Trump slaps 20% tariffs on EU imports: Is Europe the parasite in his trade war?
The long-feared tariffs are here: who really pays the price?
The hammer has finally fallen: Donald Trump slaps 20% tariffs on European imports, branding the EU ‘friends who stole money from us.’
“The European Union, our friends, have stolen money from us,” declared Donald Trump last night, unveiling punitive tariffs of up to 20% on European goods (Politico).
Ah, grazie mille, Donald—here we were, believing we were allies, only to learn we’re just a gang of pickpockets in Prada shoes.
Trump slaps 20% tariffs – The math of misery
Who Pays? You do. All of us.
Consumers—yes, even Americans—will see prices rise. Analysts warn of across-the-board hikes, from Italian leather to Vietnamese sneakers.
But the damage won’t stop at checkout counters. Exporters will bleed market share. Workers—from Milan’s textile mills to Ohio’s factories—will face slashed contracts and hiring freezes. Inflation, already biting, will get new teeth.
This isn’t protectionism—it’s collective punishment dressed up as policy.
Within hours, European markets nosedived—predictably. But the real spectacle was Nike, Adidas and Puma plunging 10%, their Vietnamese and Chinese supply chains now in the crosshairs.
Nothing screams “patriotic revival” quite like sabotaging the very offshoring model US corporations pioneered.
The perfect storm: fashion industry’s worst-case scenario
The European Union had braced for this blow, but the fashion sector still gasped. Textiles, clothing, accessories: all now face a tariff war they can’t afford. This is an industry already on its knees, battered by inflation, supply chain chaos, and the whims of geopolitics. Now, add Trump’s Trade Tantrum to the list.
In fact, Italy’s textile and fashion sector braces for inevitable collateral damage.
The bigger question
As Trump slaps 20% new tariffs like punitive badges of honour, we’re left to ask: what’s the vision here? What’s the endgame? A world where commerce is treated as conquest, where long-standing allies are recast as economic villains, and where the true villains—according to this logic—aren’t the billionaires monetising division, but the artisans stitching handbags? Spare us.
Europe’s fashion industry isn’t “stealing”; it’s competing. Trump’s tariffs won’t magically resurrect American manufacturing; they’ll just subsidise its race to the bottom. The ‘Made in USA’ tag still relies on poverty wages and migrant exploitation—but sure, let’s pretend Europe is the problem.
This isn’t protectionism—it’s economic masochism with a flag pin on its lapel.
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