'Murica: 
Eurofagland: 
Posted on 04/03/2025 10:00:52 AM PDT by Libloather
WASHINGTON — Commerce Secretary Howard Lutnick slammed European Union policies after President Trump announced a 20% tariff on the 27-nation trading bloc — saying that “they hate our beef because our beef is beautiful and theirs is weak.”
Lutnick, a former CEO of Cantor Fitzgerald, defended Trump’s sweeping “Liberation Day” reciprocal tariffs, which will start taking effect April 5, by pointing to the allegedly unfair treatment of US goods in global trade.
“The European Union won’t take chicken from America. They won’t take lobsters from America. They hate our beef because our beef is beautiful and theirs is weak. It’s unbelievable,” Lutnick told Fox News’ Sean Hannity Wednesday night.
“We can’t sell corn to India. We can’t sell rice to Asia. Why in the world do we let these people sell their cars? 94% of cars in Japan are made in Japan.”
Trump’s administration assessed the steepest new tariffs on jurisdictions with which the US has trade deficits and which have higher tariffs and non-tariff barriers.
The EU’s agricultural restrictions include a ban on the use of substances that provoke hormonal responses in cattle and rules that conflict with US industry-standard microbial washes for chicken.
(Excerpt) Read more at nypost.com ...
The Dow reflects the lower profits major corporations are going to make in the shortterm.
Our cattle, being on steroids, are much stronger than theirs! Their cattle are weak!
In all seriousness, they are right to reject hormone raised meat, and we needs to raise our standards for food quality and safety. And yes, there are a lot of chemicals and additives in our food that is banned in Europe.
“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in. It was an amazing achievement.”
President Trump has ALWAYS used the stock market as an indicator of economic success.
When I was in Germany in the early 1970s, I noticed that when I ordered steak, it was always smothered in some sort of sauce—the beef obviously couldn’t stand up on its own. The only places you could get American-style steaks were Argentine steak houses.
The Dow is not the economy. Getting really tired of people selfishly opposing what we need to do because it might be bad for them personally in the short term. How about don’t sell. Nobody is forcing you to. If you don’t sell you don’t lose. The market will correct. If Trump is right it will be way up.
The bottom line is we can’t keep doing what we have done (spend to oblivion) and we have to do something. Trump is the only adult at the wheel even trying to address the issue. All his critics need to do more than just armchair that what he is doing won’t work.
Trump is addressing this issue as a whole, not piecemeal by product and nation.
The biggest elephant in the trade and reserve-currency room is China.
Long term, it’s a pretty accurate guage of the economy; let’s see what it does after the initial running in circles and screaming dies down.
“The stock markets have been over valued for a long time. Like the 1920s, people have been using credit to purchase stocks and now the market is correcting.”
So we are literally reenacting the depression era exonomics? Trump is Hoover?
The classic European style of cooking and culture. They have classes of chefs who only specialize in sauces.
But the beef is also grown and finished differently than the USA. Cattle are fed lot more grass or non-grain fibers, instead of corn. Such beef will always be a lot more lean, less marbled, and IMHO chewy. Same with Argentinian beef
I lived in Europe in the 90s. You couldn’t get a good steak anywhere there then and still can’t.
I think it’d have made more sense to focus on China rather than picking fights with every nation under the sun all at once. You defeat your biggest adversary, then the others are easier.
Unless you don’t want to go straight to war with your biggest adversary. By applying it uniformly you aren’t singling anyone in particular out. That also lends itself to the rationale that the imbalance needs to be addressed not just an imbalance with one country.
Just how much do you think the USA imports from the EU every year? Does that even matter to you?
Never said anything of the sorts.
The depression was caused nearly exclusively by cheap money..the result of the federal reserve.
Credit.
How much non secure debt is there within this country now? LOTS.
And eventually it will catch up to us. Hopefully not during this administrations term.
Trump is trying to head that off before it blows up. The one thing he needs to do is get control over the monetary policy.
History repeats my friend. And hopefully we dont repeat that depression.
I once asked an Irishman, while in Ireland, so how is Irish beef?
His answer, “beef is beef, same everywhere”.
Tells you what you need to know.
Please do explain how every weak economy on earth has tariffs... especially against the US but most have tariffs on every other nation as well... and they aren't tanking, they don't have rampant inflation or recessions or stagflation, or any of the other hysterical warnings that are being thrown around lately.
Seriously, please explain how the greatest economic engine in human history is so fragile and weak and unable to withstand tariffs, when every other nation has them in abundance, and fervently works to keep them and defend them. Make it make sense.
What about Britain? Once, she was famous for her fine beefsteaks.
'Murica:
Eurofagland:
Yes, this is true, for better or for worse (to international trade).
Still, if you ask me, the import of organic American beef/chicken would cause a rush over here 😋
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