Trump and his friends are making billions off manipulating the stock market by this mechanism.
Buy European
Overview:
The community to discuss buying European goods and services.
Rules:
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Be kind to each other, and argue in good faith. No direct insults nor disrespectful and condescending comments.
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Do not use this community to promote Nationalism/Euronationalism. This community is for discussing European products/services and news related to that. For other topics the following might be of interest:
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Include a disclaimer at the bottom of the post if you're affiliated with the recommendation.
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No russian suggestions.
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Benefits of Buying Local:
local investment, job creation, innovation, increased competition, more redundancy.
European Instances
Lemmy:
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Basque Country: https://lemmy.eus/
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๐ง๐ช Belgium: https://0d.gs/
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๐ง๐ฌ Bulgaria: https://feddit.bg/
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Catalonia: https://lemmy.cat/
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๐ฉ๐ฐ Denmark, including Greenland (for now): https://feddit.dk/
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๐ช๐บ Europe: https://europe.pub/
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๐ซ๐ท๐ง๐ช๐จ๐ญ France, Belgium, Switzerland: https://jlai.lu/
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๐ฉ๐ช๐ฆ๐น๐จ๐ญ๐ฑ๐ฎ Germany, Austria, Switzerland, Lichtenstein: https://feddit.org/
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๐ซ๐ฎ Finland: https://sopuli.xyz/ & https://suppo.fi/
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๐ฎ๐ธ Iceland: https://feddit.is/
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๐ฎ๐น Italy: https://feddit.it/
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๐ฑ๐น Lithuania: https://group.lt/
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๐ต๐ฑ Poland: https://fedit.pl/ & https://szmer.info/
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๐ต๐น Portugal: https://lemmy.pt/
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๐ธ๐ฎ Slovenia: https://gregtech.eu/
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๐ธ๐ช Sweden: https://feddit.nu/
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๐น๐ท Turkey: https://lemmy.com.tr/
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๐ฌ๐ง UK: https://feddit.uk/
Matrix:
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๐ฌ๐ง UK: matrix.org & glasgow.social
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๐ซ๐ท France: tendomium & imagisphe.re & hadoly.fr
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๐ฉ๐ช Germany: tchncs.de, catgirl.cloud, pub.solar, yatrix.org, digitalprivacy.diy, oblak.be, nope.chat, envs.net, hot-chilli.im, synod.im & rollenspiel.chat
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๐ณ๐ฑ Netherlands: bark.lgbt
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๐ฆ๐น Austria: gemeinsam.jetzt & private.coffee
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๐ซ๐ฎ Finland: pikaviestin.fi
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Iโm surprised Europe isnโt already boycotting all American products, im Canadian and Iโve actually saved money avoiding their stuff and finding either a local alternative or just going without. Most of the stuff we get from the US is junk food or sugary crap so itโs actually good to avoid them
The EU never really had much in terms of American products, ie food stuffs. The kind of American products the EU has is primarily internet services where there aren't always alternatives (or at least ones that are as polished as the big US ones). Then there's the fact that most people don't even consider a lot of things as American - WhatsApp isn't even recognised as owned by Mark Zuckerberg and Facebook/Meta, for example, for many people in spite of it being overwhelmingly the most popular messaging app in many countries.
Yeah im Canadian so we get a lot of their food, I see myself reaching for a snack item or ceral and when I notice itโs American I put it back. After I do I realize I really shouldnโt be eating that crap anyways so it saves me money and keeps me from eating so much junk food
I've definitely been doing it, but it's pretty hard to avoid US tech (both software and hardware). I can easily not buy bourbon or Heinz Ketchup, but not using commercial operating systems (I use linux, but y'know) or x86 CPU is kind of hard. Also, rightwingers see no reason to boycott Trump's US and we've got a bit of a problem with rightwing parties in most european countries.
Every bit counts, we can only do so much. Diapers for example are 99% from the U.S
There's no way that's true in europe.
Canadians appreciate your support when Trump announced tariffs against us so you will be able to count on Canadians supporting you.
Time to act like China and not bend to him.
China's strategy worked great, just counter any announced tarrif with an equal reciprocal tarrif and he'll back off eventually. I wonder if we have more or less to loose than China had.
No, blind retaliatory tariffs would be stupid. When someone is punching themselves in the face, the correct thing to do is not to also punch yourself in the face.
Tariffs have 3 effects:
- The buyer pays more.
- Because the buyer pays more, the seller makes fewer sales.
- The government collects tariff tax revenue.
Whichever way the tariff goes, export or import, it will negatively affect that nation's people. An import tariff, like this, would negatively affect local consumers. An export tariff (eg Canada tariffing electricity exports to the US) would negatively affect local businesses through lost sales (the genius with Canada is the US can't stop buying electricity, so sales local sales would stay the same).
The only way a tariff makes sense for a country is if the tariff tax revenue is reinvested into the local economy. For example, if you tariff imports, you should use that revenue to incentivise local businesses to grow to replace that import.
Trump is not doing that. He's just collecting tax money from American people. He's almost certainly going to spaff that away on some scam, probably crypto, and basically bankrupt the American taxpayer and fuck up everyone's livelihoods.
EU countries should not copy Trump and blanket tax their citizens for American imports. If the EU were to implement tariffs (and I argue this isn't necessary or worthwhile), they should only be done with a plan to reinvest, such that there is a net benefit. Blunt tariffs with no plan will almost certainly have a net negative effect.
China is like Trump, in that neither of them care much about the negative effects on their people. That's why China went hard with retaliatory tariffs. The EU does not need to emulate that behaviour.
Even if we lose more, we can't back down from a bully. We need to stand strong and roll with the punches
Totally, don't want our governments to be pushed over. Just saying I have no clue how we compare to China in this.
Donโt worry, heโll back down either way. Heโll just claim that heโs made a great deal with EU even if no such deal has been made, and then lower the tariffs again.
In our national news they've said that the EU made offers and the Trump Team didn't even responded to them, and they have the impression that they are severely understaffed and through the flowers indirectly said not very competent
They're also throwing out the Windows Garbage out of government and critical systems and switching to Linux, and want to audit the sources for the remaining systems
I say do nothing, as per another reply I made ITT.
Just because Trump hurts Americans with his beloved increased taxesโi.e. increased tariffsโdoesn't mean we should hurt our own people with the same. The MAGAts might enjoy that sort of masochism, but we don't.
I think this is a good idea. Trumps just fishing for a reason to backdown on Ukraine weapons deal. If this does nothing he will find another way.
Thank you, this is something I've been screaming from the rooftops.
Trump doesn't care about the American people who will pay his tariffs. China doesn't care about Chinese people paying their tariffs on US goods (although there are probably fewer US imports to China anyway). The EU does care about its people, and shouldn't tax them with tariffs.
Tariffs only work if you can prevent the local harm (eg Canada were going to tax electricity exports, the US can't stop buying electricity so Canadian businesses wouldn't lose sales) or to at least have a plan beforehand to reinvest in local businesses that can replace the imported good.
Forget physical goods, hit us where it really hurts. Use the intellectual property clause, and start cracking down on Big Tech.
The US makes all its money with power projection through its services, so fuck them up. Please.
And for heavens sake, Europe would be healthier with a little less Twitter and fewer fees payed to the US.
This would be the perfect time to call out their hypocritical extension of copyright through recent trade deals.
American tech companies have made fortunes by violating licensing and copyright laws. Force Uber and AirBNB to buy taxi and hotel licenses. Put an intellectual property tax on AI. Prosecute Paypal for banking without a charter, ban cryto as illegal currency... the list goes on.
That's another good idea;
and this would actually benefit most Americans.
โ
maybe have a 20-something-European entertainer calling himself "Kid Rock" who who does covers and derivations, decked out in EU stars, who publicly burns the American flag, and if he's a transman, even better. ๐
"Whatcha gonna do, MAGAts? Sue me? I live in Europe, where we have Freedom. not in USSA!"
I believe the economics agree, but the diplomats don't. I am hoping the economics are the reason the eu is taking their time to respond.
It seems ignoring him hurts his pride the most. No real response is needed anyway. EU has the whole process ready. Just take the map marked "Trump tariff", look in the index for 50%-75% and start from there. Probably the first step is a wait period for when he charges his mind yet again.
The real secret weapon against trump is taking his toys away. No one's managed to do it but I want more than anything is to win back the house and senate, take his Qatar plane away and use it for humanitarian aid.
I will fall asleep tonight dreaming of only this one thing.
We don't hurt our own people. Europeans shouldn't be buying US groceries anyway, there's no need to.
The only thing that is largely inescapable is software, and that mostly affects businesses anyway. The USians will hurt way more.
Do it. Please. The people need more negative press about the US. It hasn't reach enough people in the EU yet.
Hasn't reached enough people in the US, but it will
Have you ever seen such a schlubby looking President? Like his arms are down, shoulders as down as far they can be. Of course he's not doing the accordion hands thing which is sort of a plus for him. That suit looks like off the rack too, I bet he gets them tailored that way heh. He sort of looks like he's giving an 8th grade presentation for his class.
I will say it's highly probable this picture was chosen for those attributes, but it's not like his content or speaking skills would make it better than what is captured in an image. So I'm guessing the image captures the essence of the speech.
His ties are awful too. Why the fuck you want ties that are sooooo long? They look like a cartoon tie or something a clown would wear
Trying to disguise a paunch, and maybe look taller.
He'll back down. He's always backing down.
Must be some sort of adrenaline rush or something, threating big players. Then it wears off and everyone tries to explain he's being an idiot and eventually he backs down.
Edit: Don't forget the tariffs are paid for by us consumers.
As a Canadian, a little part of me wants him to increase the tariffs even more, to 100%, 200%, 300%, maybe more.
I want the lessons that Trump-voters are currently being taught, by the free market, to be as unambiguous as possible.
He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that's too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of 'worst case scenario', so that when he strikes a 'deal' (no matter how meaningless), he can declare victory. He's a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
Tie the highest possible tariffs to corporate sponsors of his regime, then you can punish the responsible people more effectively.
The announcements cause predictable stock market jumps that his sycophants can take advantage of over and over again
One example, Germany's stock market has been particularly strong this year, supported by fiscal policy but also in part by an increase in exports due to US retailers stockpiling German goods to avoid tariffs.
Today's report showed the economy grew double what was expected and initially the DAX went up significantly in response to that news, but it actually ended the day at a loss because of Trumps announcement.
Trump tanks stocks by announcing tariffs, advises his cronies to 'buy the dip' then once a deal is made there's a rush to buy causing a large jump in value, which maximizing profits.
He then advises his insiders when the next fiscally restrictive announcement will come so that they can sell before values tank again.
This is retaliation for sanctioning Russia. He will back down once the wall street start sitting their pants about interest rate increasing for Treasury bills.
He bankrupted 4 casinos, so he can bankrupt a country.
If Europe started liquidating its U.S. bond holdings that would accelerate the process.
Perhaps, as a Canadian, stuff from Europe (and Asia, and Latin America) might go down a bit.
A lot of companies are unfortunately talking about raising prices globally so Trump doesn't retaliate against them.
So the whole world is paying his stupid tariffs.
Get ready to sell those stocks, then buy again after, before rescinds again.