re: EU plans concessions for Trump after reciprocal tariffs hit.

What “concessions”? I’m not celebrating until I know what they are giving up.

Roger will not be amused.

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What “concessions”? I’m not celebrating until I know what they are giving up.

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too bad you can't ignore the thread until then

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Are there better sources reporting this? Concessions in what manner?

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Bloomberg

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That has prompted the European Commission, which handles trade matters for the EU, to start working on a “term sheet” for a potential agreement, which would set out areas for negotiations on the punitive trade measures, including lowering its own duties, mutual investments with the US as well as easing certain regulations and standards, said the people, who spoke on the condition of anonymity.

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https://finance.yahoo.com/news/eu-plans-concessions-trump-reciprocal-131627468.html

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It amazes me that they've been tariffing us the entire time, and were crying foul when we said enough is enough.

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Trump exposing how Democrats have sold America out for YEARS

Got to be one stupid MOFO to still be believing Dems care about America

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its almost like Trump knew this would happen

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"concession" sounds like a step in the right direction but "capitulation" is the real word they need to be using

Thanks. That's promising.

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Why did they have tariffs in the first place?
All I hear is that they are taxes and cause inflation. Amazing they would do that to themselves.

Unless…

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The percentage of cars bought in Europe, made outside of Europe, does not come close to that of cars bought in America, made outside of America. This is how it is for most items in Europe. The impact of tariffs on an EU economy is rather minimal. It's not like that in the US where we import so much stuff.

There's a big difference between each European nation and the US. We are much larger, more diverse in weather and terrain and what we produce etc. If they don't protect themselves to a certain degree, they can't make it. And it's not the case that everything we send gets a higher tax / tariff than what Europe sends our way.

For example, from Industry Week, "However, within the auto sector, the United States puts a 25% duty on imports of trucks and pickups, significantly higher than the 14% duty similar European products face in America....
On the other hand, the United States has a stinging 164% duty on European peanuts while the equivalent U.S. product faces duties of only 1.8% in Europe.

European exports of shoes (48%) and textiles (12%) also face much higher tariffs than similar US goods do on arrival in Europe."

We get almost half our cars from overseas, and most auto parts. A tariff on those things is massive inflation for us. That's how the math works out.

Also, Trump's tariffs may impact these companies that produce here in the US but then send the products elsewhere. Companies like Volvo have stated that if they are hit with tariffs or taxes for making stuff here but sending it somewhere else, they will get rid of half the employees here in the US.

Imagine how cheap we could get new, reliable trucks if we didn't have a 25% duty on them already, as mentioned above. As a side note, if we insulate ourselves with tariffs, what do you think that will do to domestic auto makers? You think they'll just gouge the US consumer and go stale on innovation, quality enhancement, and the like? Of course they will.

The problem we face isn't so much about trade imbalance, it's that we offshored so much critical stuff - we don't make our own stuff any more. We are dependent on China for medications, and so on. Rather than this tariff sledgehammer we need precise measures to insure we manufacture critical items here in the US. Another critical item is power grid parts. Go read on critical infrastructure issues and you'll wonder why Trump is wasting time with this tariff nonsense.

We'd be better lowering some tariffs, getting better, higher quality, cheaper products so that sales increase and more money flows into the govt which can be used to revive the manufacture of things we need like medicine and power grid parts. This is also where we can sever funds to those that invaded our nation and divert them as well. Use those billions to build factories at the border. If you self-deport you get a job. You live in Mexico but you work at the border. Cheaper labor, good deal for them, good deal for us, we make critical stuff we need etc.

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Why did they have tariffs in the first place?

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Because no country in the EU has a built-in domestic potential market share of 340 million people and they are hoping to protect their producers. Imposing tariffs prioritizes your country's producers and hurts your consumers.

We do have that domestic built-in market share, so we should be prioritizing our consumers rather than our producers.

It's amazing that people are so incapable of understanding any nuance around here.