Europe Retaliates Against USA - Joe Blogs

Joe Blogs is doing his first live stream from a plane flying from London to Melbourne at 32,000 feet, taking advantage of free Wi-Fi. The main topic is "Donald Trump's new tariffs on European countries" (10% starting February 1st, increasing to 25% by June 1st) imposed because Europe supported Denmark's refusal to sell Greenland to the US.

Key Economic Points:
- The tariffs will affect ~$350 billion in imports and could reach 40% for most European countries (35% for UK)
- Europe is considering $100 billion in retaliatory tariffs on US goods
- This will likely cause "higher prices, reduced demand, and potential inflation" in both regions
- Could force interest rates back up, reversing recent positive trends and potentially triggering a "global recession"
- The creator views this as a "lose-lose situation" that will suppress global economic growth