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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Steve203 🐝 HONORARY
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Number: of 84362 
Subject: Re: Extortionist in Chief
Date: 01/18/26 12:08 PM
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It's ultimately a tax on consumption, so very similar to VATs which are applauded in Western Europe.

The difference, in this case, is the tariff is not being used to generate revenue. The tariff is being used to try to extort performance by the European countries, specifically, surrendering Greenland. God on Earth Trump runs on money. So, he thinks money is the way to make everyone else run: pay money to them, or extort money from them, to get what he wants. In this case, he is trying to cost them trade with the US, to force the surrender of the island. In general, Europe runs a trade surplus with the US, in goods, so a trade war with Europe would hurt them more than the US. However, some specific US companies, like Boeing and Lockheed, would be hurt a lot more than others, being cut off from a major market, and vendors of many components.

Steve
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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