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Project7
@project7
EU responds to Trumpās steel and aluminum tariffs with retaliatory measures targeting up to ā¬26 billion of US goods. I asked Grok to compare negative impacts on both side: * EU Impact: Bigger hitārelies heavily on U.S. exports ($674B), faces job losses in autos and luxury goods, consumer costs rise. * U.S. Impact: Hurts lessātargets like bourbon take a hit, but market size and dollar strength cushion the blow. * Winner? EU suffers more due to export dependence; U.S. tougher, though both face higher prices and tension. So Grok thinks EU will be defeated from this tariff war. What do you think? https://www.ft.com/content/69f582a6-3cec-4858-b115-3a24329102b4
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Mudge š©āļø
@mudge
As EU exports much more goods to the US, it is obvious that EU will suffer more. In any way, reciprocal tariffs would harm all sides. If the USA fights with all its trading partners, it would hit the USA the hardest with rising inflation. Europe, for example, would still have all its other trading partners with whom it could trade at the old tariffs. It is never as easy as it seems. Never underestimate old Europe šŖ
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Project7
@project7
True. EU may get bigger negative impact, but they always get through unexpected way to earn from USA. 7777 š
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