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BumRushDaShow

(157,288 posts) Mon Jul 14, 2025, 06:45 PM Jul 14

EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat

Source: CNN Business

Updated 12:39 PM EDT, Mon July 14, 2025

London CNN — The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

A tariff of “30%, or anything above 30%… has more or less the same effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday.

Šefčovič said it will “be almost impossible” for the bloc to continue its current level of trade with America if that new tariff rate is implemented on August 1 – the date stipulated by US President Donald Trump in his letter to the EU on Saturday. “If (the tariff) stays 30 (percent) plus, simply trading as we know it will not continue, with huge negative effects on both sides of the Atlantic,” he added. “I will definitely do everything I can to prevent this super-negative scenario.”

In a press conference following the meeting, Šefčovič said reiterated that the EU’s preferred outcome is a negotiated deal with Washington and that he plans to speak to his US counterparts late Monday.

Read more: https://www.cnn.com/2025/07/14/business/europe-us-trade-tariff-wipe-out-intl

5 replies

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EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat (Original Post) BumRushDaShow Jul 14 OP

Tariff revenue will drift toward low single digits if trade is all but wiped out. bucolic_frolic Jul 14 #1

Trump doesn't care, he is hoping for personal bribes. Irish_Dem Jul 14 #2

THIS IS EXACTLY WHAT THE KNICKLE DRAGGERS WANT DonCoquixote Jul 14 #3

get a spine EU' tell him to eff off nt msongs Jul 14 #4

There is NOTHING, not a single thing, DENVERPOPS Jul 14 #5

bucolic_frolic

(51,619 posts)

1. Tariff revenue will drift toward low single digits if trade is all but wiped out.

Reply to BumRushDaShow (Original post)

Mon Jul 14, 2025, 06:47 PM

Jul 14

Has anyone told Peter Navarro?

Irish_Dem

(72,736 posts)

2. Trump doesn't care, he is hoping for personal bribes.

Reply to bucolic_frolic (Reply #1)

Mon Jul 14, 2025, 06:52 PM

Jul 14

He is willing to destroy the US and global economy for profit and feeling powerful.

DonCoquixote

(13,917 posts)

3. THIS IS EXACTLY WHAT THE KNICKLE DRAGGERS WANT

Reply to BumRushDaShow (Original post)

Mon Jul 14, 2025, 07:05 PM

Jul 14

"Yep, no more trade with france, that way those cheese eating surrender monkeys wont tell our kids to wear make up, drink wine, and turn gay" It's is bullshit, but you KNOW some places are already preparing that tune, because they can't keep their boys on the far, after they see Paris.

&list=RDTMJdsWBFsQQ&start_radio=1

msongs

(71,874 posts)

4. get a spine EU' tell him to eff off nt

Reply to BumRushDaShow (Original post)

Mon Jul 14, 2025, 07:12 PM

Jul 14

DENVERPOPS

(13,003 posts)

5. There is NOTHING, not a single thing,

Reply to BumRushDaShow (Original post)

Mon Jul 14, 2025, 10:59 PM

Jul 14

that would make Putin happier............Separating European NATO countries from the U.S. A domino effect that would crash european economies also, as well as leave them defenseless for Putin to begin his aggression on European Countries..............

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