alt Hacker NewsHow would this work? Wouldn't a reciprocal tariff with identical parameters by the US against EU tech companies completely obliterate EU tech landscape?
How would this work? Wouldn't a reciprocal tariff with identical parameters by the US against EU tech companies completely obliterate EU tech landscape?
Most EU tech companies probably have primarily European customers (given that services export from the US to the EU is much larger than the other way around). Second, all those EU customers are looking for EU alternatives that do not have a huge tariff.
Reciprocal tariffs would (for the EU) hurt export of goods much more, since that is where the EU has a large surplus.