The USA: The Trump Years 2.0 (1 Viewer)

In any business you have to increase prices gradually to stop your company falling off a cliff, and surely the same would apply to tarrifs? The effect on trade is going to be enourmous and sudden. He's probably banking on this settling down eventually and is happy to put up with the initial fallout (he's made a career out of letting the bottom fall out of something in order to play the long game, even if it means millions of others suffering in the meantime) but I can't see it having any positive impact within his current term. A head of state doesn't tend to play the political long game unless they have a genuine desire to improve the country, or are planning to stay in power for a while. He really does think he'll be able to run in 28.
 
He’s not going to run in 28 because there’s not going to be an election in 28. That’s what all this national emergency stuff is about. He’ll announce that they can’t possibly have an election with an emergency going on so he’ll just have to stay in power until he’s fixed everything. And given that he won’t be able to fix anything because his policies are fucking stupid, he’ll just have to stay in power forever.
 
He's put 10% tariffs on the British Indian Ocean Territory. Which is entirely populated by American troops. I think his adviser has literally just copy pasted a list of countries (other than Russia) off the OEC website, which would explain why the Heard & McDonald Islands (population: 0) are on there.
 
Penelope said:
He's put 10% tariffs on the British Indian Ocean Territory. Which is entirely populated by American troops. I think his adviser has literally just copy pasted a list of countries (other than Russia) off the OEC website, which would explain why the Heard & McDonald Islands (population: 0) are on there.
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They're not sending their best penguins.
 
I thought those numbers looked WRONG! I can't believe he's just MAKING IT UP AS HE GOES ALONG!
 
ZenGiraffe said:
Surely, as a GOOD CAPITALIST, he should really be encouraging US products to be better if he wants other countries to buy them!
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Legit

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What an absolutely mental prick he really is. I wouldn't be surprised if China just have him killed now. The blatant omission of Russia would be funny in any other circumstances.
 
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Who the hell thought the Trump administration had "policy credibility"?
 
It just doesn't really make sense to be mechanical on price versus deficit. It's not a 1-for-1 relationship. Absolutely BAFFLING
 
I genuinely have no idea what the best response is? I get the basics around tariffs, but beyond that it's really a game of pre-empting Trump's temprement.
 
I don’t think there’s any benefit to the UK responding if 10% is the flat rate for all countries.
 
Absolutely scary times. If anyone outside the US thinks this doesn’t affect them, it does.

 
Let’s put the highest tariffs on the countries with the biggest trade deficits sounds like the sort of plan someone who just learnt what a trade deficit is would think of.
 
Like it seems like a good idea until you give it exactly half a second of thought.
 
I do look forward to all the clothing factories getting moved to the US and then his supporters finding out that they will now be expected to accept Vietnamese wages.
 
I have an ultra limited understanding of economics, really until it's all over the news. This is obviously illogical on many levels.

Will Americans really buy more AMERICAN CARS AND WINE as a result of this?
 
dmlaw said:
I do look forward to all the clothing factories getting moved to the US and then his supporters finding out that they will now be expected to accept Vietnamese wages.
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Well this is it. Surely cheap clothes and electronic goods will cost more to produce, if moved to America to avoid tariffs?
 
Look, I don't understand the economy, or budgets, or in fact why I'm always in my overdraft, but can we benefit from this by importing EU products to the UK and sending them straight through to the United States? Like how we still buy Russian oil via Turkey and India. OPEN THE FREE PORTS!

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AGinAg (38) said:
Well this is it. Surely cheap clothes and electronic goods will cost more to produce, if moved to America to avoid tariffs?
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Clothes are going to get very expensive over there and it’s not possible to just make them in the US instead. They don’t have cheap enough labour to compete with China/Vietnam/Bangledesh, and don’t have the skills/infrastructure to compete with stuff produced in Europe.

Even if they do try and make them over there, the textiles will still be coming from India/China/Italy predominately.

It’d take decades to make any meaningful change to the already existing global supply chain.
 
GNL said:
Look, I don't understand the economy, or budgets, or in fact why I'm always in my overdraft, but can we benefit from this by importing EU products to the UK and sending them straight through to the United States? Like how we still buy Russian oil via Turkey and India. OPEN THE FREE PORTS!

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The tariffs will be charged on the country of origin of the goods not where they’re shipped from.
 
AGinAg (38) said:
Well this is it. Surely cheap clothes and electronic goods will cost more to produce, if moved to America to avoid tariffs?
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Bingo. And the things imported from richer countries like Germany cars or French wine are considered to be premium products which are meant to cost more than their American equivalents, so there’s no reason why they won’t just increase the prices for the American consumers. But, then, the people are buying fruity European products and who might actually notice the price increase aren’t really Trump’s people anyway.
 
Yeah, the only way for goods to remain at the same cheap prices Americans are used to, and still retain decent wages, is if the domestic supply became colossal. Even if that's possible, it would take decades to build such a market.
 
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