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Project7
@project7
EU responds to Trump’s steel and aluminum tariffs with retaliatory measures targeting up to €26 billion of US goods. I asked Grok to compare negative impacts on both side: * EU Impact: Bigger hit—relies heavily on U.S. exports ($674B), faces job losses in autos and luxury goods, consumer costs rise. * U.S. Impact: Hurts less—targets 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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SQX
@sqx
No matter where we go. American consumer holds all the cards. EU already tariffs the shit out of stuff. So this is all smoke and mirrors. Can’t play chicken with the American consumer. (Although trump is kinda… too) (Fwiw I think trade wars and tariffs are bad)
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gFam.live (UrbanGladiator)
@gfam
I wonder if the EU and China could increase trade with each other and bypass tariffs altogether? Groks analysis only looks at this one trade war... but the US is fighting multiple trade wars all at once.
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vsck
@vsck
we will forever be europoor
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Mudge 🎩Ⓜ️
@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 💪
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