why if they are competing against EU countries amongst others with higher tariffs it will make them far more competitive
US tarrifs. 10% U.K., 20% EU.
- Thread starter Mottie
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You have no say in how many whippings you are going to get so if the choice was between 10 or 20, which one would you be happier to receive?
Unfortunately, that option is not availible.
Can't you? Compared to 20%, I can.
That was the perception before Putins invasion of Ukraine.
The EU was on the verge of a trade war with the UK until Putin arrived, their belligerent attitude soon changed when they realised that they needed the UK to deter Putin.
You really do make the most silly posts.
Come on let’s see you provide evidence of this “trade war with the U.K.”:……..this will be interesting as you won’t be able come up with anything.
I notice Mottie and Fillyboy liked your nonsense…..because they are still drinking the Brexit Koolaid
I'm still trying to work out how the UK qualifies for a 10% tariff when there's a 12bn trade surplus. Nothing makes sense about any of this, unless you count American fears for a stronger EU trading with China, then it all becomes a little clearer.
I think it's only on goods, not services.
So there's a deficit on goods, then why include services in the full total?
Because the people who out the list together are idiots who didn't think about it for more than 15 minutes.
As demonstrated by including the islands only inhabited by Penguin on the list
It's indicative of the way he thinks things through, though, with no understanding of how the real world works beyind a balance sheet.
In absolutist terms I agree that we don't pay the tariffs directly. But indirectly we do if we want to maintain sales by having to lower prices.
I doubt thats going to happen very quickly, Trump has made the market unstable so businesses arent going to make rash decisions
and of course American buyers have been busy forward ordering recently in anticipation so theres going to be a bit drop in USA imports soon.
American companies are known to screw suppliers down very hard including ridiculous credit terms sometimes 120 days
I rather doubt theres much in the way to cut prices for the supplier.
And dont forget EU, UK manufacturers are likely to see their costs go up as a result of Trumps actions
What is going to happen is that the global supply chains are going to reorder themselves cutting out America, for example Canada is setting up deals with EU, Japan, China to sell gas and oil............so they no longer have to deal with America at all
If the RoW reorders supply chains over the next 4 years, Its going to make America isolated
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Not if the American public pay the increase, the importers take a cut or we find other markets.
Given the trade deficit with the US, we should have had no tariffs, but don't let facts get in the way of a good rant.
"That includes the UK, with whom the US has a surplus (by its own calculations) of $12bn. By its own reciprocal tariff formula, the UK should be benefitting from a "negative tariff" of 9%.
Instead, it has been hit by a 10% baseline tariff. Number 10 may be breathing a sigh of relief - the US could, after all, have gone after us for our 20% VAT rate on imports, which it takes issue with - but, by Trump's own measure, we haven't got off as lightly as we should have."
Trump trade war: The blunt calculation that should have spared UK from reciprocal tariffs
Sky's Gurpreet Narwan says the methodology used by the White House to calculate its duties against trading partners should have meant the UK escaped unscathed.
We're not North Korea or Russia, we can't expect their favourable treatment from the US.Given the trade deficit with the US, we should have had no tariffs, but don't let facts get in the way of a good rant.
"That includes the UK, with whom the US has a surplus (by its own calculations) of $12bn. By its own reciprocal tariff formula, the UK should be benefitting from a "negative tariff" of 9%.
Instead, it has been hit by a 10% baseline tariff. Number 10 may be breathing a sigh of relief - the US could, after all, have gone after us for our 20% VAT rate on imports, which it takes issue with - but, by Trump's own measure, we haven't got off as lightly as we should have."
Trump trade war: The blunt calculation that should have spared UK from reciprocal tariffs
Sky's Gurpreet Narwan says the methodology used by the White House to calculate its duties against trading partners should have meant the UK escaped unscathed.news.sky.com
