Surely not patriotic US companies employing illegal immigrant, well what ever next. Will the ones that stay be legal US citizens or still illegals living in fear? Even if a factory has been closed for three months and reopens making the same product it will take time to set up supply chains and reestablish supply networks. Then there is consumer confidence will this US made good perform or wear as well as the imported one?
No they really aren't, they are confabulation of VAT in the EU and UK is a tax not a tariff and is paid by UK/EU consumers on non exempt goods regardless of origin. Similar to US sales taxes that magically appeared at the checkout and were not stated on the item being purchased. See here or maybe here BBC Radio 4 - More or Less, The mistake in Trump’s tariff formula
The tariffs are not like fo rlike @redstar. The UA had zero tariff free trade agreements with several countries and he has trashed them all. Adding tariffs where none existed on either side is not "like for like" but arbitrary in nature and a gratuitous insult to trading allies. And let's please not forget the 10% he has inflicted on an island full of penguins. That's a prime example of his lack of understanding, empathy and intelligence.
I understand that the penguin island was mentioned because somebody thought that sneaky countries with high tariffs might sell things to the penguins who might then sell them on, tariff-free. I kid you not.
@redstar But why bother with this " do I or don't I increasie tariffs" and cause havoc on global markets which also affect many of my own citizens? You are obviously happy with your goverment's proposals and actions - fair enough as you live there and see life day to day as it affects you. I must admit I can't recall what Mr. T's "thing" was in his previous term other than The Wall/ Immigration and, finally , his claim about losing unfairly to the Democrats. Did he actually make any attempt to reduce imports and encourage the US to start producing more of their own goods ? Apart from basically disagreeing with his politics, I think many people are put off by his more outrageous behaviour simply in order to publicise himself. Probably like here in the UK, there hasn't been a realistic candidate in opposition to vote for.
I am not an Economist nor am I a wizz in the financial world, so whatever the negotiation plan is, its OK with me. The democrats have done so much worse. Bringing in millions of criminals in to USA. Wasteful money spending on stupid stuff. I have no issue with his personality, the CEO;s I have worked with are like that.
@redstar I totally agree with the sentiment expressed and the idea, in principle. The UK seems to have been at the forefront of getting rid of industry and relying on other countries for almost everything. However the practicality of bringing manufacturing back to US, or UK, shores is a very different matter. I was reading this today which gives and indication of the size of the issue. "Trump and his advisors have said the aim of its tariffs are to encourage more US manufacturing. However, the tech industry relies on a global network of suppliers for product components and assembly. This, and finding skilled workers to match the fast pace and low cost of production in Asia, means relocating supply chains is no simple feat. Apple committed a $500bn (£385bn) investment in the US in February - which the Trump administration believes will result in more homegrown manufacturing. But Wedbush Securities analyst Dan Ives said shifting parts of its supply chain from cheaper manufacturing hubs in Asia to the US will take a lot of time, and money. "The reality is it would take 3 years and $30 billion dollars in our estimation to move even 10% of its supply chain from Asia to the US with major disruption in the process,""
Bringing in millions of criminals in to USA. Hee heee… Trump, son of immigrants, convicted felon. Pots and kettles, pots and kettles.
He has put of some final decisions for 90 days I understand. We shall see. Anyway, back to USA education standards. For years, 20 or so, I have said when the topic comes up that America just wants to Dumb down its citizens. So nothing new to me about those standards. In my area, we have Amish, the Amish children can out math the non-Amish children in a heart beat. Amish children have their own schools. There is a rise in home schooling here in USA for the last 10 years, maybe more.
Commerce Secretary Howard Lutnick was also asked about the tariffs on the islands on Sunday. He argued the Trump administration couldn't leave any country off of their list of fees, in case other nations try to ship through the area to avoid tariffs.
Both Islands are in the Antarctic with McDonald Island less than a half sq mile and Heard Island is a reasonable size but a volcanic mountainous island and covered in glaciers. It takes a couple of weeks for boats to even get there from Australia and then would have to travel all the way to America - think it's about 2,500 miles from the nearest point. Even supposing it would avoid tariffs it would be totally uneconomic. So not the least possibility of trade going through them. At least it gave the Australians and most of the southern hemisphere a good laugh.
