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E.U. Prepares Major Penalties Against X

(www.nytimes.com)
139 points dotcoma | 3 comments | 06 Apr 25 17:47 UTC | HN request time: 0.616s | source
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grey-area ◴[06 Apr 25 18:36 UTC] No.43603771[source]▶
Interesting news given the recently announced US trade war vs the entire world, with special treatment for rivals like the EU and China.

It seems the EU have decided the most effective response to an oligarchy declaring trade war is to target the leading oligarchs with government influence. Expect more actions which enrage Trump and Musk and an escalation from both sides. This won’t end well for either side IMO.

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1. rsynnott ◴[06 Apr 25 21:03 UTC] No.43604951[source]▶
> This won’t end well for either side IMO.

Going after Trump-world oligarchs, if that is what’s happening here, is arguably a more viable approach for the EU than the straight-up tariff-mirroring one China is taking.

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2. grey-area ◴[06 Apr 25 22:22 UTC] No.43605471[source]▶
There is no winning move here unfortunately.

Everyone is going to suffer, some more than others. If we’re lucky the trade war won’t lead to real war with someone like china.

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3. rsynnott ◴[07 Apr 25 14:05 UTC] No.43611674[source]▶
I mean, given the baseline that the EU _has_ to retaliate (IMO the game theory of trade wars dictates this; the EU really can't _not_ retaliate), targeted retaliation against Trump's people, and potentially targeted retaliation against Trump-voting regions (the EU did this in Trump's first attempt at tariff increases a few years back), is likely less damaging than China's approach for the EU (though certainly also lacking in the same degree of shock and awe).