Donald Trump, perhaps he's not daft?

[Bodd]

Yes, it's common for people who do not have knowledge of economics and international trade to think that protectionism and trade wars are a good thing.

Congratulations, you have two things in common with Trump.

John your very righteous. Different experts will have different opinions at opposite ends of the scale. You may be right you may not be right

 

[JohnD]

You'd be hard pushed to find competent people with a knowledge of economics and international trade who think that protectionism and trade wars are a good thing.

 

[JohnD]

Tax is tax, the name is irrelevant, the cash still going into the treasury is the point surely?

There are lots of taxes. One of them is VAT. The US does not have VAT. It isn't just the name that's different.

 

[JohnD]

If you're in business, do you try to reduce trade with your best customer?

Yes, if you're mad.

 

[SirGalahad]

What's the Leontief paradox? How is trade financed? Etc Trade is not your personal finances magnified at the macro level.

So we can be assured the US will screw us on a trade agreement. Special relationship indeed. Yet dumbos will cheer on Trump as he creates a trade war which will hurt his supporters.

 

[noseall]

Yet dumbos will cheer on Trump

RWR for ya.

 

[Bodd]

You'd be hard pushed to find competent people with a knowledge of economics and international trade who think that protectionism and trade wars are a good thing.

So putting Tariffs on each others goods! Is that a trade war.

 

[JohnD]

Putting 25% tariffs on each others goods, when you already have a trade agreement, in a tit-for-tat game, is a trade war. It will do nobody any good.

the idiot Trump thought it was a great plan.

That's because he's an idiot.

 

[Bodd]

Putting 25% tariffs on each others goods, when you already have a trade agreement, in a tit-for-tat game, is a trade war. It will do nobody any good.

the idiot Trump thought it was a great plan.

That's because he's an idiot.

Then why don't we all just trade with each other Tarrif free?

 

[JohnD]

that is one of the aims of trading nations, and the reasons why they set up trade agreements and open markets.

Trump is busy ripping up his country's agreements.

Britain decided a couple of years ago that the benefits of being in the world's finest and largest Single Market, and being one of the leading members who helped set the rules, were not important enough to hang on to.

Opinions differ.

 

[Bodd]

that is one of the aims of trading nations, and the reasons why they set up trade agreements and open markets.

Trump is busy ripping up his country's agreements.

Britain decided a couple of years ago that the benefits of being in the world's finest and largest Single Market, and being one of the leading members who helped set the rules, were not important enough to hang on to.

Opinions differ.

I'm trying to understand. I may be guilty of a simplistic look on life. It was somthing Bosswhite said that the Falklands would suffer due to Tarriffs on their fish and we would have to subsidise them.

If we import more from the EU than we export to them, then surely we would be able to Subsidise as we are making more in tarriffs.

 

[noseall]

If we import more from the EU than we export to them, then surely we would be able to Subsidise as we are making more in tarriffs.

Who is 'we'? Businesses and those who benefit from cheap movement of goods will suffer financially.

 

[Bodd]

Who is 'we'? Businesses and those who benefit from cheap movement of goods will suffer financially.

Me & my Mum


So let's do away with Tarrifs

 

[IWalkLikeHimaMartian]

The longer game in all of this Trumping, is that the US will find it difficult to enter any kind of agreement with other nations simply because the US has demonstrated that it will rip up that agreement when it feels like it, or when there is a fractious president.

 

[Bodd]

The longer game in all of this Trumping, is that the US will find it difficult to enter any kind of agreement with other nations simply because the US has demonstrated that it will rip up that agreement when it feels like it, or when there is a fractious president.

I read once that he's not happy with high Tarrifs the US get charged by others.

If we have no Tarriffs then hey go here we go