[Politics] Donald Trump, US President

[Cordwainer]

As with the US car industry, presumably there are loads of modern, efficient and cost effective steel mills all over the states that are currently mothballed and just waiting to jump into production to make American steel again??

 

[Greg Bobkin]

He's f***ed this up, hasn't he.

It's all going pretty much as a lot of people (including me) expected. And people much cleverer than me predicted it, only to be told they were radical left lunatics, woke or unpatriotic, or some other nonsense.

 

[GoldstoneVintage]

 

[Thunder Bolt]

He's f***ed this up, hasn't he.

Did anyone (apart from the obvious ones) expect anything else from a man who has been bankrupt 6 (SIX) times, including a casino?

 

[superseagull1994]

View attachment 198222

God it really is a case of everything I don't like is communism for the Americans, they're transitioning to Mussolini's Italy rather than Stalin's Russia.

 

[Deportivo Seagull]

And now I'll never get an answer to my question

Be strong.

 

[dadams2k11]

Is it true that he is focused on the taffifs, as it is the only thing that don't need to go through Congress?

Is he paln to make these International companies with raised import taxes, open factory's is USA to get more tax from them?

 

[trueblue]

Trump has warned there will be bad economic consequences in the US from the tariffs he's applying
(OK, he probably also said there will be none, but...).

Tariffs are taxes. He puts a 20% tariff in an imported item, and the exporter raises prices to cover costs, and the American taxpayer pays the difference.
So Trump is increasing the US tax burden, while making imported goods more expensive.

The only way he can punish foringers with tariffs is if Americans stop buying the imports.
Sounds like a genius plan.

Perhaps we could help out the UK wine and cheese industries but putting tariffs on imported wine and cheese.
We can then enjoy some lovely Hampshire red while eating a Cheese String and feeling super patriotic. MEGA!

It's not just foreign products either. Any US product that utilises foreign components becomes more expensive to manufacture and that price increase is likely to be passed on to US consumers.

Plus past experience has apparently shown that US producers unaffected by the tariffs realise they're suddenly selling very cheap compared to the rest of the market. Obvious outcome - they smash their prices up towards the new market level and pocket the big increase in profit.

It's amazing that a genius like Trump doesn't know any of this...

 

[Deportivo Seagull]

Trump has warned there will be bad economic consequences in the US from the tariffs he's applying
(OK, he probably also said there will be none, but...).

Tariffs are taxes. He puts a 20% tariff in an imported item, and the exporter raises prices to cover costs, and the American taxpayer pays the difference.
So Trump is increasing the US tax burden, while making imported goods more expensive.

The only way he can punish foringers with tariffs is if Americans stop buying the imports.
Sounds like a genius plan.

Perhaps we could help out the UK wine and cheese industries but putting tariffs on imported wine and cheese.
We can then enjoy some lovely Hampshire red while eating a Cheese String and feeling super patriotic. MEGA!

Tariffs only really work if you have multiple routes of supply or a home grown Solution. What you really don’t want to do is hit your two major suppliers with tariffs, when you don’t have an alternative supply chain. I mean no one is that stupid are they? ….. checks notes ….. apparently someone is that stupid.

 

[Deportivo Seagull]

As with the US car industry, presumably there are loads of modern, efficient and cost effective steel mills all over the states that are currently mothballed and just waiting to jump into production to make American steel again??

The is car industry is politically influential, it is also unionised, it’s not overly modi used compared to european and Asian car suppliers. It’s in for a shit storm of a time as they won’t compete with imports. I suspect the next tactics would be to put tariffs on car imports and drive American to by high priced prices of shit. It won’t go down well.

Out of interest apart for the tax breaks for the obscenely rich is anyone actually seeing any benefits In the US?

 

[SouthSaxon]

Those countries being hit can also avoid the tariffs by supplying through a third country.

 

[Weststander]

Won't it be ironic if the assorted goons of the KKK, Proud Boys and other climate change deniers now rush to buy Tesla's.

 

[raymondo]

The is car industry is politically influential, it is also unionised, it’s not overly modi used compared to european and Asian car suppliers. It’s in for a shit storm of a time as they won’t compete with imports. I suspect the next tactics would be to put tariffs on car imports and drive American to by high priced prices of shit. It won’t go down well.

Out of interest apart for the tax breaks for the obscenely rich is anyone actually seeing any benefits In the US?

I think one benefit is that some citizens are coming out of their coma... slowly

 

[raymondo]

Won't it be ironic if the assorted goons of the KKK, Proud Boys and assorted other climate change deniers now rush to buy Tesla's.

That would be too funny. #saveElon'sbankaccount.

 

[Cordwainer]

Won't it be ironic if the assorted goons of the KKK, Proud Boys and assorted other climate change deniers now rush to buy Tesla's.

Losers in cruisers.

 

[raymondo]

Lovely reply to Musk's 'traitor' insult by Senator Mark Kelly. At about 13.00, whole thing worth listening too as usual.
Keep picking on the wrong guys, Elon

 

[Simster]

Been to the states many times..have never been to Canada..think it’s time to put that right!!

Correct. Canada is much better than the US.

 

[raymondo]

Been to the states many times..have never been to Canada..think it’s time to put that right!!

I too have been there many time - there will have to be major changes before I consider going again.

 

[Simster]

I am pissed off that Starmer is being gutless in response to Trump giving us tariffs of 25% despite our trade balance with them being broadly even.

He's all "we won't reciprocate yet", while all the other trading blocks like the EU and China are meeting this Trump nonsense robustly.

If only we were part of a trading blocks to protect our interests.

 

[SouthSaxon]

I have never been to the US. I knew it all along and I now claim the moral high ground in the smuggest way possible