Tariff War
- Thread starter Silver Soul
- Start date
EU expects $29 billion hit from Trump’s steel and aluminum tariffsWith Donald Trump’s 25% tariffs on steel and aluminum exports set to come into force on March 12, the European Union fears it will mark a massive escalation in the trade war with the US.Maros Sefcovic, European Commissioner for Trade and Economic Security, met with US Commerce Secretary Howard Lutnick. Sefcovic proposed a deal to lower tariffs on industrial goods, including cars, one of Trump’s long-standing demands, Bloomberg reported.The US-EU trade war began in 2018 when Trump’s previous round of tariffs affected about $7 billion of European metal exports. The 2018 tariffs allowed exemptions for certain products which the new measures do not.
Trump's trade war against China destined to FAIL
Washington can't dictate terms because China's economy is too diversified. The numbers prove it:
China's exports rose 7.1% to $3.5 trillion in 2024 with the US accounting for just $524.6 billion, per the General Administration of Customs
The share of Global South countries and regions in China's exports ($1.67 trillion) has surpassed that of the top industrialized nations ($1.4 trillion)
Global South countries and regions account for nearly half of its total trade volume, or $2.8 trillion
China trades with 150+ economies
China's total goods trade grew 5% year-on-year to $6.1 trillion in 2024,
ASEAN has remained Beijing’s largest trade partner for five consecutive years
China's top 5 partners by total trade volume (2024)
ASEAN – $982 billion
EU – $785.8 billion
US – $688 billion
Latin America – $518 billion
Africa – $295.5 billion
China is steadily reducing reliance on the US market, shifting its focus to Global South consumers.
As Donald Trump doubles tariffs on all Chinese imports from 10% to 20%, Beijing has responded with 15% and 10% tariffs on US agricultural products - impacting $21 billion in exports.
Washington can't dictate terms because China's economy is too diversified. The numbers prove it:
China's exports rose 7.1% to $3.5 trillion in 2024 with the US accounting for just $524.6 billion, per the General Administration of CustomsThe share of Global South countries and regions in China's exports ($1.67 trillion) has surpassed that of the top industrialized nations ($1.4 trillion)Global South countries and regions account for nearly half of its total trade volume, or $2.8 trillionChina trades with 150+ economiesChina's total goods trade grew 5% year-on-year to $6.1 trillion in 2024,ASEAN has remained Beijing’s largest trade partner for five consecutive yearsChina's top 5 partners by total trade volume (2024)
ASEAN – $982 billionEU – $785.8 billionUS – $688 billionLatin America – $518 billionAfrica – $295.5 billionChina is steadily reducing reliance on the US market, shifting its focus to Global South consumers.
As Donald Trump doubles tariffs on all Chinese imports from 10% to 20%, Beijing has responded with 15% and 10% tariffs on US agricultural products - impacting $21 billion in exports.
Trump thinks he is a Messiah a messenger from god to save America! He thinks that tariffs will save the mighty empire of the greenback printing presses. Very laughable as its very structures crumble within. Their system is corrupt they don't care about the next man/woman they sit next to It is all about greed the capitalist way. Rome all over again. It's legacy chewing gum and Coca-Cola crap.
Haha i like how bluntly and clear spoken most are here no bullshit just straight up, mostly people now hide pretence behind other motivations,bury there head in the sand or are so distracted by social media and bullshit scrolling like zombies being hacked and tracked following trends that in their own minds are their own thoughts.
