this post was submitted on 14 Jul 2025
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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.

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[–] [email protected] 46 points 1 day ago (2 children)

i’m preparing for the EU to do nothing

that way if they do anything i’ll be pleasantly surprised

[–] [email protected] 8 points 1 day ago (1 children)

I expect them to prepare a tariff bomb on not only goods but services too that they won‘t unveil unless Trump really follows up on his threats.

[–] [email protected] 15 points 1 day ago* (last edited 1 day ago)

Ngl, trump waffling around with tarriffs is already causing major damage to the economy. Companies need to project costs for budgeting to keep their business operational. Him constantly putting out changing information is causing layoffs and all sorts of chaos.

All that to say, they should really nut up sooner than later.