EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat
nfh @ nickhammes @lemmy.world Posts 0Comments 333Joined 2 yr. ago
nfh @ nickhammes @lemmy.world
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Suddenly cutting off a lot of trade suddenly is a stupid and reckless move that would hurt people in their countries as much as it would hurt the US. It's basically the same behavior as Trump with his absurd tariffs, banning trade with a country, and taxing people obscenely to buy things from that country mostly work out to the same effects in practice.
Incentivizing other trade partners, and maybe slowly disincentivizing the US makes a lot of sense though. Maybe it made more sense years ago, but as they say, if the best time was yesterday, the next-best time is today.