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It will be interesting to compare the UK and EU cases, as well as China. EU responded immediately with counter-tarriffs on goods worth about as much as those ta
by rich_sasha 2y ago
It will be interesting to compare the UK and EU cases, as well as China. EU responded immediately with counter-tarriffs on goods worth about as much as those taxed by the US. UK and China grumbled but said they don't want to escalate. These are both in different ways similar to the EU case (China because it's big, UK because it's a European "ally", whatever this means nowadays).
The very limited evidence so far, from Canada, seems to suggest that immediate retaliation works better.
- ndsipa_pomu 2y ago> UK because it's a European "ally", whatever this means nowadays If we wander through a typical supermarket, there'll be very little produce (if any) from the U.S. - most if it will be from europe or asia.
- Marsymars 2y ago> UK and China grumbled but said they don't want to escalate. Do you have a source on China saying they're not escalating any more? Because they just applied a pile of farm tariffs two days ago in response to the 10% US tariffs.
- rich_sasha 2y agohttps://www.ft.com/content/69f582a6-3cec-4858-b115-3a24329102b4 https://www.ft.com/content/69f582a6-3cec-4858-b115-3a2432910... > China, the world’s largest steelmaker and exporter, warned it would “take all necessary measures to safeguard its legitimate rights and interests” but did not immediately announce retaliatory tariffs.