The Dow lost more than 500 points Thursday and the Nasdaq dropped more than 300 as investors reacted to President Trump’s threat to impose a 200% tariff on European Union exports of wine, champagne, and other alcoholic beverages. Suzanne Lynch, Global Playbook author and associate editor for Politico, joined CBS News to discuss Europe’s reaction to the threat.
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41 Comments
trump,, trump, trump. No need for AA.,
Trump actually believes the rest of the world will bow before him. He needs to start realizing that the world views him as an absolute imbicile. Nothing would be more shameful than bowing to an imbicile. The pain will increase until Americans rid themselves of this orange infection.
Portugal says no to purchase of F-35 fighters, citing US geopolitical inconsistencies.
STUPID AND DUMB labeled by his Repupic congress members
Trump slapping tariffs on half the world to force manufacturing back to the U.S. is like blocking all the roads to your house and then wondering why no one’s delivering materials to build it. Raising the cost of production and building in the U.S. while telling companies to move there.. Why would they? "COME BUILD IN THE U.S. NOW EVEN MORE EXPENSIVE THAN BEFORE" Solid plan!
Since Youtube keep hidding my replies ill try write it here.
@Clickbait540
Not really an argument, since:
1. No country is completely self-sufficient.
2. Countries don’t import out of charity; they do it because it’s economically beneficial.
3. If a country has something domestically but still imports it, it’s usually because local production is too expensive, hence, ‘raising the cost of production.’
A great example?
Trump’s MAGA hats and shirts, made in China and South America while he tells people to ‘buy American.’ Is that because the U.S. has no textile industry?
No, it’s because importing is cheaper. So, it's a mix of lowering production costs, greed, and a hefty dose of hypocrisy.
"a little disruption", "but it won't take very long"😆😆… The recession is now and will last. Any recalibration of US domestic production will take a decade minimum to make any credible difference. Go ahead MAGA clowns – build a new steel/alum plant that is more price effective than China, Canada etc – it needs to be up and running by next month.🤡
Buy from your nation then from Europe then from Asian friends do not buy anything from US that includes YouTube and such subscriptions become pirate.
Trump is an idiot!! He is a liar, cheater and a fraud!! Americans elected a criminal to the White House and now they will reap what they sow!!
😂 just wait till the suburban mums get Hit with the price of Chardonnay and merlot going up, and treble the price. God help trump then 😂😂😂 50 % of the voting people in America are women who mostly put their feet up and have a nice glass of wine to relax after a long day. This is going to be worth watching 😂😂😂 Go for it trump I dare you 😮😮😅
lol, markets are green today, so you emphasize how bad they were yesterday. This is why nobody takes mainstream media seriously. There is so much going on right now that all you have to do is tell the TRUTH without any added dramatics.
The US claiming EU reciprocal tariffs are disrespectful is next level idiocy. Only one country in this global trade war started it. Past time to get our orange toddler under control.
It is easier to blackmail individual countries. When Trump leaves the White House the US has probably no Friends anymore. Maybe Putin and the little Men from North Korea
He didn't sound so sure. Canada is stopping business with you in some cases all together now. I mean why bother with the disrespectful redic and threatening manner. So your credibility is destroyed now with us and on the world stage.
We have a healthy wine and whiskey market in the United States. Be American. Buy American! Besides, delegets from Ireland are pleased with America.
He dont even scold putin.hes a russian agent
All the president is doing is bringing up the cost even more for the American people he’s killing us
The Trump administration wants to be treated with respect, but they disrespect everyone.
Canada says Elbows Up! Global Bye usa Buy local
As Trump isolates and insulates the US further and further, China fills every gap.
They have been playing the long game for a long time. Trump thinks he's doing the same.
He does not see or care about all the collateral damage he is causing.
Everything Trump Touches Dies.
Won’t whipsawing tariffs up and down provide cover for ‘Greatdom for Price Gougers’ (“Oh, it’s the tariffs!”) and ‘Helldom for Consumers’ (oh, it’s hard to lower inflated prices)………..?
……then the Coup d’Greed – a tax break for successful ‘Price Gougers’………..?
Breaking News: the UK offers Trump a free trade deal on make up remover
Trump: "Winning a trade war is easy."
Other countries: Push back during a trade war*
Trump clutching pearls: "Oh the nerve!"
Good analogy but in this example, your house is a really big mansion, with forests, farm land, deserts, mountain, minerals— we got everything here
Trying to satisfy Trump is pointless. His greed in infinite and he will never be satisfied. No matter what is given to him, he will always demand more and more. The smartest thing Canada can do is to tell Trump to shut up and go away. Canada should close the border and stop all trade with the US until Trump has been removed from office.
your business to intensify this so called war not letting this be solved by by the joint consultations with Trump administration creating fear of unknown and creating situation like leading to disruption chaos and economic collapse this is how your business will flourish.
If this is realised that how the recession of 1929-1930 happened these figures of up and down of Dj are such not of any significance except for the gamblers to fear .
This “trade war” could be settled in one phone call that allows Trump to build his golf resort in Ireland.
Witnessing the destruction, and he says it won't last long. He's right the USA's reputation as the leader of the free world is about over.
A more important point is at what point is America loosing its European customers?
Do you really want us to react like Canadians? our combined economy is larger than the US economy…..
It wasn’t the Nasdaq, S&P, or Dow Jones that took the hit—it was real investors. These everyday people put their money on the line and lost real money because of Donald Trump’s ego, lack of political experience, and poor business decisions. Trump needs to resign now.
Eu would do well to ban all exports to the United States of all alcohol products. Tariffs allow wealthy people to still purchase the alcohol.
A total ban would be much more disruptive to the people that matter in this
EU, Europeans and EU countries are not fond of Trump either. He is just stupid.
Hey everyone, calm down. If people lose their jobs, don’t worry about a brand new car assembly plant will open its doors for business in five years from now! Manufacturing jobs will be back.
I finally understand how he bankrupted casinos. He's an absolute idiot.
Buy your own that made in your country don't give it to American Australia makes there own wine and spirits and beer we don't need it
YESSSS…. LETS RISE THE PRICES ON ALCOHOL BECAUSE ALOT OF THESE PEOPLE DONT NEED IT ALL. IT DOES SUCK FOR SMALL BUSINESS OWNERS WHICH I FEEL BAD ABOUT BUT TOO MANY DEATHS, DISEASES AND BAD THINGS HAPPENING WITH OUR BODIES DUE TO OVER CONSUMPTION OF ALCOHOL.
Canada stands with Europe!
They will drink water 😂😂
It's funny how hyrporital these people are. We gonna tariff the us, but they can never tariff us it unethical…… they need the export sales. American don't need the sales on imports. Open up factories in the us
HEY MR.TRUMP WE PUT U THERE FOR PUTIN NOT TO SHARK TANK US
MR.TRUMP I KNOW SOME ONE THAT PAYS ABOUT $1,000 A MONTH FOR THERE HOME – LAST YEAR THEY RENT WENT UP $100. THIS YEAR ANOTHER $100. AT THIS RATE THEY WILL BE PRICE OUT THERE HOME IN 10 YEARS BECAUSE OF PEOPLE LIKE YOU