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JRPGfan said:

Trump wants more import taxes, against Europe and China.
You know that anything he puts up, is going to be returned back at him.
So America exports to EU will be 20% more expensive, and vice versa.
Meanwhile a 60% import tax to china... will make all the imports Americans love so much rise in price.

Imagine the next Iphone just jumps 60% in price, because its made outsides the USA.
That is not going to help the inflation we experience any.

Well those are the plans USA citizens supports, I doubt EU will do the same though. Also when it comes to the US this a huge net win for the US since they:

Import a lot more from EU than export

It's time for EU to start rationalising trade with China as cooperation will bring EU and China much further than demonisation. That will permanently destroy the transatlantic agenda, but let's be fair that agenda has been dead for a long time. Will be interesting to see if PS5 and Switch 2 will increase in price.



Please excuse my (probally) poor grammar