Wouldn't be too sure about that. The German car industry is almost a government itself and hold a very large sway on European politics in general. From what heard this was pushed through because the German car manufacturers wanted it too.
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- Thread starter General Melchett
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Meanwhile we'll keep your badly made and designed cars off our streets, keep your unhealthy, genetically modified food out of our food chain. And most importantly ******* up our health systems.
The EU will continue to tax and regulate your tech firms as well they should and I encourage the UK to do likewise. Too long we have had us companies evading paying tax on the gains in Europe.
All taxed due should be calculated on the point of sale, not in tax havens sometimes on different continents.
The Wotsit doesn't like to include the second vices billions made from other countries because it severely under cuts his claims of trade deficit, therefore they should be heavily taxed to compensate, not tariffs but revenue and profits.
Its not like American car manufactures have zero influence either....
Still prefer my BMW over any American car though (possibly a Mustang but we don't have the roads for those).
Europe has twice the consumer power of the US .
We have a lot of options. First I would dump all trade in the dollar and convert to the Euro.
Well yes they probably do but the point was about the German ones and they do have a massive sway on EU politics.
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We?
Here's a question, if the orange-utan's trade deal with the EU was so brilliant why is the US stock marketing going steadily downwards, approx 250 PTS a day
How possible is changing the dollar to the Euro as the trade currency?
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From what my in laws are saying from Bevaria, is that the only things they sought were an agreement to avoid catastrophic, and some security planning.
Ultimately though this is costly to all EU car manufacturers, and the lack of detail has the Germans on edge ready to pounce!
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What options and trade can 'Europe' have using 'Europes' higher consumer power?
Im confused by your stance as a European consumer outside of the EU.
Some people live in alternative reality.
S&P hits a record high today.
The US economy is 1.5x larger than the EU. In terms of purchasing power, the US is almost double richer than the US, per the IMF.
From my dealings with BMW, outside of the production line they are massively inefficient in other areas particularly logistics. They could tighten their belts. Also hasn't GM made a billion dollar loss covering the tariffs? Don't know how true it is heard it on a left wing podcast.
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I dont deal directly, and the in laws arent in the trade (IT, finance) but ye BMW are renowned for inefficiency, and passing it on to the consumer. My missus won't drive anything but, but her family won't touch them, they drive a Vauxhall and Skoda hahahahaha. Thats partly a political thing, not a standards or vehicle issue.
I did read about GM recently, their still predicting 10 bill plus profit for 2025 so I dont feel too bad for them, the 1 billion hit in Q2 was aimed at Trump's tarriff, but they also spent 4 billion investing in US manufacturing didnt they in the same quarter.
It seems to me that Trumps getting exactly what he wanted from companies like GM at least, massive investment but begrudgingly.
Didn't Barra also say the investment would shield GM from tarriffs going forward and they expect to recoup by 2027?
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Imagine having all that money and purchasing power, and still dying 4 years earlier than other western countries hahahaha
We like drugs. Not my thing, but people like drugs.
I stick with cigars and whiskey.
Drugs are a problem everywhere
You have 100k people dying from fentanyl?
Simple, you only accept trade in Euros only
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That bad? No but coke is a massive problem. Really affects people's behaviour within society and drains lots of money out of the economy into criminal gangs. It's the one thing I worry about my kids getting into especially my eldest
