So about those tariffs...

[noseall]

On the odd occasions that Orangina doesn't chicken out, he gets told to FO

It'll hurt even more when those it harmed financially, begin wanting payback.

It's a mid-term gift for the Dems. Trump was counting on the tariff decision as a cling-to lifeline. Now, he'll have to use all of his crooked underhanded grift and dishonesty, to avoid a blue wave catastrophe.

I've got my popcorn ready.

 

[Brigadier]

It's a massive blow to Trump. He will be seething.

He'll have forgotten about it soon enough

 

[blup]

He'll have forgotten about it soon enough

They’ll be nervous in Green land. Or maybe Teyran

 

[blup]

The markets don't seem to see it as a big deal.

They see tariffs as a big deal. But with Trumpf the uncertainty is ongoing so a neutral response

 

[motorbiking]

He does seem a bit upset about it.

 

[fillyboy]

Still too early to say how the tariff will affect the US economy as a whole. $287 billion collected in taxes and duties last year which is a 200% increase on the year before. That's almost an extra $200 billion for the govt to play with. Trade deficit is down, prices are up but not as much as most people expected. Trumps got a bit too erratic with the tariff levels using them as a weapon against certain countries, much like us, the EU et al have had to do with China.
If it settles down it might prove to be a good thing and no doubt we will follow.

https://www.nytimes.com/2026/02/02/business/trump-tariffs-one-year-later.html

 

[noseall]

almost an extra $200 billion for the govt to play with

I wouldn't count your chickens. It could end up costing the US that and more.

 

[diy_fun_uk]

He's talking about it now. I've only just hopped on but the strapline along the bottom of the screen says 'Trump: Will sign order imposing 10% global tariff''. Like I say only just hopped on so didn't see the context around it.

Also, 'Trump: tariff revenue refunds will have to be litigated.'

Reporter just asked why he didn't work with Congress. 'Because I don't have to' was Trumps reply.

 

[blup]

Still too early to say how the tariff will affect the US economy as a whole. $287 billion collected in taxes and duties last year which is a 200% increase on the year before. That's almost an extra $200 billion for the govt to play with. Trade deficit is down, prices are up but not as much as most people expected. Trumps got a bit too erratic with the tariff levels using them as a weapon against certain countries, much like us, the EU et al have had to do with China.
If it settles down it might prove to be a good thing and no doubt we will follow.

https://www.nytimes.com/2026/02/02/business/trump-tariffs-one-year-later.html

It wasn’t approved by Congress so more mayhem. EU subsidies went through the proper processes.

 

[morqthana]

He does seem a bit upset about it.

And this was before he lost in court:

https://twitter.com/x/status/2024645428193427518

 

[Brigadier]

He does seem a bit upset about it.

He'll have forgotten about it soon enough

 

[fillyboy]

I wouldn't count your chickens. It could end up costing the US that and more.

I'm not counting chickens, and to be fair, they.re not my chickens to count. It sounds like reading the analysis the main benefit if it happens will be repatriating manufacturing and creating jobs. If that works, and it's a big if, he'll be vindicated. We'll have to wait and see.

Even at this early stage of the game, I'd put more trust in him than the Labour Govt and early indications are I'd be correct to do so.

 

[fillyboy]

He's talking about it now. I've only just hopped on but the strapline along the bottom of the screen says 'Trump: Will sign order imposing 10% global tariff''. Like I say only just hopped on so didn't see the context around it.

Also, 'Trump: tariff revenue refunds will have to be litigated.'

Reporter just asked why he didn't work with Congress. 'Because I don't have to' was Trumps reply.

10% global tariff?, isn't that about 10% less than the 20% VAT we impose on everything that comes into our country?

Unless I'm missing something, that sounds like a better deal than we offer other countries?

No?

 

[morqthana]

It sounds like reading the analysis the main benefit if it happens will be repatriating manufacturing and creating jobs. If that works, and it's a big if, he'll be vindicated. We'll have to wait and see.

And in the meantime how long will it take US manufacturers to build a stock of 100% compatible, non IP infringing components and spare parts, going back over years, to be used to repair all the devices out there with components and parts from countries outside the USA?

 

[fillyboy]

And in the meantime how long will it take US manufacturers to build a stock of 100% compatible, non IP infringing components and spare parts, going back over years, to be used to repair all the devices out there with components and parts from countries outside the USA?

Not as long as I suspect you think. The main challenge is infrastructure, building new factories etc. Components and spares are a mere trifle. In the main they're talking about repatriating manufacturing that only left a few years ago. For companies such as VW who have manufacturing already in the US, but shifted a significant portion to, say, Mexico, they simply need to build new factories in the US, and will.

It's a binary choice, do we build cars in Mexico or Canada as we have done for a number of years to profit from cheaper labour rates, cheaper building costs whilst paying heavy tariffs which will make our product more expensive, or do we shift production back to the US and maintain a healthy market share.

For most car manufacturers, the US is probably their most important market, China ain't buying them.