Tariffs

[otherclive]

The Heard and Macdonalds islands face a 10% tariff. They are Antarctic and inhabited by penguins. Wonder what they export apart from rancid odours.

 

[Mr Plodd]

The Orange One does really need to get a grip on reality doesn't he?
I could of course be wrong because Mr T keeps telling us he is a genius so he must know what he is doing, he does know, doesn't he?
The DOW is currently down 3.8%, and thats a lot.

 

[otherclive]

Here’s a view of our possibilities. Who on earth had that job creating the 417 page indicative list?

https://assets.publishing.service.gov.uk/media/67ee668c9eae202448299c5b/request-for-input-indicative-product-list.pdf

 

[Beardy]

 

[GUMPY]

Not sure how to embed stuff but this is a message from the 🐧

https://twitter.com/x/status/1907915579618447409

View: https://x.com/brittlestar/status/1907915579618447409?t=crKOAE5PWchr4-ZrbfGPMQ&s=19

 

[otherclive]

My kids and grandkids have given me grief as I've just bought a Weber charcoal BBQ and it is actually made in USA. So I told them to poke off to Macdonalds or KFC😂

 

[Hutch]

Ban American Makeup.

 

[otherclive]

Some possible positive news WTI oil price for May delivery has slipped below $60 dollars a barrel. Brent will parallel WTI so should see a reduction in pump prices although the Exchequer may not see it as good news.

 

[RogerL]

Some possible positive news WTI oil price for May delivery has slipped below $60 dollars a barrel. Brent will parallel WTI so should see a reduction in pump prices although the Exchequer may not see it as good news.

Pump prices/litre never seem to reduce when the world price/barrel drops - but pump prices always go up when the barrel price goes up!

 

[otherclive]

Pump prices/litre never seem to reduce when the world price/barrel drops - but pump prices always go up when the barrel price goes up!

Pump prices do reduce as oil price drops but at a far slower rate than they go up when oil prices rise. I find that quite a strange outcome, but I guess the retailers don’t 😢

Wonder if oil prices stay lower OFGEM might adjust the cap seeing that oil prices drive our energy prices with the link to gas and electric. Fat chance. 🤭

 

[Buckman]

I think the tariffs introduced are a brilliant strategy. Now countries will now what it is like to have "sanctions" placed on them. You have my blessing Mr Trump!

 

[RogerL]

I think the tariffs introduced are a brilliant strategy. Now countries will now what it is like to have "sanctions" placed on them. You have my blessing Mr Trump!

You may be on your own on that one.

 

[Buckman]

You may be on your own on that one.

It is the best thing since bubble gum! Imports become expensive and it becomes cheaper to start manufacturing the goods creating employment and when to create employment you create wealth and the standard of living imroves in that country.

Don't forget that the British govt imposed sanctions on us including an oil embargo. Initially the economy suffered until the manufacturing industry got on its feet and employment was created. Standard of living improved overall and our currency was stronger than the British pound. Been there and got the T shirt.

 

[Tobes]

I think the tariffs introduced are a brilliant strategy. Now countries will now what it is like to have "sanctions" placed on them. You have my blessing Mr Trump!

How will tariffs help "countries" know what it's like to have sanctions placed on them? The tariffs will impact the US costs, not "countries" costs. This may well have a knock on effect on exports, but does not change the cost of manufacturing locally.

 

[otherclive]

It is the best thing since bubble gum! Imports become expensive and it becomes cheaper to start manufacturing the goods creating employment and when to create employment you create wealth and the standard of living imroves in that country.

Don't forget that the British govt imposed sanctions on us including an oil embargo. Initially the economy suffered until the manufacturing industry got on its feet and employment was created. Standard of living improved overall and our currency was stronger than the British pound. Been there and got the T shirt.

Sanctions on South Africa were a UN resolution and 25 countries including the UK and United States enacted national legislation to introduce the UN resolution. A totally different situation to tariffs imposed unilaterally by one country on every country in the world, including uninhabited islands.

 

[Beardy]

Don't forget that the British govt imposed sanctions on us including an oil embargo. Initially the economy suffered until the manufacturing industry got on its feet and employment was created. Standard of living improved overall and our currency was stronger than the British pound. Been there and got the T shirt.

....... and then relocated to one of the countries that imposed sanctions on you! Did you bring the T shirt with you (or just the chip).

 

[JTQ]

I can't see US workers making all the previous items they imported, settling for wages like those suppliers had, thus the production costs to US buyers is almost certainly going to increase. The more so whilst at the same time the US is deporting or otherwise driving the "ultra low cost" labour force out of the US, like back home.

There is also challenges with the very work force available for assembling delicate items, has the US the available operatives with the dexterity typically found in the far East?

Then there is the temptation for US car etc builders, with the competition driven away or severely hobbled, from upping their selling prices. I just feel US car and product makers without having to compete, will exploit that lack of competition. Many IMO will price at the very upper limit of "what the market can bear".

 

[RogerL]

I can't see US workers making all the previous items they imported, settling for wages like those suppliers had, thus the production costs to US buyers is almost certainly going to increase. The more so whilst at the same time the US is deporting or otherwise driving the "ultra low cost" labour force out of the US, like back home.

There is also challenges with the very work force available for assembling delicate items, has the US the available operatives with the dexterity typically found in the far East?

Then there is the temptation for US car etc builders, with the competition driven away or severely hobbled, from upping their selling prices. I just feel US car and product makers without having to compete, will exploit that lack of competition. Many IMO will price at the very upper limit of "what the market can bear".

All that seems so obvious to most people.

 

[JTQ]

All that seems so obvious to most people.

Though not it seems the bulk of the US Presidential voters.

 

[RogerL]

Though not it seems the bulk of the US Presidential voters.

Just 49.8% of the popular vote

 

[otherclive]

Though not it seems the bulk of the US Presidential voters.

But they are en route to finding out.

 

[JTQ]

But they are en route to finding out.

I don't doubt any failure will be credited to something other than the real cause(s).
In that way they might never "find out".

Not that such placing the blame elsewhere other than accepting it is limited to the US.