Donald I, emperor of the world.

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AndyRM

Elder Goth
Basic reading comprehension is already on the list.
 

briantrumpet

Regular
Yep, seems to be a product of Trump's decomposing mind. Forget 'reading comprehension', this is just failing the 'comprehension' test.

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Differential rates it is. The UK escaped with the minimum 10% for general imports into the US, along with a handful of others such as Brazil. Clearly we'd rather not have any, but our substantial services exports will not be affected (over 2/3rds of our exports to the US are services).

Also, given that the EU has been slapped with 20% tariffs, this is starting to look like a Brexit bonus.

If this is a Brexit bonus what is the 15% reduction in UK exports to the EU as a result of Brexit (bearing in mind our exports to the EU were around 5 times what they are to the US)?

"The Lord giveth and the Lord taketh away"...
 

CXRAndy

Über Member
Why doesn't the UK simply charge the US a 10% tariff?
Exactly as Trump claims so he can't complain.

Because the economy is teetering on a recession. Doing anything that will create a retaliatory increase will further impact the economy. Bad enough we've got Rachel from accounts single handily destroying the economy

The idea of tariffs is to attract home made products by forcing manufacturers to setup in the country or eliminate tariffs both ways to have reciprocal trade with no barriers.

This is where productivity comes into play. Manufacturing has to be extremely efficient to compete with others.

Or you don't make stuff anymore and specialise in niche technology that requires the best talent to keep ahead of the competition.
 

Pinno718

Regular
Did der Trumpfen consider the devaluation of the dollar as a direct result of tariffs?
Well, at least currencies aren't being manipulated... That'll push inflation up and make eggs even cheaper!

Crude oil has dropped 3.3%. This may ease the pain a little in the US but it will devalue their own oil production.
All markets are down bar Gold and Bonds. US 'Heading for deep recession'.

https://www.theguardian.com/us-news...-and-investors-scramble-to-bonds-gold-and-yen
 

monkers

Squire
Why doesn't the UK simply charge the US a 10% tariff?
Exactly as Trump claims so he can't complain.

Because it's complicated. Brexit makes it more complicated.

The soft land border between the NI and SI is an EU border. The R of I is an EU member state with a tariff imposition of 20%, while Northern Ireland is part of the UK with a tariff imposition of 10%. The result is the inevitable increase in smuggling of goods for export to the US across the border from south to north. This will lead to demands for security on the border, which is a breach of international agreements. Politically, for the UK, it's a nightmare situation.

The only solution is to harmonise the rates between the EU and the UK. Therefore, politically Starmer will need to make a 20% tariff imposition on the US in order to force Trump to increase the tariff on the UK to 20%, making the UK position economically worse.

Bloody Leavers. Oops, sorry, I forgot that they knew what they were doing.
 
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There is actually a pretty good argument that the EU behaves like a cartel when it comes to farming.

But that aside, the idea that Trump wants free trade and believes that's fair, is laughable. What he actually wants it seems is to go back to how it was in the boom times in the US between the wars.

What will most likely happen is a lot of small bilateral deals over the next year or so, to be presented as huge wins, great great wins, by the Trumpians.
 
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