Menu

  • EU says it will react firmly against US reciprocal tariff hikes

    From brecorder.com

    The European Commission said on Friday it saw no justification for U.S. President Donald Trump’s proposed “reciprocal” trade policy and would react “firmly and immediately” against tariff increases resulting from it. The Commission, which coordinates trade policy for the 27-nation European Union, described the proposed policy as a step in the wrong direction. “The EU maintains some of the lowest tariffs in the world and sees no justification for increased U.S. tariffs on its exports,” the Commission said in a statement. The European Union’s average applied tariff on imported goods was among the lowest ... (full story)

  • #1
  • Quote
  • Feb 14, 2025 7:53am Feb 14, 2025 7:53am
Donald is really scared..
And you will leave pain to take care of itself.
  • #2
  • Quote
  • Feb 14, 2025 7:58am Feb 14, 2025 7:58am
Recycled news best news
  • #3
  • Quote
  • Feb 14, 2025 8:14am Feb 14, 2025 8:14am
  •  Trader#6748
  • | Status: Unregistered Trader
Hey EU... what part of " Reciprocal " do you not understand ??
  • #4
  • Quote
  • Feb 14, 2025 8:15am Feb 14, 2025 8:15am
like last time?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 14_02.jpg Size: 66 KB
  • #5
  • Quote
  • Feb 14, 2025 8:20am Feb 14, 2025 8:20am
The morons in the EU don't understand simple logic. You put tariffs on us, we "reciprocate," it's just that simple.
  • #6
  • Quote
  • Feb 14, 2025 8:25am Feb 14, 2025 8:25am
Quoting Patso
The morons in the EU don't understand simple logic. You put tariffs on us, we "reciprocate," it's just that simple.
but as Trump said, the thieving European VAT is also a tax imposed on imports from the US, so VAT must be added to the tariff, which means 25-30% more expensive American products. I support Trump on this, VAT is a thieving tax on money that has already been taxed once.

I hope Trump impose 25% + taxes on exports from the EU to the USA
  • #7
  • Quote
  • Feb 14, 2025 8:27am Feb 14, 2025 8:27am
It's time the world knows we finely have a real president for a change and we are not your piggybank. God Bless Trump
  • #8
  • Quote
  • Feb 14, 2025 8:29am Feb 14, 2025 8:29am
  •  Trader#4D2B
  • | Status: Unregistered Trader
Americans are so out of this world....
  • #9
  • Quote
  • Feb 14, 2025 8:33am Feb 14, 2025 8:33am
Quoting Foxikus
like last time? {image}
He is their boss. Of he sneezes they'll all catch cold.
  • #10
  • Quote
  • Feb 14, 2025 8:38am Feb 14, 2025 8:38am
Quoting Patso
The morons in the EU don't understand simple logic. You put tariffs on us, we "reciprocate," it's just that simple.
The morons in the US don't understand simple logic. You put tariffs on us, we "reciprocate," it's just that simple.
  • #11
  • Quote
  • Feb 14, 2025 8:40am Feb 14, 2025 8:40am
  •  Trader#5C94
  • | Status: Unregistered Trader
Hey EU... do you understand what "reciprocal" mean ?
  • #12
  • Quote
  • Feb 14, 2025 8:41am Feb 14, 2025 8:41am
Quoting Foxikus
{quote} but as Trump said, the thieving European VAT is also a tax imposed on imports from the US, so VAT must be added to the tariff, which means 25-30% more expensive American products. I support Trump on this, VAT is a thieving tax on money that has already been taxed once. I hope Trump impose 25% + taxes on exports from the EU to the USA
Do you really understand what VAT is and who came up with that crap?
  • #13
  • Quote
  • Feb 14, 2025 8:54am Feb 14, 2025 8:54am
Quoting Nobody-yet
{quote} Do you really understand what VAT is and who came up with that crap?
Value Added Tax (VAT) was invented in 1954 by Maurice Lauré, a senior official in the French Ministry of Finance and a graduate of the elite Paris Polytechnic who later became the director of the Société Générale bank.

and of course I know that VAT is making people poor

As long as VAT was 5%, it was bearable, now it's 21% on almost everything in czech republic
  • #14
  • Quote
  • Feb 14, 2025 9:26am Feb 14, 2025 9:26am
...and VAT is an indirect regressive taxation, ie whether you earn £1m or £20k per year, everyone pays the same, so it is not linked to ability to pay, or % of earnings like progressive taxes. The cuts in progressive taxes that have come starting with Thatcher/Reagan (like Uk income tax,) have been paid for over the years partly by the rise in regressive taxes. The shift has been from taxing income to taxing spending.
Intraday swing scalper (+) via 1min+ repeating set-ups
  • #15
  • Quote
  • Feb 14, 2025 10:20am Feb 14, 2025 10:20am
Quoting Foxikus
{quote} Value Added Tax (VAT) was invented in 1954 by Maurice Lauré, a senior official in the French Ministry of Finance and a graduate of the elite Paris Polytechnic who later became the director of the Société Générale bank. and of course I know that VAT is making people poor As long as VAT was 5%, it was bearable, now it's 21% on almost everything in czech republic
Good. You seem to know your onions! But Trump's comment is idiotic, because the VAT is a tax paid by customers on goods and services from EVERY producer/manufacturer/service provider/etc., FOREIGN or DOMESTIC, not just Americans. All taxes and the like are "thieving taxes", not just the VAT. VAT was a "clever" way to levy a tax on consumption, but it's unequal across the board. 21% is the highest. Food is at 5% or so. And everything in between. This VAT pisses me off, but Trump's comment makes no sense.
  • New Comment
  •  Trader#F948
  • | Status: Unregistered Trader
Create Account
    •   Newer Stories
    Sterling rises to 2025 high as easing tariff fears dent US dollar

    From brecorder.com|Feb 14, 2025

    Sterling rose to its strongest level against the dollar this year on Friday, after UK GDP data earlier this week sweetened the mood around the strength of the British economy, ...

    US Import and Export Price Indexes - January 2025

    From bls.gov|Feb 14, 2025

    The price index for U.S. imports advanced 0.3 percent in January, the largest 1-month rise since the index increased 0.9 percent in April 2024. Prices for U.S. imports advanced 1.9 percent from January 2024 to January 2025. (See table 1.) Fuel Imports: Import fuel prices rose 3.2 percent in January, after increasing 1.7 percent in December. The January advance was the largest monthly rise since April 2024. Higher prices for petroleum and natural gas contributed to the overall increase in import fuel prices in January. Prices for import fuel rose 2.4 percent for the year ended in January. Petroleum import prices advanced 2.9 percent in January, the largest 1-month rise since April 2024. Prices for import petroleum increased 2.3 percent over the past year, the largest 12-month advance since the year ended July 2024. The price index for import natural gas rose 13.4 percent in January following a 173.1-percent increase over the final quarter of 2024. Natural gas prices advanced 12.9 percent from January 2024 to January 2025, the first over-the-year increase since the index rose 80.5 percent for the year ended January 2023. All Imports Excluding Fuel: Prices for nonfuel imports ticked up 0.1 percent for the third consecutive month in January. Nonfuel import prices have not declined on a monthly basis since a 0.2-percent drop in May 2024. Higher prices for nonfuel industrial supplies and materials; capital goods; and foods, feeds, and beverages in January more than offset lower prices for automotive vehicles and consumer goods. The price index for nonfuel imports advanced post: US Import Price Index (M/M) Jan: 0.3% (est 0.4%; prev R 0.2%) - Import Price Index Ex-Petroleum (M/M): 0.1% (est 0.2%; prev 0.2%) - Import Price Index (Y/Y): 1.9% (est 1.9%; prev 2.2%) - Export Price Index (M/M): 1.3% (est 0.3%; prev R 0.5%) - Export Price Index (Y/Y): 2.7% (est…

    CA Wholesale Trade, December 2024

    From statcan.gc.ca|Feb 14, 2025

    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.2% to $83.6 billion in December. Sales decreased in three ...

  • Story Stats
  • Posted: Feb 14, 2025 7:40am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 15  /  Views: 5,643

  • Related Stories