2024 US Presidential Election

[JRPGfan]

Qwark said:

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.

Watching it on danish tv.
They legit mentioned "perphaps its time we look eastwards".

And yes, EU will retaliate in turn, to import taxes..... trade wars... Its gonna kick off again.

Your right about USA 's imports and exports.
The US imports $700 billion and exports $600 billion to the EU.
Its not a massive difference, so 20% on both, is going to cost Jobs and hurt the economy.

Also if goods favor the EU, maybe some services or such favor the US.
Its probably pretty even overall.  20% tax, is just going to hurt both sides.