20
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Jul 2025
20 points (95.5% liked)
World News
49157 readers
858 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 2 years ago
MODERATORS
The article really should have covered some basic economy.
The US consumer and factories are paying the US government 15 cents on every dollar of product they import from the EU.
That's annoying for the EU, because it will mean fewer exports to the US. But it's WAY worse for the US.
And on top of that, it's really not so bad for the EU, all in all, the tariffs are lower than for many others, meaning that we might actually sell more. Of course, that's assuming the US keeps imports steady, which they won't, because prices will go up and thus demand goes down.
This is horrible for the EU. They now have a huge economic disadvantage over the US.
This is some of the hardest cope I have ever read. "If we work while the others are on strike then we can get paid while they do not!" https://en.wikipedia.org/wiki/Strikebreaker
Yeah, that IS the point of tariffs. It's also a very basic understanding of global trade.
When you buy something from another continent, you're already paying WAY more than when you're buying it nearby. So why would you do that? Well, in most cases, it's because you can't buy it locally.
Global trade is global because lots of products aren't produced everywhere. Much of what the EU is selling to the US is stuff that the US either doesn't make, or doesn't make in enough volume to cover its needs. And vice versa. Trade balances group products together, so it doesn't usually show, but you can sell me a billion worth of ball bearings, and I can sell you a billion worth of ball bearings, and if I tariff you heavily, that won't change at all because there are a thousand different types of ball bearings.
Now, traditionally, a tariff can promote growth of local industries, but you can't just make a new factory in a few weeks, months or sometimes even years. If we assume the industry reacts immediately, it will be many years before simple factories are up, and decades before entire chains are reproduced.
And the industry won't react immediately, because nobody trusts that these tariffs will stick. You need to put a tariff in place for decades to be effective, and Trump can't even stick to a plan for months.
So in practice, just having short term stability is worth it. Plenty of industries are actively holding off on large purchases because it might suddenly have a 20% tax hike on top. Or lose one, or god knows what the orange idiot does next that will destroy your profit margin.
Because again, they're not buying abroad for a small advantage, they're doing it because that's where this product is made, and they can't buy it elsewhere.
That doesn't remotely apply. Assuming International Trade is like your personal bank account is a Trump level misunderstanding of economics.