Nothing posted for a few days so here goes: We now know the shape of things to come better. The man in the White House had to back down on punitive tariffs for all except China because of the impact on the US bond market.
Before you switch off, this isn't hard to understand. Selling bonds is what governments do to pay for their expenses. If people (usually very big operators like pension funds) don't buy them or won't pay much for them then that government cannot fund its expenses - like defence or social security.
What happened in the markets forced Trump to back down because the US Government needs money to function. His cronies say it was all part of the plan but few believe that.
That said, the remaining US tariffs affect every country that sells goods to the US which includes Britain, quite badly. Estimates vary but most agree that it will shrink our earnings as a country by half to one percent. That is BILLIONS of pounds of our money.
If we don't like this we ordinary people can do something: DON'T buy McDonalds, KFC, Coca Cola or Tesla - even if you get a used one cheaply, you will still be buying Tesla parts when it's serviced or repaired. And DO buy British or European made things. It won't cost more and MAY COST LESS.
You can save money and quietly undermine America because it has gone nuts and is hurting everyone.
PS Our Government can't say this because it may anger Trump and may make him worse. It is down to people power.