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[Official] US announces new tariffs on most countries

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Reply 40

Original post
by 2WheelGod
It's not a "media trick". Pretty much the entirely of economists, bankers, manufacturers, etc consider Trump's approach to be "insane", "idiotic", "grotesque", "oversimplified", etc.
The truth is that Trump really doesn't have a clue what he's doing, but the culture of sycophancy in the White House is now so advanced that literally no one in his inner circle will offer any contradictory advice.
The policy is already proving to be a disaster, and is unlikely to get any better.

They said that during his first administration then Biden kept the tariffs.

Reply 41

Original post
by 2WheelGod
Which of the UK tariffs and trade barriers in place against the US do you most object to, and why?

I don't object to any UK tariffs. I support the UK protecting British businesses and interests. I was commenting on the US approach.

Reply 42

Original post
by Wired_1800
I think economic options not military options against the most powerful military machine on the planet.

Ironically, America's ragtag alliance took on arguably the most powerful military machine in the world, and won.

Reply 43

Original post
by Wired_1800
That would be fair if done in practice. I doubt the EU would suddenly abandon their protectionist policies to engage with the rest of the world.

Which of the EU's protectionist policies do you most object to, and why?

Reply 44

Original post
by Wired_1800
I don't object to any UK tariffs. I support the UK protecting British businesses and interests. I was commenting on the US approach.

But you said...
"Are you saying that there are no tariffs or trade barriers whatsoever in place against the US?"
So clearly you were commenting on tariffs and trade barriers against the US by the UK/EU. Those are not determined by the US.

Reply 45

Deffo, trump is on a madness with these tarrifs we will be next.

Reply 46

Original post
by P0t4to
Deffo, trump is on a madness with these tarrifs we will be next.

Already happened.

Reply 47

Original post
by 2WheelGod
Already happened.


Oh 😭

Reply 48

Original post
by 2WheelGod
Which of the EU's protectionist policies do you most object to, and why?

President Trump explained the car tariff difference during his speech.

Reply 49

Original post
by 2WheelGod
But you said...
"Are you saying that there are no tariffs or trade barriers whatsoever in place against the US?"
So clearly you were commenting on tariffs and trade barriers against the US by the UK/EU. Those are not determined by the US.

I was acknowledging that there were tariffs.

Reply 50

Original post
by Wired_1800
President Trump explained the car tariff difference during his speech.

Trump has difficulty explaining what day it is.
Any chance you could explain it, and why you object to it?

Reply 51

Original post
by Wired_1800
I think economic options not military options against the most powerful military machine on the planet.

Selling all our $ reserves?

Reply 52

Original post
by Wired_1800
I was acknowledging that there were tariffs.

But you don't object to them?

Reply 53

Original post
by 2WheelGod
Ironically, America's ragtag alliance took on arguably the most powerful military machine in the world, and won.

Who was this?

Reply 54

Original post
by 2WheelGod
But you don't object to them?

I think this would get deviated like many of our conversations, so here is my current view.

Countries should do what they can to protect their interests. The US believes that they have been the victims of poor trade practices where they have mentioned some examples with the EU. If those blocs or countries disagree and choose to retaliate, that’s their determination.

Reply 55

Original post
by Quady
Selling all our $ reserves?

That would be silly.

Reply 56

Original post
by 2WheelGod
Trump has difficulty explaining what day it is.
Any chance you could explain it, and why you object to it?

The President explained that EU car imports to the US attracts a 2.5% tariff while the EU charges 10%. That’s clearly not balanced.

Reply 57

Original post
by 2WheelGod
"A European manufacturer could have part of their manufacturing based in the US, which ships components for final assembly to Europe."
Unlikely. Labour and other costs would tend to make this prohibitive. Components are usually manufactured in countries with more commercially attractive systems.

The US is a commercially attractive system in many ways for higher spec products - I was just giving an easy to understand example of how US tariffs affect the wider picture (and the EU does import substantial quantities of high end components from the US - think things like components in medical and aviation equipment, engines, high spec engineering components et... + big volumes of chemicals, fuels and energy commodities.)

Point being - the US charging these levels of blanket tariffs even without any retaliatory tariffs from the UK/EU can have a really serious knock-on effect on world trade and inflation.

Reply 58

Original post
by Wired_1800
That would be silly.

So not even all economic options then.

Reply 59

Original post
by Quady
So not even all economic options then.

The PM said all options were on the table. If he chose to sell all US $ reserves, that’s his choice.

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