Pretty much. Everyone else will be able to trade with the east and southeast Asian countries business as usual. Maybe even more now that the US is making themselves less price competitive. The bad thing for the EU could be the drop in sales to the US not being replaced fast enough outside of the US leading to squeezing existing customers for more cash or possibly some businesses failing
Saff@lemmy.ml 1 year ago
Guys, as a European, does this only affects servers and hardware built in the US right? Isn’t most of it built in china and owned by US companies? So it’s literally only the US this will affect?
commander@lemmy.world 1 year ago
corsicanguppy@lemmy.ca 1 year ago
Everyone else will be able to trade
🇨🇦 Wooooooo!
Infynis@midwest.social 1 year ago
Now we’re going to have to go north for medicine and graphics cards
cocolowlander@feddit.nl 1 year ago
All electronics are made in Asia. So there will be no higher prices for consumers in the EU.
US consumers will get hammered with anywhere from 25% to 55% price increase in electronics.
rimu@piefed.social 1 year ago
Maybe reduced demand in USA will lower prices everywhere else...