But as denso pointed out the tariff is on the businesses not the country or the eu. So it is entirely possible that the UK would have been excluded even if we were still in the eu.
US tarrifs. 10% U.K., 20% EU.
- Thread starter Mottie
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Tarrifs are applied in addition to VAT.
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Doesn't work like that in reality though, does it. The importer pays, but if the price goes up so much the importer doesn't want to pay the increased effective price, the supplier has to cut their price to offset the tariff increase.
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I was refuting a claim that we pay out more when tariffs go up. We don't.
Tariffs may hit sales, or not. Not really the point.
But will suppliers have to cut their prices to offset the tariff increase?
Trump has imposed tariffs on most of Americas major trade partners so USA businesses only have domestic suppliers as an alternative.........and that is not terribly likely for most supplies.
If suppliers refuse to cut prices what is the American business going to do?
my guess is that American prices in the shops will shoot up
I feel sorry for American businesses right now, they are in for a very very difficult time, we have a global economy and supply chains are complex, parts are ordered from all over the world, in many cases switching suppliers is just not possible in the short term
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Its just to get everyone rushing to do a deal, that they don't want to do, to come of his naughty list. Its his only negotiating style - show you what bad looks like, so you are happy with less good.
we should definitely increase tariffs on live pigeons
it will be interesting to see how this plays out as Trumps tariff argument that is based on trade deficit is straight from Project 2025
Also Trump wants to fund tax cuts for corporations from tariffs:
"U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts,"
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It's a very odd list. I wondered if it was everything we don't import.
Why would you import horses for slaughter? I don't recall butternut box having a rodeo horse option on the menu.
Some French run / affiliated island is now the highest tariffed place in the world
99% tariffs
They sold 6 million $ in exports to the US and imported FA
How are Uk cars with Chinese batteries going to be classified ??
99% tariffs
They sold 6 million $ in exports to the US and imported FA
How are Uk cars with Chinese batteries going to be classified ??
Its just another day in import/export paperwork hell.Some French run / affiliated island is now the highest tariffed place in the world
99% tariffs
They sold 6 million $ in exports to the US and imported FA
How are Uk cars with Chinese batteries going to be classified ??
Firebombs waiting to go off
Surprise surprise it's going to **** up the Brexit agreement.
www.theguardian.com
Trump tariffs could undermine Brexit deal in Northern Ireland
US president imposes two-tier rate on island of Ireland, raising concerns over impact on 1998 peace pact
www.theguardian.com
