US tarrifs. 10% U.K., 20% EU.

[denso13]

"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%.

You are making the mistake of thinking that Trump has thought this through. He hasn't.

Believing that Taiwan impose 64% tariffs on the US still makes me chuckle.

 

[Lower]

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

There will be significant downward price pressure on suppliers, irrespective of whether local suppliers can pick up the slack. As you say, the end product price to the end user is inevitably going to go up, which in turn will inevitably suppress demand which in turn means there will be downward price pressure on material and component suppliers in an effort to reduce the end product price to rebuild demand.

Its not going to be pretty for the Americans in the short term, let alone the rest of the world.

However, the UK having lower tariffs than Europe and other countries is potentially going to be a major benefit for us with manufacturers setting up here to be able to export to the US with lower input tariffs that from the EU.

 

[denso13]

However, the UK having lower tariffs than Europe and other countries is potentially going to be a major benefit for us with manufacturers setting up here to be able to export to the US with lower input tariffs that from the EU.

The trouble now with longer term business planning is that nobody knows what will happen next week, never mind next year. Will the tariffs change or be removed altogether? Who knows, no one will be investing based on anything Trump says.

 

[IT Minion]

There will be significant downward price pressure on suppliers, irrespective of whether local suppliers can pick up the slack. As you say, the end product price to the end user is inevitably going to go up, which in turn will inevitably suppress demand which in turn means there will be downward price pressure on material and component suppliers in an effort to reduce the end product price to rebuild demand.

Its not going to be pretty for the Americans in the short term, let alone the rest of the world.

However, the UK having lower tariffs than Europe and other countries is potentially going to be a major benefit for us with manufacturers setting up here to be able to export to the US with lower input tariffs that from the EU.

Who is going to set up new product lines for a policy that's deeply unlikely to last more than 3 years?

We might get more use out of existing ones, but that's the only realistic scenario.

 

[IT Minion]

China has announced 34% reciprocal tarrifs, matching the US increase. Hello global recession, it's been a few years, we didn't miss you.

 

[Notch7]

There will be significant downward price pressure on suppliers, irrespective of whether local suppliers can pick up the slack. As you say, the end product price to the end user is inevitably going to go up, which in turn will inevitably suppress demand which in turn means there will be downward price pressure on material and component suppliers in an effort to reduce the end product price to rebuild demand.

Its not going to be pretty for the Americans in the short term, let alone the rest of the world.

However, the UK having lower tariffs than Europe and other countries is potentially going to be a major benefit for us with manufacturers setting up here to be able to export to the US with lower input tariffs that from the EU.

Are the tariff changes affecting your business in any way?

I guess even if you dont export to USA, there's the affect on global markets might be impossible to know.

There will be significant downward price pressure on suppliers, irrespective of whether local suppliers can pick up the slack.

Businesses will need to maintain profit margins so If they drop prices on USA exports, they are likely to increase prices to other markets to maintain profit margins

I can see prices increasing for that reason across Europe including the UK

 

[Notch7]

China has announced 34% reciprocal tarrifs, matching the US increase. Hello global recession, it's been a few years, we didn't miss you.

and China have the upper hand

America simply cant manufacture goods to compete with China because of labour costs. Chinese hourly rate is around $7/ hr compared to USA at $30/hr

Americans are gonna suffer significant inflation soon.

Sum Ting Gon Wong

 

[opps]

reciprocal maybe list:

https://assets.publishing.service.gov.uk/media/67ee668c9eae202448299c5b/request-for-input-indicative-product-list.pdf

@motorbiking

I selected the commodity code for the first item- purebred horses- the import duty seems to be zero percent.

All imports require a commodity code so that Customs and Excise know which tariff to apply, even if the item has a zero percent tariff.

 

[motorbiking]

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 ??

UK Cars

 

[motorbiking]

@motorbiking

I selected the commodity code for the first item- purebred horses- the import duty seems to be zero percent.

All imports require a commodity code so that Customs and Excise know which tariff to apply, even if the item has a zero percent tariff.

Its the to be considered list. They haven't yet announced tariffs

 

[blup]

.

 

[blup]

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% of sweet fa. Proof that the tariff algorithm is based on trade deficit?

 

[bernardgreen]

 

[blup]

Chinna got it wrong says Trumpf, they panicked. No they did the opposite of what you expected, stood up and are counted. Hopefully Kieth wont take the " we're out of the EU approach" and do a deal. The rest of the world needs to stick together in the face of this madness.

 

[fillyboy]

RR down 11%, bastards.