ll lift.
     
    • Funny Funny x 1