RE: Up since Monday close, but what happens next?1 Apr 2025 14:16
Reciprocating tariffs do nothing to elevate 'everyday man's' financial burden. It does what inflation does, increase the cost of goods. tax revenue goes into already corrupt, mis-managed governments.
The reason Tangerine Toddler wants tariffs is that he just does not get it, that nearly every country in the world imposes import duty on products that land on their shores, the US and I believe Australia do not. Add local VAT to that mix suddenly a $100 item lands onto UK shores and receiver has to now pay $100+ import duty+VAT. The VAT is for private individuals, as most VAT registered companies can avoid that.
So, this will cause everything in the supply chain to increase, now, will workers get an increase in pay to offset that? Highly unlikely and as all companies are profit driven, they are unlikely to absorb said increase off their bottom line.
Yeah, Trump is an all out idiot, thinks the whole world is conspiring against the US (but who would blame them if they were to?). A Merc made in Germany sells for less in the US than on German soil, this is purely down to subsidies Mercedes makes when sending cars to the US, that goes for BMW, VW Toyota etc.
How do I know? 'cos the yanks always winge about paying too much for expensive cars yet when they quote the price, they get a barrage of people telling them how cheap they actually are in the US.
Example, a relative just bought an M3 Tourer in the US, and that exact car cost 15k€ more in Germany.