20% tariffs on EU

10% tariffs on UK

Liberation day for the US.

your monthly tariff hysteria scheduled right about now, except this is also a very big one - watch this space for even worse market reactions than we've seen previously.

15 minutes ago, Iz 🌟 said:

20% tariffs on EU

10% tariffs on UK

Liberation day for the US.

your monthly tariff hysteria scheduled right about now, except this is also a very big one - watch this space for even worse market reactions than we've seen previously.

Liberation day for US consumers from current prices. Welcome to higher prices.

Well so far it’s pretty good for the £ against the dollar which is perfect but long term it’ll be a good experiment. We’ve heard forever how tariffs are terrible well now we shall get to see if that is actually true. I fear the results may surprise people.

12 minutes ago, Iz 🌟 said:

20% tariffs on EU

10% tariffs on UK

Liberation day for the US.

your monthly tariff hysteria scheduled right about now, except this is also a very big one - watch this space for even worse market reactions than we've seen previously.

Interesting, I suspect a lot of these will barely be in policy for long and will be rolled back. There is a clear play here to the home voter base. The 10% for UK seems to be lower than was expected.

I understand the ideology, but not sure of the economics. If the product will be made in the US, the cost of labour is higher and thus it eats in to profit margins for shareholders. Plus, creating a proper manufacturing facility takes a long time to get it fully operational and a safe environment. I think this will play very well to the home audience.

Could also affect some of our businesses that export to the US, a worrying one is the automotive industry, as that has a lot of moving parts and things to manufacture, so lots of businesses downwind from the manufacturers themselves also, and operates on tight margins. If demand for cars falls in the US, that would not be pretty for us, it's our second-biggest export sector to the US and the most vulnerable in that list.

16 minutes ago, Rooney said:

Interesting, I suspect a lot of these will barely be in policy for long and will be rolled back. There is a clear play here to the home voter base. The 10% for UK seems to be lower than was expected.

I understand the ideology, but not sure of the economics. If the product will be made in the US, the cost of labour is higher and thus it eats in to profit margins for shareholders. Plus, creating a proper manufacturing facility takes a long time to get it fully operational and a safe environment. I think this will play very well to the home audience.

Also like, a service-focused economy like the US generally gets a lot richer by having its economy based around tertiary services, who can then afford all the cheap manufactured goods that have been outsourced overseas - that's been the major source of their economic dominance ever since the end of the Cold War. The flat tariffs on basically everything are very likely to cause a lot of economic slowdown within the US, which will have associated shocks around the globe, but none as bad as in the centre.

The economics are braindead if your aim is to keep the US as a world-leading economy. Though perhaps not so braindead if you, or your associated cabal of billionaires intend to buy up cheap assets after plunging a large economy into a recession...

With a 10% tariff, plus tariff-free trade with the EU block, Northern Ireland could end up as a surprise winner in this trade war. As long as there's still an economy.

30 minutes ago, Iz 🌟 said:

Also like, a service-focused economy like the US generally gets a lot richer by having its economy based around tertiary services, who can then afford all the cheap manufactured goods that have been outsourced overseas - that's been the major source of their economic dominance ever since the end of the Cold War. The flat tariffs on basically everything are very likely to cause a lot of economic slowdown within the US, which will have associated shocks around the globe, but none as bad as in the centre.

The economics are braindead if your aim is to keep the US as a world-leading economy. Though perhaps not so braindead if you, or your associated cabal of billionaires intend to buy up cheap assets after plunging a large economy into a recession...

Does seem a bit Brexity at the moment. Suspect any benefits will be longer term if there are any (e.g. 7-10 years) and the Markets don't like the news in the US at the moment. I'm sure they will rebound slightly, but definitely not a positive reaction. But like I say, suspect a lot of this will end up getting negotiated and watered down with concessions being made in some places.

One good thing about brexit then 🤣

Also no surprise these tariffs are more sympathetic to China/Russia.

Edited April 3Apr 3 by Steve201

Ive seen a few analysts comment on the tariffs and not a single one seems to be able to account for any rhyme reason or logic to the individual percentages beyond bad vibes. Their entire list of justifications holds no water because the EU and UK have different values in both columns even tho the tariffs and non-tariff barriers to entry are near enough identical.

This is just bad faith vibes and I cannot wait for the magats to start crying when they can’t afford their new monster truck or basic food products. Of course they’ll blame anyone but the loudly tangerine for causing it but that’s just how it is when you have a population to stupid to understand it’s been forcefed propaganda

1 hour ago, Steve201 said:

One good thing about brexit then 🤣

Also no surprise these tariffs are more sympathetic to China/Russia.

Chinas new tariff is 54%, not sure id describe that as sympathetic tbh

True, more like Russia!

They oppose China taking their markets. He’s just fighting against the tide as the height of US capitalist power sets and the Chinese century begins.

It’s all politics though even the way he introduced it in the rose garden yday!

19 hours ago, Liam S said:

Sky News

Elon Musk to step back from government role 'in coming mo...

Donald Trump has told members of his cabinet that Elon Musk will leave his government role in the coming months.

A wise decision. Elon cannot understand things like social security. I think DOGE seemed like a nice idea but he was just cutting useful departments and calling it stopping fraud and acting like it was saving money. Deep red states were having thousands of people losing jobs and Elon was boasting about it like an excited child. He is much better suited to his own sphere

NICE IDEQ?! These fascsist do NOT have a point. That little gremlin ha d his beady billionairw eyes set on social security. He wanted to raid it. Billionaires can't understand a couple of SELF FUNDED trillions sitting there. He wants it for himself. Just watch the little weasel on with King Dumb Guy, Joe Rogan. He was smarmily all over social decurity. It was obvious that wss his prize. Doge was unconstirutional, egregiously illegal, and had hired a hacker with ties to Russia... and then handed hin loads of sensitive informarion lmaooo. Notice how Doge went after the National Parks. The billionaire class don't want those to actually exist... They found no corruption- becsuse that id Trimp snd the billionaire lot anyway - saved nothing and cost a lot more.

Those stocks and shares.. jeez. That is absolutely brutal. Reckon this is a good time to open a S&S ISA and whack a bit in there and watch it grow.

Remember that the test for these tariffs is not the stock market but whether they bring back jobs and companies to the US. Uncertainty always creates panic selling and people selling stocks to buy gold etc until they see how it plays out. Ultimately the real test is whether they work not whether stocks go down a little

46 minutes ago, Rooney said:

Those stocks and shares.. jeez. That is absolutely brutal. Reckon this is a good time to open a S&S ISA and whack a bit in there and watch it grow.

The stock market is CRATERING. 1000 points gone in the first few minutes. Trillions wiped off!!! This must hsve been planned by Nuskyrat and his billionaires. They'll swoop in and buy up everything on the cheap. The tariffs will then be rescinded in a couple weeks or months. Billionaires enriched.

17 hours ago, Liam S said:

Well so far it’s pretty good for the £ against the dollar which is perfect but long term it’ll be a good experiment. We’ve heard forever how tariffs are terrible well now we shall get to see if that is actually true. I fear the results may surprise people.

Let's see,

Every other time something the right has scaremongered about and dreamed up a magic solve for it hasn't worked out.

Sure though, let's keep giving them the benefit of the doubt and maybe this nonsensical policy will be 500th time lucky...

55 minutes ago, Liam S said:

Remember that the test for these tariffs is not the stock market but whether they bring back jobs and companies to the US. Uncertainty always creates panic selling and people selling stocks to buy gold etc until they see how it plays out. Ultimately the real test is whether they work not whether stocks go down a little

Yeah the Markets like certainty but isn’t that part of the issue. You can’t just bring jobs and companies back to the US. Companies forecast volumes 12-18 months in advance and even then try getting a manufacturing facility up and running. The US is a service based economy for the most part and just don’t see these tariffs haven’t the desired effect. Suspect they end up being rolled back massively.

1 hour ago, Rooney said:

Those stocks and shares.. jeez. That is absolutely brutal. Reckon this is a good time to open a S&S ISA and whack a bit in there and watch it grow.

Pain for those of us that have been doing that for a while now.

But also makes it very easy to see how they've fucked it up, I had my S&S ISA growing way faster than interest rates throughout the back half of Biden's term. In the last 2 months, most of those gains have been wiped out. This may not even be the bottom of the dip either. Of course I'm doing it for the long term, but all that wasted growth + complete uncertainty.

The Trumpist theory of how this will grow the economy doesn't hold water with any major non-partisan economists. Recession very likely.

2 hours ago, J00prstar said:

Let's see,

Every other time something the right has scaremongered about and dreamed up a magic solve for it hasn't worked out.

Sure though, let's keep giving them the benefit of the doubt and maybe this nonsensical policy will be 500th time lucky...

I don’t even see this as a right wing policy. A lot of traditional conservatives against it. I also don’t think it’s really been tried before at this level in this way

1 hour ago, Rooney said:

Yeah the Markets like certainty but isn’t that part of the issue. You can’t just bring jobs and companies back to the US. Companies forecast volumes 12-18 months in advance and even then try getting a manufacturing facility up and running. The US is a service based economy for the most part and just don’t see these tariffs haven’t the desired effect. Suspect they end up being rolled back massively.

What happens when you just import everything and export nothing? Less jobs, less tax, just pure consumers and the country loses power and money. This is the only way to reverse this situation. Crypto barely taken a hit.

Think of it like this.

Americans are big consumers. The biggest by far especially considering their population. Yet the world is benefitting from this more than America. This isn’t so much a trade war but trade blackmail. America has all the power in the situation because they’re the biggest consumers. They have money too.

But ultimately America has been losing too many jobs and Americans getting poorer while the debt increases by trillions every year.

So this is turning America consumerism on its head.

Will an economist say it’s better Apple get blackmailed into making everything in the states? No. They’ll say it’s better for everyone, the economy that Apple makes these phones in China and Americans benefits because they get cheaper phones. TOTAL BS

Slave labor for one

Americans lose jobs

America gets less tax

Apple taking a big hit on their stock price isn’t a bug or a tragedy it’s by design. They’re supposed to. Now they can either pay the US tariffs in which America profits or avoid tariffs and relocate into the US in which jobs are created in the US and Americans profit and America profits from the double extra revenue.

Will prices go up? Why should they? Apple already makes incredible profits. If they lose some of that so what? Will the markets be better for Apple? Maybe not? Will that technically be bad for the economy? Who cares. Overall America and Americans benefit. That’s why I don’t listen to economists on this issue.

They are focused on what is best for the economy or prices or markets. Not what makes sense with the bigger picture.

Best case scenario America raises trillions in extra revenue via tax/tariffs/jobs and can then reduce taxes or give Americans payouts.

Edited April 3Apr 3 by Liam S

These numbers make no sense. They've divided the trade deficit by imports to come up with those figures... they're not even competent at implementing their own economic ideology, not to mention the inclusion of territories as ridiculous as Svalbard & Jan Mayen and Heard & McDonald Islands in the list of territories that have been 'taking advantage of the US for years'.

1 hour ago, Liam S said:

I don’t even see this as a right wing policy. A lot of traditional conservatives against it. I also don’t think it’s really been tried before at this level in this way

What happens when you just import everything and export nothing? Less jobs, less tax, just pure consumers and the country loses power and money. This is the only way to reverse this situation. Crypto barely taken a hit. Gold massively up. With everything there are opportunities and winners and losers

FOR GOOD REASON.

The winners of this are categorically not the American people, or anyone across the world, so what's the point of this? Domestic businesses will find they have room to price gouge, they might do well out of it.

But the USA is a knowledge economy, it exports tech, it exports financial services. It doesn't have a trade deficit, it is not a situation that needs reversing, and this is not the only way of reducing a trade deficit, only possibly the most harmful and sharp shock way of doing so. I really think you need to stop talking out of your arse because every post betrays your complete lack of economic understanding and bleak deferential outlook to capitalist plunderers.