US Tariff War

Dubai Blue said:
It's almost as though the whole thing hasn't been thought through properly ;)

Does Trump even realise that most American consumer goods companies are making their stuff outside the country?
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Coupled with forcing their population to buy at the higher price either as USA made or taxed import.
 
An analyst has just stated that an iPhone will almost triple in price. It will take Apple 3 years and $3bn to move just 10% of it's supply and manufacturing process. Trump clearly thinks he's back in the 1920s when it come to how supply chains actually work.
 
He's going to have to reap what he is sowing here. It's ok for all the backthumping between the true 'Merican MAGA idiots but he's destroying the country for those who actually have a brain and want to be part of a civilised Country.
 
What’s startling is that he not only appears to think he’s been made King, but the American politicians seem to think he has, as well.
They’ve just had a bond auction, which people aren’t buying and their bonds are being sold off at record rates. There was a theory that him and his acolytes were doing this to get people buying bonds thus helping the US debt. Currently the interest rates on 10+ year bonds are spiking, similarly to what happened with Liz Lettuce, and we know how that ended……
 
Churchlawtonblue said:
All we need now is the EU and UK to retaliate with reciprocal tarrifs and Trump will cave.
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EU and the UK have been (imo disappointingly) quiet in this, not wanting to be the focus of Trumps mental breakdowns and willing to let China fight it out instead.

Expected them to have more backbone here, we don't want or need a response as strong as China but a firm unified response from those that are historically allies with US would have to at least make him think. The world is a tough place to prosper in if you've got no allies.

We should be lasering in and targetting luxury goods that we can all do without with many local alternatives available, that way the EU and UK don't really suffer whilst still sending a message to the US.

Canadian public had the start of the right idea with alcohol with those scenes where they're flat out refusing to stock American booze. Boycotting all American produced alcohol is easy to do and has next to no real impact on us yet it would be devastating for the American alcohol industry. I'm sure there's plenty of other similar viable targets too.

I think any significant involvement from UK and EU is going to have to come from a collective public effort to boycott certain targetted American products rather than any government response.
 
Elbow beards said:
Yep,
View attachment 152426
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Lol. I bet he's like most Trump supporters right now. Thinking, am I a dumbass?

Yes you are.

dumb as a rock.
ninjamonkey said:
EU and the UK have been (imo disappointingly) quiet in this, not wanting to be the focus of Trumps mental breakdowns and willing to let China fight it out instead.

Expected them to have more backbone here, we don't want or need a response as strong as China but a firm unified response from those that are historically allies with US would have to at least make him think. The world is a tough place to prosper in if you've got no allies.

We should be lasering in and targetting luxury goods that we can all do without with many local alternatives available, that way the EU and UK don't really suffer whilst still sending a message to the US.

Canadian public had the start of the right idea with alcohol with those scenes where they're flat out refusing to stock American booze. Boycotting all American produced alcohol is easy to do and has next to no real impact on us yet it would be devastating for the American alcohol industry. I'm sure there's plenty of other similar viable targets too.

I think any significant involvement from UK and EU is going to have to come from a collective public effort to boycott certain targetted American products rather than any government response.
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It would be great if there was a unified global response. All countries announcing a coordinated response.

This is a game of extortion but Trump is using global trade as the bargaining chip without realising the US has the most to lose.

Yes China has a lot to lose but they are an authoritarian regime. China can ride this out for as long as it takes. Trump has to fight mid terms in just over a year, if he can hold that long.
 
ninjamonkey said:
EU and the UK have been (imo disappointingly) quiet in this, not wanting to be the focus of Trumps mental breakdowns and willing to let China fight it out instead.

Expected them to have more backbone here, we don't want or need a response as strong as China but a firm unified response from those that are historically allies with US would have to at least make him think. The world is a tough place to prosper in if you've got no allies.

We should be lasering in and targetting luxury goods that we can all do without with many local alternatives available, that way the EU and UK don't really suffer whilst still sending a message to the US.

Canadian public had the start of the right idea with alcohol with those scenes where they're flat out refusing to stock American booze. Boycotting all American produced alcohol is easy to do and has next to no real impact on us yet it would be devastating for the American alcohol industry. I'm sure there's plenty of other similar viable targets too.

I think any significant involvement from UK and EU is going to have to come from a collective public effort to boycott certain targetted American products rather than any government response.
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Love to see the tourism figures this summer, can image there will be a sharp decline.
 
ninjamonkey said:
EU and the UK have been (imo disappointingly) quiet in this, not wanting to be the focus of Trumps mental breakdowns and willing to let China fight it out instead.

Expected them to have more backbone here, we don't want or need a response as strong as China but a firm unified response from those that are historically allies with US would have to at least make him think. The world is a tough place to prosper in if you've got no allies.

We should be lasering in and targetting luxury goods that we can all do without with many local alternatives available, that way the EU and UK don't really suffer whilst still sending a message to the US.

Canadian public had the start of the right idea with alcohol with those scenes where they're flat out refusing to stock American booze. Boycotting all American produced alcohol is easy to do and has next to no real impact on us yet it would be devastating for the American alcohol industry. I'm sure there's plenty of other similar viable targets too.

I think any significant involvement from UK and EU is going to have to come from a collective public effort to boycott certain targetted American products rather than any government response.
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I think the EU (by which I mean UvdL and the “upper management”/ leadership of the EU, not the individual countries or their leaders) is pretty good at protecting itself and is probably timing its response.

I suspect they will let China and Canada ramp up a ton of pressure on Trump as people work out how bad this is and MAGA start looking confused, then the EU will come in a bit later with (hopefully) a finishing blow.

Also remember the EU is a bureaucracy of 27 nations, it simply can’t respond as quickly and resoundingly as a country like China.
 
domalino said:
I think the EU (by which I mean UvdL and the “upper management”/ leadership of the EU, not the individual countries or their leaders) is pretty good at protecting itself and is probably timing its response.

I suspect they will let China and Canada ramp up a ton of pressure on Trump as people work out how bad this is and MAGA start looking confused, then the EU will come in a bit later with (hopefully) a finishing blow.

Also remember the EU is a bureaucracy of 27 nations, it simply can’t respond as quickly and resoundingly as a country like China.
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I thought the same about the last line, and also that they were seeing hat happens, rather than the instant attacks.

BBC have just said (Reuters have said) the European Commission have EU country backing to add 25% duty on some imports, specifically in response to the metals tariffs (steel/aluminium).
Undecided how to react to e.g. car tariffs.
 
Elbow beards said:
Love to see the tourism figures this summer, can image there will be a sharp decline.
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Probably too soon to really hurt them as many will have booked it way in advance of this clown getting back in. another good and easy way to hit back though. Shame they've got the world cup next year.
 
I wonder if the China/US spat is now into meaningless figure territory - the %age add-ons are so high, it makes no difference if they're increased.

Some of the stock market big boys may be unaffected, some will get smacked.
The smaller entities who are just unlisted companies will be ruined.

Apparently govt bonds are getting a sell-off and China have more than anyone else it's not known who is selling them. Normally, this is the safe haven where people go to when stock markets fall, so if they're being sold off, it's a potential mess.
I don't really understand enough as to why hedge funds might be affected, something about placing 'bets' on movement.
 
EU member states have backed countermeasures against the US, on the day Donald Trump's 20% tariff was imposed on the bloc.

This European vote is in response to earlier US tariffs made on imports of steel and aluminium from the EU, announced last month and amounting to a 25% levy.

In a statement, the European Commission said: "The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy.

"The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial."

The countermeasures - mostly duties of 25% on a range of imports to Europe from the US - will come into force next week, on 15 April, and can be suspended "at any time", the commission said, if the US agrees to a "fair and balanced negotiated outcome".

The bloc is still weighing up how to respond to Trump's latest tariffs.
 
BlueHammer85 said:
It has been sustainable for decades, why make your own products when it can be made for far cheaper elsewhere? that's how the world works and how globally most countries have prospered.
Obviously, workers rights should be tackled more and countries should be punished unless they change there ways on this.
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That's the problem though isn't it? - we all like the idea of better human rights in south east Asia etc but quietly endorse the status quo when it comes to our consumerism.
Im very much part of the problem myself so not preaching - I'm loving my cheap goods
 
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