US EditionThe EU could hit Wall Street where it hurts with its tariff response — the tech giants
11 Articles
11 Articles
The Danish Food and Agriculture Association expresses concern about the EU's draft on which American goods we in the EU should impose tariffs on.
EU Could Target Wall Street’s Tech Giants In Response To Trump’s 20% Tariffs
The European Union is considering a bold response to Donald Trump’s 20% tariffs, with analysts pointing to a potential strike against U.S. tech giants like Apple and Google. As negotiations falter, the EU could wield its market power to inflict pain on Wall Street, though such a move risks harming its own consumers and escalating tensions.
It is not done with punitive tariffs for whiskey and jeans. The EU will probably need tougher instruments against the new protectionism of the US government. It is conceivable that there are several variants of levies to meet the president's main supporters.
The Prime Minister of Rhineland-Palatinate, Alexander Schweitzer (SPD), can well imagine reacting to US punitive tariffs by taking measures against US tech companies. Schweitzer, who also heads the coalition working group for the SPD on the topics of economy, industry and tourism, said on the news channel “World” that we must “get out of this spiral of escalation.” “Free trade must be possible again - in accordance with rules, of course - but fr…
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