| Trump’s tariffs 09:48 - Apr 3 with 9964 views | MattinLondon |
I concede that this will probably just be me being naive about this.
But, if the USA are sticking tariffs on a lot of countries - what’s stopping the EU, UK, China etc all simply coming together to create some sort of agreement (albeit a loose one) where each agree to lower tariffs on each others goods to try and offset the extra costs exporting to the USA? But keeping tariffs on American imports high?
I understand that things takes time to achieve but is this possible? |  | | |  |
| Trump’s tariffs on 11:59 - Apr 3 with 1276 views | Radlett_blue |
| Trump’s tariffs on 11:42 - Apr 3 by ElderGrizzly |
Yes, they will be more expensive than before but potentially cheaper than buying the new highly-tariffed products.
Of course, this is a man who is a serial bankruptee, convicted fraudster and managed to bankrupt his own casino. |
Trump is an exceedingly dubious businessman, but after the bankruptcy of his Atlantic City casinos, he used some very aggressive tactics & staved off personal bankruptcy. While he has recently been convicted of falsification of business records, this is technically different from fraud.
I think Trump's economic prowess is very limited & his tariffs will ultimately prove to be a terrible ide for the USA, but he's preaching to people with even less economic acumen than him. |  |
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| Trump’s tariffs on 12:00 - Apr 3 with 1270 views | itfcjoe |
| Trump’s tariffs on 10:49 - Apr 3 by Guthrum |
That's the problem with Trump's approach. No time has been given to set up these sub-manufacturing and supply chains within the USA. Those things take months or years (and a lot of investment) to come on line. It's not like there's masses of redundant (but modernised and maintained) capacity waiting to be opened up. Self-sufficiency cannot be turned on like a switch. Manufacturers are suddenly cut off from the sources they themselves used to produce goods cheaply.
Edit: But, as always with Trump, it's more about the optics than practicalities. [Post edited 3 Apr 10:50]
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And also, if you were running a big global business, would you be wanting to move manufacturing there etc under the current political climate? He changes his mind every other week |  |
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| Trump’s tariffs on 12:06 - Apr 3 with 1246 views | redrickstuhaart |
| Trump’s tariffs on 11:59 - Apr 3 by Radlett_blue |
Trump is an exceedingly dubious businessman, but after the bankruptcy of his Atlantic City casinos, he used some very aggressive tactics & staved off personal bankruptcy. While he has recently been convicted of falsification of business records, this is technically different from fraud.
I think Trump's economic prowess is very limited & his tariffs will ultimately prove to be a terrible ide for the USA, but he's preaching to people with even less economic acumen than him. |
Using inflated valuations for financisl gain was, however, fraud for whixhbhe was convicted. |  | | |
| Trump’s tariffs on 12:13 - Apr 3 with 1231 views | Coastalblue |
| Trump’s tariffs on 10:49 - Apr 3 by Guthrum |
That's the problem with Trump's approach. No time has been given to set up these sub-manufacturing and supply chains within the USA. Those things take months or years (and a lot of investment) to come on line. It's not like there's masses of redundant (but modernised and maintained) capacity waiting to be opened up. Self-sufficiency cannot be turned on like a switch. Manufacturers are suddenly cut off from the sources they themselves used to produce goods cheaply.
Edit: But, as always with Trump, it's more about the optics than practicalities. [Post edited 3 Apr 10:50]
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I read an interesting article some time ago where somebody had asked why ipads are manufactured in China and why not in the States. This was a long time before all this blew up.
The answer was enlightening, for me anyway. There was no capacity in the States to actually procuce most of the parts, even down to the little screws holding them together, there was nowhere in the States capable of manufacturing them to the required tolerances.
The thinking that by the end of the year the USA will be self sufficient is absolutely bonkers, it would probably take a decade of favourable conditions to get any where close to that so presumably he's doing his usual act of creating chaos by going to the extreme end before dialling back and settling on something that is a bit more favourable than it had been. |  |
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| Trump’s tariffs on 12:22 - Apr 3 with 1185 views | Lord_Lucan |
| Trump’s tariffs on 12:13 - Apr 3 by Coastalblue |
I read an interesting article some time ago where somebody had asked why ipads are manufactured in China and why not in the States. This was a long time before all this blew up.
The answer was enlightening, for me anyway. There was no capacity in the States to actually procuce most of the parts, even down to the little screws holding them together, there was nowhere in the States capable of manufacturing them to the required tolerances.
The thinking that by the end of the year the USA will be self sufficient is absolutely bonkers, it would probably take a decade of favourable conditions to get any where close to that so presumably he's doing his usual act of creating chaos by going to the extreme end before dialling back and settling on something that is a bit more favourable than it had been. |
That's a good point. The general public will not like it one bit when their iPhone rises in price.
If Cameron had told everyone that their free calls whilst on holiday in Europe would go then we would never have Brexited. |  |
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| Trump’s tariffs on 12:32 - Apr 3 with 1157 views | Ryorry |
| Trump’s tariffs on 10:49 - Apr 3 by Guthrum |
That's the problem with Trump's approach. No time has been given to set up these sub-manufacturing and supply chains within the USA. Those things take months or years (and a lot of investment) to come on line. It's not like there's masses of redundant (but modernised and maintained) capacity waiting to be opened up. Self-sufficiency cannot be turned on like a switch. Manufacturers are suddenly cut off from the sources they themselves used to produce goods cheaply.
Edit: But, as always with Trump, it's more about the optics than practicalities. [Post edited 3 Apr 10:50]
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"But, as always with Trump, it's more about the optics than practicalities."
Well at least AFC Bournemouth and ITFC cunningly managed to avoid the largest global theatrical moment staged by the biggest 'look at meeeeeeeee' narcissist on the planet 😂 |  |
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| Trump’s tariffs on 13:44 - Apr 3 with 1071 views | Illinoisblue |
| Trump’s tariffs on 10:49 - Apr 3 by Guthrum |
That's the problem with Trump's approach. No time has been given to set up these sub-manufacturing and supply chains within the USA. Those things take months or years (and a lot of investment) to come on line. It's not like there's masses of redundant (but modernised and maintained) capacity waiting to be opened up. Self-sufficiency cannot be turned on like a switch. Manufacturers are suddenly cut off from the sources they themselves used to produce goods cheaply.
Edit: But, as always with Trump, it's more about the optics than practicalities. [Post edited 3 Apr 10:50]
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It is about the optics with him, but what’s the play here? Assume he’s counting on his base being too stupid to see that crashing the stock market and raising the cost of almost everything is maybe not such a great idea.
Some of his Fox News fan club are already going with the “Americans will have to suffer some pain (with their 401ks) but it’s all for the greater good” line. As if Trump is suddenly going to turn the U.S. into a manufacturing powerhouse in a couple of weeks. |  |
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| Trump’s tariffs on 13:51 - Apr 3 with 1054 views | itfcjoe |
| Trump’s tariffs on 13:44 - Apr 3 by Illinoisblue |
It is about the optics with him, but what’s the play here? Assume he’s counting on his base being too stupid to see that crashing the stock market and raising the cost of almost everything is maybe not such a great idea.
Some of his Fox News fan club are already going with the “Americans will have to suffer some pain (with their 401ks) but it’s all for the greater good” line. As if Trump is suddenly going to turn the U.S. into a manufacturing powerhouse in a couple of weeks. |
Making people poorer despite promising the opposite and then claiming it was always going to be this way worked here with Brexit - it's a seemingly very similar act of self harm economically | |
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| Trump’s tariffs on 13:54 - Apr 3 with 1039 views | ElderGrizzly |
| Trump’s tariffs on 11:59 - Apr 3 by Radlett_blue |
Trump is an exceedingly dubious businessman, but after the bankruptcy of his Atlantic City casinos, he used some very aggressive tactics & staved off personal bankruptcy. While he has recently been convicted of falsification of business records, this is technically different from fraud.
I think Trump's economic prowess is very limited & his tariffs will ultimately prove to be a terrible ide for the USA, but he's preaching to people with even less economic acumen than him. |
There was a fraud element to his conviction, but your last point is the issue.
The people who voted for him and will continue to vote for him will be taken in by the "slap an American flag on things and say nasty stuff about greedy countries" play here.
And if all you care about is power, then you don't probably care about anything else. They've already started talking about the market falls being engineered as 'fake' to try and reduce the impact of that reality. |  | | |
| Trump’s tariffs on 13:55 - Apr 3 with 1038 views | MattinLondon |
| Trump’s tariffs on 13:51 - Apr 3 by itfcjoe |
Making people poorer despite promising the opposite and then claiming it was always going to be this way worked here with Brexit - it's a seemingly very similar act of self harm economically |
Bit as long as it’s dressed up in the Stars and Stripes or a union flag, a lot of people will buy it. | | | |
| Trump’s tariffs on 13:55 - Apr 3 with 1034 views | Oldsmoker |
| Trump’s tariffs on 10:57 - Apr 3 by Lord_Lucan |
I think Trump has done this purely to act as a lever for future negotiations with each and every country / trading block re anything and everything.
The world has two ways to go here and the only one certain thing is that you cannot do nothing.
I would look at two things........
Re ignite the underestimated potential force of the commonwealth and persuade everyone within it to reciprocate the tariffs. At the same time persuade Europe and China to do likewise
Look at the possibility of the world to stop trading in dollars when importing goods. |
Do you mean gang up on America?
I think the World should.
Trumps America effectively declared a trade war on the world so let's fight back.
Trump won't end the tariffs on a country if he thinks it's good for America.
He will of course negotiate when he realises that the tariff with a certain country is hurting the US but will be negotiating with a weakened hand.
He might find them extremely adversarial not cooperative.
I don't think countries are going to flatter/suck up to Trump after what he's just done. |  |
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| Trump’s tariffs on 13:56 - Apr 3 with 1033 views | ElderGrizzly |
| Trump’s tariffs on 13:51 - Apr 3 by itfcjoe |
Making people poorer despite promising the opposite and then claiming it was always going to be this way worked here with Brexit - it's a seemingly very similar act of self harm economically |
In depressingly similar news, Farage has said yesterday that Reform will have it's own version of DOGE in any councils they win or gain control in. | | | |
| Trump’s tariffs on 13:57 - Apr 3 with 1027 views | MJallday |
| Trump’s tariffs on 10:16 - Apr 3 by BloomBlue |
Tariffs are complex. Trumps tariffs are based on the simplistic view that if you use them, then companies will move their production to the US to avoid the tariffs.
But some of the EU tariffs on China are based on level playing fields. Employees in the EU have protected rights which cost companies money, whereas employees in China don't have any. This means Chinese goods are cheaper, because company overheads are cheaper, hence not a level playing field, and thus EU added tariffs.
Trumps tariffs will either be an amazing gamble, if they work, or one of the biggest c*ckups in politics - we will know in 4 years |
do we really need to wait 4 years to work out whether trump is the biggest c*ck up in politics? im pretty sure of the answer now. |  |
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| Trump’s tariffs on 13:59 - Apr 3 with 1021 views | hype313 |
| Trump’s tariffs on 12:13 - Apr 3 by Coastalblue |
I read an interesting article some time ago where somebody had asked why ipads are manufactured in China and why not in the States. This was a long time before all this blew up.
The answer was enlightening, for me anyway. There was no capacity in the States to actually procuce most of the parts, even down to the little screws holding them together, there was nowhere in the States capable of manufacturing them to the required tolerances.
The thinking that by the end of the year the USA will be self sufficient is absolutely bonkers, it would probably take a decade of favourable conditions to get any where close to that so presumably he's doing his usual act of creating chaos by going to the extreme end before dialling back and settling on something that is a bit more favourable than it had been. |
90% of tomatoes are imported from Mexico, I bet all the natives up and down the country will be loving paying double/treble for their slices of Pizza.
It's an act of huge self harm, Beavis and Butthead are well and truly running the White House.
Although you could argue this is the mother of all dead cats...
[Post edited 3 Apr 13:59]
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| Trump’s tariffs on 14:01 - Apr 3 with 1005 views | MJallday |
im waiting to see what happens with apple
most of their products are manufacutred in china. 39% on the price of your iphone doesnt sound great for the yanks (ignoring the fact its at least 39% overpriced as it is) | |
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| Trump’s tariffs on 14:03 - Apr 3 with 996 views | ElderGrizzly |
| Trump’s tariffs on 13:59 - Apr 3 by hype313 |
90% of tomatoes are imported from Mexico, I bet all the natives up and down the country will be loving paying double/treble for their slices of Pizza.
It's an act of huge self harm, Beavis and Butthead are well and truly running the White House.
Although you could argue this is the mother of all dead cats...
[Post edited 3 Apr 13:59]
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Yeah, got that intel in our local Whatsapp group from Hegseth ;)
On tariffs, he has done what he said he'd do when campaigning so it's not really a dead cat, or if it is you were told the cat was dying 9 months ago.
I can imagine with Russia's relationship with Iran, this is a dangerous tactic to get them to play ball on Ukraine a bit more.
Not sure even Trump's ego wants a Trump Tehran casino. | | | |
| Trump’s tariffs on 14:05 - Apr 3 with 981 views | MJallday |
the NYSE opens in 25 mins.. so that'll be interesting to watch | |
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| Trump’s tariffs on 14:05 - Apr 3 with 979 views | ElderGrizzly |
| Trump’s tariffs on 14:01 - Apr 3 by MJallday |
im waiting to see what happens with apple
most of their products are manufacutred in china. 39% on the price of your iphone doesnt sound great for the yanks (ignoring the fact its at least 39% overpriced as it is) |
Given all the tech bros (apart from Apple) appear to be Team Trump and were front row in his inauguration, they could really try and hurt Apple there.
Although I can also imagine there being some kind of loophole introduced which will use some kind of % ownership vs manufacturing location and where the tax bill is (or isn't) paid. | | | |
| Trump’s tariffs on 14:06 - Apr 3 with 971 views | ElderGrizzly |
| Trump’s tariffs on 14:05 - Apr 3 by MJallday |
the NYSE opens in 25 mins.. so that'll be interesting to watch |
They were saying it was expected to fall 1,000 points on opening and the S&P by up to 5% | | | |
| Trump’s tariffs on 14:11 - Apr 3 with 951 views | MJallday |
| Trump’s tariffs on 14:05 - Apr 3 by ElderGrizzly |
Given all the tech bros (apart from Apple) appear to be Team Trump and were front row in his inauguration, they could really try and hurt Apple there.
Although I can also imagine there being some kind of loophole introduced which will use some kind of % ownership vs manufacturing location and where the tax bill is (or isn't) paid. |
there will be some accountants busily trying to work out how they can minimise impact today, thats for sure | |
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| Trump’s tariffs on 14:17 - Apr 3 with 943 views | Oldsmoker |
| Trump’s tariffs on 10:16 - Apr 3 by BloomBlue |
Tariffs are complex. Trumps tariffs are based on the simplistic view that if you use them, then companies will move their production to the US to avoid the tariffs.
But some of the EU tariffs on China are based on level playing fields. Employees in the EU have protected rights which cost companies money, whereas employees in China don't have any. This means Chinese goods are cheaper, because company overheads are cheaper, hence not a level playing field, and thus EU added tariffs.
Trumps tariffs will either be an amazing gamble, if they work, or one of the biggest c*ckups in politics - we will know in 4 years |
Toyota, Nissan and Honda built car factories in the UK because that gave them access to the EU market without import penalties.
Is Trump trying to do the same?
His 4 year term is not long enough for him to create the infrastructure.
If he liked infrastructure then why is he trying to undo the CHIPS act?
He has no coherent plan.
The Project25 neocons are OK with Tariffs 'cos they disrupt the World while their own disruption via DOGE is destroying America.
Cause Chaos and destruction and what grows from the embers will be stronger.
That was Thatchers idea and despite the Tories eulogising about her 'legacy' she ruined the UK through Privatisation and making Companies only exist for the benefit of the shareholder. | |
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| Trump’s tariffs on 14:20 - Apr 3 with 936 views | Illinoisblue |
| Trump’s tariffs on 13:51 - Apr 3 by itfcjoe |
Making people poorer despite promising the opposite and then claiming it was always going to be this way worked here with Brexit - it's a seemingly very similar act of self harm economically |
And people are too stupid to see it, opting instead to be dazzled by lies of immigrants eating cats and dogs (a story that played out for weeks in the run up to the election, and was completely false) or the dangers of trans people playing sport. I don’t want men playing in women’s sports either but it’s a tiny tiny number of people. But as ever, hate and fear sells. | |
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| Trump’s tariffs on 14:21 - Apr 3 with 929 views | ElderGrizzly |
| Trump’s tariffs on 14:20 - Apr 3 by Illinoisblue |
And people are too stupid to see it, opting instead to be dazzled by lies of immigrants eating cats and dogs (a story that played out for weeks in the run up to the election, and was completely false) or the dangers of trans people playing sport. I don’t want men playing in women’s sports either but it’s a tiny tiny number of people. But as ever, hate and fear sells. |
Talking of hate and fear - they are going for the stolen election banter again
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| Trump’s tariffs on 14:23 - Apr 3 with 917 views | MJallday |
| Trump’s tariffs on 14:17 - Apr 3 by Oldsmoker |
Toyota, Nissan and Honda built car factories in the UK because that gave them access to the EU market without import penalties.
Is Trump trying to do the same?
His 4 year term is not long enough for him to create the infrastructure.
If he liked infrastructure then why is he trying to undo the CHIPS act?
He has no coherent plan.
The Project25 neocons are OK with Tariffs 'cos they disrupt the World while their own disruption via DOGE is destroying America.
Cause Chaos and destruction and what grows from the embers will be stronger.
That was Thatchers idea and despite the Tories eulogising about her 'legacy' she ruined the UK through Privatisation and making Companies only exist for the benefit of the shareholder. |
seemingly so. Hyundai have just built a plant over there.
trump seems to forget that one of the reasons that the US buys stuff in is because they cant make it, or have no knowledge / facilities to make it.
therefore ultimately, the biggest looser out of all of this will be the US everyday joe - who will either lack of being able to buy products, or prices going through the roof.
then again like all of trumps other policies, im expecting a u turn | |
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| Trump’s tariffs on 15:08 - Apr 3 with 819 views | Illinoisblue |
| Trump’s tariffs on 14:21 - Apr 3 by ElderGrizzly |
Talking of hate and fear - they are going for the stolen election banter again
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Such a surprise to see that! A nice reminder that every election Trump/Republicans win is an honest, genuine win and any they lose is 100% fraud.
There needs to be a cull of these fking grifters and liars. Such an exhausting place to live. | |
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