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A comment on Majority in EU's biggest states believes bloc 'sold out' in US tariff deal. Parent comment

Re:Majority in EU's biggest states believes bloc 'sold out' ... by rsynnott on Tuesday September 09, 2025 @09:49AM (#45181874)
This is a rather confused view of the situation. 30% tariffs on EU imports would be very bad for _the US_.

Trump tends to present trade as a zero sum game, but it very much isn’t; outside of limited scenarios (generally developing countries protecting otherwise unviable local industry with targeted tariffs), tariffs generally hurt both sides.

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Re:Majority in EU's biggest states believes bloc 'sold out' ... by graemep on Tuesday September 09, 2025 @12:16PM (#45184172)
Trump may present trade imbalances as a zero sum game, I am pretty sure he does not believe it.

The real thinking is that being a net importer gives you more negotiating power so you can use that to get a better deal.

its well worth looking at what people like Miran and Bessent said (before they were in government) to see what is driving all this.

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