The US president said he will introduce the extra tariff unless China withdraws its own 34% counter-tariff on American goods.
  • IndescribablySad@threads.netEnglish
    10•9 days ago

    Has Europe made itself more robust in the wake of the multiple financial collapses stemming from the US? Sincere question. I know china has taken measures.

    • @coyootje@lemmy.worldEnglish
      13•9 days ago

      I think there’s some things in place but there’s still a lot of reliance on American systems which is a bit risky. If Trump decides to start tariffing anything to do with Visa or Mastercard shit would hit the fan real quick.

      • @taladar@sh.itjust.worksEnglish
        2•8 days ago

        On the other hand that is just money, at least there is no real vendor-lock-in there yet, though I am sort of surprised the concept of different currencies per payment company hasn’t occurred to them yet outside of gaming.

    • @Z3k3@lemmy.worldEnglish
      5•9 days ago

      They did gor like a week here in he UK. We’re rolling back the rules since 2008 already

    • @ultranaut@lemmy.worldEnglish
      5•9 days ago

      Their banking sector at least went through reforms following the 2008 crisis. They are required to be less risky in certain ways than they were pre-GFC and have gone through a bunch of stress testing over the years.