Brutal…but true.
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Apparently them not being permitted in the UK is potentially part of the tarrif convo.
I’m sure no member of Trump’s cabinet would be interested in pushing that line of negotiation!
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A bit off topic, but I’ve heard many complaints. Mostly about shoddy QA. Finding lots of loose panels and non-matching panels etc.
They would never pass our or European safety tests/requirements.
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It’s just stunning how many Americans don’t understand how their own oil industry works.
“We don’t need Canadian Oil we produce our own”, quote right it’s really high quality and you export it, you could keep it all but either you are gonna pay more for gas or the oil companies are going to make less profit.
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And the tarriffs thing lasted a few hours.
Until Canada and Mexico realised that resistance was futile.
Or until Trump noticed the Dow had opened down a 1000 points
Until the intended targets folded - see Mexico and Panama. The key with trump is to take him seriously but not literally
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He’s played a blinder with these tariffs, his ultimate goal was support to reduce the flow of drugs over the border.
Unfortunately the same won’t work with Russia for an Ukraine withdrawal.
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Does it also not reduce US dependency on other nations for goods? It makes the imports more expensive so cheaper to make at home increasing jobs & focusing money inwards?
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Normally would still end up being significantly more expensive, and will take multiple years to ramp up production to produce internally. Also there’s some things imported that just can’t be done internally, or not easily. So at the end of the day, it just ramps up inflation as everything gets more expensive did the consumer.
Also, let’s not forget that he’s not putting these tarrifs in place to do as you say and make things cheaper. He’s doing it as he thinks it punishes other countries.
He’s been given a hammer, and now everything is a nail.
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Too many areas / products where the USA can’t play catch up - oil, steel industry & vehicles are 3 good examples.
He’s been quite annoyed at how few American cars the Europeans buy, and how many European cars the Americans buy.
Which is probably because American cars aren’t very good?
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This isn’t new - USA hasn’t really had a super-large car manufacturing base for a long time, especially in Detroit. Why wouldn’t ‘Mericans buy cheaper, more reliable models that often give better fuel economy?
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Hardly. It’s bluff and bluster.
Mexico - already doing pretty much what’s agreed.
Canada - already agreed to most of that in December.
Panama - how much of the US Navy actually fits? The monetary savings to the US are chump change.
Yeah this is hillarious. JT called out DT and basically got the same deal as before. DT with tail between his legs much?
this!
he cannot be if he understands how the markets work
listen to an economist and they’ll tell you tariffs raise prices for everyone.
as an example
Canadian product is now 25% more expensive, and so promotes the “cheaper” USA based product…but they are now 25% more affordable versus the competition, sellers (be that manufacturers or retailers) see the opportunity and raise their prices, not necessarily to match the Canadian import tariff, but maybe by 5, 10, 15% - they are still seen to be “cheaper” than the imported alternative, but closes the gap between the market -
two products A and B are identical in quality, function and both cost $48 , but A is imported from Canada.
Product A is now sold at $60, Product B of similar quality and obvious competitive product is still sold at $48 sudden looks inferior and a “cheap” (lower price = lower quality) product.
prices of Product B therefore rise (to say $55) to close the gap to still appear the affordable choice, without looking “budget” and remaining in competition with product A
Suddenly a 25% import tariff on a Canadian product has caused a 15% increase in USA made product too. end result consumers pay more.
and this is before we consider supply and demand, as @JoeBloggs indicates, not all items can be made in the USA by the USA, and those that can, cannot suddenly ramp up production overnight (and go back far enough some raw materials will still be impacted by the tariffs). so while demand stays constant, the hope is the demand shifts to USA made products, which leads to supply shortfalls and further price increases as demand outstrips supply
And rose quickly to be 0.28% down on the day. A thousand points in the context of a level on average between 43,000 to 44,000 is actually not a lot.