The anti-coercion instrument, known as the “big bazooka” of the EU’s trade arsenal, would give the commission powers to go after US multinational companies, slapping extra taxes on the digital revenues of tech firms.
PLEASE do. Maybe that will get enough companies pissed at him that they push him and his support out.
Then the tech firms raise prices in the EU. That's what happened to Canada and Canada backed down. The only difference is the EU may want to encourage their own tech companies to grow.
And the very next line:
This is a major escalation the Irish Government wants to avoid.
Have they tried going back to before they were a crooked tax haven for unethical corporations? I knew as soon as they decided to be a tax shelter that they would become what I believe the Br*tish call, "A cunt in the machinery."
Have they tried going back to before they were a crooked tax haven for unethical corporations?
1209 North Orange Street in Wilmington alone evades more tax than Ireland.
It's lovely to throw stones, but you're in the most delicate glasshouse of them all.
I support the Global Tax Agreement but think it's a little too lenient. A real 15% tax would do way more for everyone except the corporations than a 15% tax with loopholes allowed. So I'm not exactly sitting in a glass house?
I don't think EVERY country should impose those rates but any "first world" country needs to. let the developing world impose lower rates or even incentives if that's what works for them but if the economy is roaring along lets get some of that wealth into the public coffers.
A literal bazooka would work too: KABOOM and no more orange idiot rambling about things he doesn't understand.
Any trade deal they strike with Trump is illusory and not worth the paper it's written on. See, e.g., what happened to the NAFTA deal Trump signed during his first administration. The EU should refuse to play his games and quietly start dumping their substantial holdings of U.S. Treasury bonds.
Yes, I don't see how they don't see that. I get trying to drag it out while opening other markets, but as china showed, he responds to shows of strength. There I no point negotiating in good faith. He won't honour it.
Europe should not be looking at what's the best way to trade with the USA, but look at what's the best way to support European companies being alternatives to the USA monopolies.
That's Trunos plan for the USA. Europe has an opportunity to take the lead and spread worldwide while other countries have the same issue.
If the large blocs, like EU can't stand up to Trunos tariffs, smaller countries have no chance and that is to everyone's detriment. If the EU stands up, china stands up, then medium economies like Canada and Australia can stand up too. He only has leverage when people are divided.
Sir, your /ich_iel is leaking
What some countries don't seem to realize is that it's a bluff on the part of the orange failed abortion. He knows that he can't really sustain tariffs because prices would really rise, and a massive recession would kick in, so he bluffs by delaying the dates.
Also, don't forget that a major part of the tariff declarations are pushed by his billionaire handlers and his family, to crash markets and buy in a fire sale. It's the most blatant and highest scale insider trading scheme ever.
He knows that he can’t really sustain tariffs because prices would really rise, and a massive recession would kick in, so he bluffs by delaying the dates.
Does he? Or does he just think the markets panic for no reason every time he tries?
People close to him have said tariffs being good for the economy is like a pathological fixed belief he has.
His primary concern is ‘fuck you, pay me’. He’s running the country like a wannabe mob boss. It’s the default position to every issue and why he changes positions (someone paid him).
Man, if it was that easy then China and the West would be having a much better time, and Israel a much worse time (since the Gulf countries are also rich).
They have reasons and clout to push back, while Israel is treated as an extension of the US. Not saying consistency is a strong suit tho, idiocy is also a factor.
EU should be deploying the bazooka on American tech anyway. American business patterns are abusive and predatory completely ignoring public good and privacy concerns. Its past the time to be sitting on hands in reining them in. Force them out and replace them with local businesses that follow the rules.
The same goes for the EU's stance on gaza-- we are well past the "wait and see" stage of anything and into delays being little more than paid corruption and implicit genocide support.
Trump is right on one assumption, the EU is as weak and ineffective on these matters as he is. The larger EU markets are like baby birds with their mouths open waiting for the US to vomit food into their mouths.
Sell USA bonds.
That's the nuclear bomb that I think every country is holding off using (for now)
That would be an embargo. This is more akin to sustained shelling between friends.
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