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Beau of The Fifth Column

Let's talk about the EU tariffs having a sense of humor....

Beau of The Fifth Column

Beau of The Fifth Column

Society & Culture

4.8965 Ratings

🗓️ 11 April 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about the EU tariffs having a sense of humor....

Transcript

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0:00.0

Well, howdy there, Internet people, it's Bell again.

0:04.0

So today, we're going to talk about the EU hitting red states and apparently having a sense of humor.

0:12.0

So, we have a question, but there's some news to add as background.

0:17.0

With all of the economic news right now, it's hard to keep up with the responses to Trump.

0:22.8

The EU has a multi-phase response that has probably been approved by the time you watch this.

0:28.9

The news about the list has been pointing out that the tariffs seem to target places that voted for Trump.

0:36.2

But that take has led to questions, like this.

0:41.3

Quote, I keep seeing news saying the EU is going to hit red states with their tariff response.

0:48.3

But when I look at it, it's really not that much of a difference between red and blue in dollar amounts.

0:55.0

Are their tariffs really that targeted?

0:58.1

Short answer? Yes.

1:00.6

Blue areas produce more GDP, so even though it's just a couple of percentage points more on red

1:06.7

areas overall, it means more to those areas.

1:13.7

Think of it like seeing Bill Gates accidentally drop a 20 and a minimum wage worker dropping a 20 on the street. I'm willing to bet the loss of that 20 means way

1:21.1

more to the minimum wage worker. Beyond that, to me at first glance, I haven't sat down and studied every facet yet,

1:29.9

but it looks like it's more targeted than just red areas. An example is soybeans. Soybean farmers are

1:38.4

generally a Republican base, but those who export to the EU, well, they're Louisiana Republicans. More than 80% of

1:47.5

U.S. soybean exports to the EU come from that state. So who takes the hit there politically?

1:54.6

Louisiana representatives, one of whom just happens to be Trump ally and Speaker of the House,

2:00.7

Mike Johnson.

2:02.1

If you go through the list of tariffs, you see a lot of overlap in this fashion. But that could

2:08.7

be simply coincidence. If you want to determine if an international move is coincidence or

...

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