youtu.be
Fees, Fees, Fees, - A Randy Rainbow Song Parody
YouTube video by Randy Rainbow
#tariffs is an active hashtag on Bluesky. In the last 30 days, 931 people shared 2,694 posts with it — around 90 a day. Activity is down 45% versus the previous week, peaking on Aug 22 with 262 posts.
Tags most often used together with #tariffs.
en.killbait.com
EU and US Reach Preliminary Trade Deal with 15% Tariffs on European Exports
The European Union and the United States have reached a preliminary trade agreement following negotiations between President Donald Trump and European Commission President Ursula von der Leyen in Scotland. Under the deal, the US will impose a 15% tariff on all EU products, which is half the 30% tariff Trump had threatened to implement starting Friday. The agreement also includes provisions for the EU to open its markets to US exporters with 0% tariffs on certain products. Von der Leyen praised the deal, stating it would bring stability to both allies, which together represent nearly a third of global trade. Trump claimed the EU would increase its investment in the US by $600 billion, including US military equipment, and spend $750 billion on US energy sources over the next three years. This investment is expected to reduce Europe's dependence on Russian energy. Some products, such as aircraft, aircraft parts, certain chemicals, and agricultural goods, will be exempt from tariffs. A separate agreement on semiconductors may be announced soon. Trump also stated that the 50% tariff on steel and aluminum will remain in place globally. However, critics argue that the deal is unfavorable for Europe. The Washington Post noted that a 15% general tariff is worse than what EU officials had anticipated, as they had initially offered a 'zero for zero' deal on industrial products. The EU had previously avoided a full-scale trade war with its traditional military and economic ally. Trump frequently cites the $236 billion trade deficit in goods as evidence of European unfairness, but the US actually has a significant surplus in services like financial consulting, tourism, and education, which balances the trade relationship. The Financial Times' Martin Sandbu argued that the EU had the tools to avoid this outcome and should not have ceded to Trump's demands. The EU has other tools, such as the 'Instrument against Coercion' (ACI), which allows the Commission to impose economic measures beyond tariffs to respond to foreign coercion. Some European leaders, including French Prime Minister François Bayrou, criticized the deal as a capitulation to the US, calling it a 'dark day' for a free alliance of peoples. German Chancellor Friedrich Merz praised the deal for avoiding a trade war, but industry leaders like Wolfgang Niedermark of the German Industry Federation called it an 'inadequate compromise' that will negatively impact Germany's export-oriented economy. Russian official Dmitry Medvedev criticized the agreement, stating it strips Europe of its economic defenses and forces dependence on expensive US energy. The article argues that the European Commission could have avoided this outcome by imposing a 100% tariff on Hollywood films and digital services taxes on US tech companies like Microsoft and Google, which would have hurt Trump's interests more than the current deal. The author concludes that von der Leyen's negotiation tactics have led to a deal that benefits US interests at Europe's expense, symbolizing Europe's decline.
www.vinetur.com
Massachusetts treasurer says U.S.-Canada tariffs are destabilizing the alcohol business
Deb Goldberg said the trade fight is raising costs for brewers, importers, retailers, threatening jobs, tax revenue, product supply
www.vinetur.com
Canadian drink makers shift can orders to China after U.S. tariffs raise costs
North American can prices have climbed about 50%, making some Chinese containers up to 8 cents cheaper.
www.wsj.com
How Harley-Davidson, an American Icon, Became a Tariff Punching Bag
The U.S. motorcycle maker’s politically sensitive profile keeps it on the tariff payback list.
replaye.com
Bessent says US, Chinese officials considering lowering tariffs on 'noncritical' items - Replaye
Treasury Secretary Scott Bessent said Monday officials from the U.S. and China are considering lowering tariffs on “noncritical” products, as President Trump prepares to host Chinese President Xi Jinp...
masto.ai
Original post on masto.ai
www.washingtonsun.com
Germany Is Paying the Price for Trump’s EU Feud
Trump’s escalating tariff threats and Chinese competition are crushing Europe’s top exporting country.
mastodon.social
Original post on mastodon.social
thehill.com
Carney’s Euro trip inflames Trump tensions
The tension between President Trump and Canadian Prime Minister Mark Carney has only intensified amid the latter’s cozying up with the European Union (EU) on a high-profile trip this week. Th…
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