Tariffs are calculated incredibly incorrect!
Reciprocal
The tariffs that were launched yesterday by Donald Trump are supposed to be reciprocal, a reaction to tariffs from the other side. But the calculation of those tariffs is completely ridiculous. According to Trump the EU is putting 39 % tariffs on products from the US. But there’s absolutely no reason to assume that. If there are tariffs they are closer to 5 % than to 39 %.
Now Trump put in 20 % to goods from the EU. And on other countries. This created a complete crash on the stock markets today and panic in the economy.
The big question is, is there a bigger plan?
Sincerely,
Pele23
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Honestly am not even in support of all this tarries back and forth…it would only cause more economical strain and ofcourse imbalance and not even suprised that they were calculated incredibly incorrectly like you said
We will have to wait and see what Trumps plan actually is and what countries will try to fight and who will fold.
People are panicing, let's see what happened next.
Even if Trump wins this dumb tariffs war agaist the world, the cost will be immense: the end of free markets.
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