The US president says the countries will be charged a "10% tariff on any or all goods" exported to the US from 1 February.

Donald Trump announces plans to hit the UK, Denmark and other European countries with a 10% tariff on “all or any goods” exported to the US from 1 February

In a post on Truth Social, the US president says these will remain in place until “such time as a Deal is reached for the Complete and Total purchase of Greenland”

  • deHaga@feddit.ukEnglish
    45·
    12 hours ago

    Tariffs are taxes on the importer, not the exporter. They are taxing themselves

    • running_ragged@lemmy.worldEnglish
      17·
      11 hours ago

      By making the American poor people pay them, they transfer more wealth to the captital class by contracting out jobs to their buddies. Also, it huts sales for the exporters, so its win win for him.

    • ccunning@lemmy.worldEnglish
      13·
      12 hours ago

      They are a de facto consumption tax which disproportionately affect the less well off.