The EU launched countermeasures against new U.S. metals tariffs, with plans to impose duties on US$28.3 billion worth of goods.
Archived version: https://archive.is/20250312081931/https://financialpost.com/pmn/business-pmn/eu-targets-e26-billion-of-us-goods-in-trump-tariff-retaliation
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They are trump supporters. Targeting red states puts political pressure on him to stop the tariff war.
Unfortunately this is probably going to backfire. Does red states have already had everything taken away from them. They’re the worst in education, The worst in business, All the GOP needs to say is those foreign bastards are … And those people will double down until their death. About half the red states are heading towards third world country territory and going there happily on the concept that the GOP might hurt someone else’s bad as they hurt.
It’s probably more to target his donors than the voters. Although with farmers, that is both. China found it quite effective last time he tried it.
It’s not going to be hugely effective as you mentioned but likely still more effective than blanket in targeted tariffs.
Trump doesn’t have a master plan. He’s just a bully with power. It seems from his rhetoric pre election that he didn’t even understand what tariffs actually are or how they work. The only way bullies stop is when they are stood up to.
Last time, there was a sense of waiting it out. Now that it’s happening again it’s more a sense that nobody wants to put up with his bullshit.
Canada is probably America’s biggest ally and trading partner. He wants to annex them. It’s ludicrous. He is big on nationalism to try and scare people. Well he’s inspired nationalism worldwide to be unified against him.
If it was me, I’d be targeting Tesla and musk in particular as well.