Watching Trump - Tariffs - your thoughts

[Livingbytheocean]

Did I actually hear him use the word rape in his presidential address?

I have been blindsided listening to the ‘content’ by the flippant use of that word.

Trump is about to destroy British manufacturing. The last steelworks is likely to close because of these tariffs. Nigel Farage has gone very quiet.

Pray to god they don’t trade more of our NHS. It is not theirs to sell.

Come on, this 'zero grasp' stuff is nonsense.

There's little difference to note on economic performance when you compare the (first) Trump and Biden administrations. You can cherry pick (whilst ignoring underlying factors like covid) conflicting 'facts' from whatever agenda driven UK media you prefer, whether it be the guardian or the telegraph.

You hate him, we get it, but you have no idea how this term will unfold, nor how the tariffs will impact. None whatsoever.

If you care about or even basically understand economics you would understand how the US economy directly impacts ours. But it's clear you don't by your second paragraph.
If we produced a much higher % of green energy we would be much less reliant on imports.

The man’s nuts and is going to make the American people much poorer

Is it really nonsense? Then perhaps you can enlighten me on exactly how this will benefit the USA?

And of course I don’t like him. But it’s got nothing to do with any media outlets.

So is protectionism good or bad? Seems you think it’s good when Trump doesn’t but a racket when the EU does it?

Anyone else see Sebastian Gorka on Newsnight? My god he’s a massive cunt.

Port Talbot has gone. Perhaps he could import talent and skills from the Welsh valleys.

He’s an utter clown.

I don't pretend to understand a lot about tariffs etc but I found this podcast really interesting:

https://pca.st/episode/4943cd08-e004-4265-8751-ea090db739e6

Might enlighten you about how Trump comes up with his figures Ablondiebutagoody

If Grandpa Jo and useless cackling Kamala Harris had done a better job with the border rather than worrying about trans madness, we wouldn’t be here.

Какой Джо это? Джо Мэлоун, Джо Моэм, Джо Кокс, Джо Черри, Джо Роулинг?

Если бы желания были лошадьми, я бы предположил, что ваш «дедушка Джо» — это Джо Сталин?

Thank you France is one of the most protectionist countries on earth.

Who will buy American cars yet the Ford Focus was one of the most popular cars on the UK for a while. American cars are shite yet you allow Chinese cars into the UK 😂

If your granny had wheels…..

Yes it will take time and that's his ultimate goal. Tarrifs are a start which will start making it more expensive for companies to manufacture outside the US to sell into the US, proposed tiered corporate tax rates with lower rates for portions or goods manufactured in the US, proposed tax rebates for buying cars manufactured in the US. The goal is to force companies to bring manufacturing back to the US and the second phase after NAFTA which encouraged companies to bring back to Canada and Mexico.

Looking at the recent announcements by companies saying they will invest in the UK it seems to be having the desired effect. Will it take time yes but rebuilding manufacturing in a country will always take time and lots of investment. Apple has committed to spending $500bn, Hyundai, Softbank etc have all made public commitments to invest in the US. Compare that to the economic news out of the UK where the priority is what benefits we cut and keep.

I don't like his approach but he is doing what he said he will do and he has been talking about this for ages, there a video online where he was probably 40 years old or so saying the exact same thing.

Canada dairy tarrifs has nothing to do with quality and everything to do with political support for the liberals. The dairy industry has a strange hold on the liberals and in turn they try to protect them for continued support.

He is right that the US needs to prioritize itself and focus on fiscal responsibility. The US spends way too much on debt now, $800 bn on interest annually, $2 trillion budget deficit, that's ridiculous and unsustainable and Washington needs major change from the spend like drunken sailors approach.

Err…..

I think it is understandable because currently, as you say, there's a massive double standard. EU tarrifs fine, Trump tarrifs bad.

@jewelcase yep! We now effectively are hit from both sides and overall British business does far more trade with EU both in and out than it does with US- however US obsessed some people are.

It will benefit the US by encouraging companies to bring production back. The main reason companies produce in China is cost, tarrifs reduce the differential and other policies like tiered corporate tax rates for companies that produce in the US, tax rebates for people buying made in US goods etc all add up

It's reciprocal so if you make your tarrifs 0, the US will make it 0, it's not that hard. Countries like the UK have pretty much given up on manufacturing, we've sold our crown jewel companies to foreign nations and the priority now is how do we cuts benefits to balance the budget.

I’m very on the fence when it comes to politics in general, but I have a feeling this could be the start of something drastically different to how the world has done business before and could actually be a good thing long term for the USA but also for the general world order. It challenges the status quo, rightly or wrongly.

@MidnightMeltdown If they could have ditched him, the presenter, that Lewis gobshite and the OTT politics bloke it would have been a bearable show. Quite liked the other two.....who couldn't get a word in.

Absolutely, the world order is always going to change at some point, there was never a scenario where things will remain the same forever.

Things will change, countries and companies will adapt to a new order and we will live on. Some countries will benefit some will be worse off

Globalization was a change in world order and some benefitted other didn't.

Time will tell.

A friend back in the 80s went to work for Nissan in Newcastle, previously at Leyland. He and othihad to go to Japan and be taught how things are done, work ethic, exercise breaks as well as all the usual stuff. He was fascinated invigorated by the whole thing. Then returned to Newcastle to pass on the ethos . The system resulted in happier staff and increased productivity. It was an inclusive model rather than a them and us one.

Americans will need to bend in the breeze, learn new ways of training.

Americans have no problem learning, the likes of Toyota already have plants in the US so they are expanding not starting a fresh.

And while Japan has don't well with have fallen behind in other areas when it comes to innovation, Toyota's lean production processes is great for quality and continuous improvement but bad for innovative change.

I don't know how old you are but when I was growing up Japanese companies were dominating globally, Sharp, Panasonic, Toshiba etc today they are all shadows and not that relevant globally anymore. They got bashed by the rise of South Korea with LG Samsung etc then knocked out by the rise of China.

JC it's like half the people on this thread have never heard of Smoot Hawley.