The European Union’s executive arm requested “full clarity” from the United States and asked its trade partner to fulfill its commitments after the U.S. Supreme Court struck down some of Donald Trump’s most sweeping tariffs.
Trump has lashed out at the court decision and said Saturday that he wants a global tariff of 15%, up from the 10% he announced a day earlier.
The European Commission said the current situation is not conducive to delivering “fair, balanced, and mutually beneficial” trans-Atlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of August 2025.
The EU’s position here seems entirely reasonable; they made certain concessions to the US in return for certain concessions in kind.
While the tariff rate they’re facing now is the same as what they agreed to, it’s also now the tariff rate that the US is applying globally. That means the EU is no longer receiving any special consideration, so why should they give any?
A sustained selloff of US bonds by EU + UK, Norway and Switzerland would get their attention
But would this be asking rich people to sacrifice their wealth for a greater good.
Not really. How would it? Buy new shit, fuck the bond. Do gold instead, or something…
Already happening. Gold is USA’s top export product at the moment. And it does seems to be USA bond for gold.