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struggle4progress

(126,683 posts)
Mon Jul 14, 2025, 01:02 PM Jul 2025

EU warns trade with US could be wiped out

By Anna Cooban and James Frater, CNN
Updated 12:39 PM EDT, Mon July 14, 2025

London
CNN

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.

“If (the tariff) stays 30 (percent) plus, simply trading as we know it will not continue, with huge negative effects on both sides of the Atlantic,” he added. “I will definitely do everything I can to prevent this super-negative scenario” ...

https://www.cnn.com/2025/07/14/business/europe-us-trade-tariff-wipe-out-intl

3 replies = new reply since forum marked as read
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EU warns trade with US could be wiped out (Original Post) struggle4progress Jul 2025 OP
It's TACO Time. Basso8vb Jul 2025 #1
Play stupid games, win stupid prizes. Initech Jul 2025 #2
Trump will destroy the entire US economy to make foreign countries kiss his ass. Irish_Dem Jul 2025 #3

Initech

(109,266 posts)
2. Play stupid games, win stupid prizes.
Mon Jul 14, 2025, 01:12 PM
Jul 2025

Fascism and authoritarianism is a stupid fucking game to play. The stupidest. When you play with fascism and authoritarianism, you are playing with fire. Fuck Trump.

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