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Tariffs never a good thing. UK av tariff 3.6%

You need to be hoping and the pray that Trump not include the service sector.. Where Uk does a lot of business.

Bloom.

Respect but you need to skip forward three years.

You mean apart from the 56 agriculture companies with annual revenues above US$500 million, of which 14 companies have turnovers in excess of US$1 billion..

Not forget also that big players such as Cargill. ADM and Bayer are oiling the gears..

Supply costs big issue but Releaf are on the case..

Next time you in the shop look say a staple such as the tomato isle. Where most come from?

Bloom

Trump is going back 200 years to the days of high import tariffs to fund USA enormous deficit.

Antebellum Trade Policy.... As it was known..

Remember what Kissinger he say..

“It may be dangerous to be America's enemy, but to be America's friend is fatal.”

Bloom

" Take the destruction of African agriculture by the EU"..

Bros EU is Africa's largest export market .....

Most African countries have duty-free and quota-free access to the EU

markets

African exports to the EU are regulated by five trade agreements:

1) Economic Partnership Agreements (EPAs): 12 SSA countries

2) Everything-But-Arms (EBA): 32 LDCs

3) Trade Agreements with North Africa: 4 North African countries

4) Generalised Scheme of Preferences Plus (GSP+): 1 country

5) Generalised Scheme of Preferences (GSP): 2 countries

Look at your supermarket shelves... Morrocco, Kenya , South Africa etc is all there..

Triumph

Respect.

Trump should remember the old adage.

"act in haste repent at leisure"

No point aligning ourself with someone so untrustworthy. Quite clear he has no qualms about stabbing his so called allies in the back.

Trumps policy is not just protectionism it is expansionism which should concern us all.

Lok

Not making the world any safer that for sure. He like a blind man in a room full of people swinging a baseball bat..

Starmer is now stuck between the USA and the EU... He got to decide.. Unless we join BRICS..🤣🤣🤣

Still interested over the gold shipments. My friend now buy in sovereigns at £520 min

people say it Trump tariffs but I'm not sure this been going on for a while as HSBC and JP Morgan ( I think) have been relocating stocks back to NY... Causing headache for BoE as they now looking down the sofa for some.. I know Comex rates etc but more to this?

Eureka

= the rate cut Thursday by 25 bps

Trump putting his foot on the gas with tariffs even Mr Mark Carney he woken up. Not going to end well..

As we guess..

"The European Central Bank has cut its key interest rate by 0.25 percentage points to 2.75% in an effort to stimulate growth in the struggling eurozone economy"....

Seem a bit cautious..

Maybe they not know is no good after the wheel fell off inflating the tyre....

We see what the ECB do today. (Thursday at 13:15 GMT ) Report says just the 25bps cut.. So that probably be the case..

Inflation still in the game. Trump could make this a whole lot worse.

Bit more of the story on the gold exodus..

https://www.msn.com/en-gb/money/other/london-gold-market-queues-up-to-borrow-central-bank-gold-after-big-shipments-to-us-sources-say/ar-AA1y4A2j

Morning bros.

Ummh, Was an interesting thing Mr Powell he keep the rates on hold. Not please Mr Trump with that one..

BoE vaulted gold been held up with the transfers. Up to 8 weeks is being reported. Wealthy New Yorkers wanting to repatriate before Trump has another "bright idea"...

FT report this as "

Antony.

HFD..

Is good business model that one apart from the bikes. They sell a lot of tyres having taken over National tyres etc. My local shop always busy as no one can change a light bulb anymore ..🤣🤣🤣

Once they had a stalking horse Van rental outfit Redde Northgate , but that in the rear view mirror now.

Forgot to say. Who call the GOOD energy stock. Was a good call that one. Was around 15th Nov 2024..

Darth

Is a concern that is for sure.

I was looking at China 2025 tech exhibition.. Is by far largest in the world. Millions of new products. Clips are on youtube..

Trump may huff and puff about tariffs. Like the king Canute trying to hold back the tides but Chinas tech waves are lapping at the US shoreline.. They are becoming an unstoppable force. Meanwhile back in the EU VW going to be fined circa $1.5 billions over emissions. UVL certainly trying to kill off the German golden goose...

Skier1

Morning bros..

Indeed an open source chip at a fraction of the cost of the US equivalent is a huge problem for some who are investing billions in this tech.. Ai is the 4th industrial revolution after all ...

It would be akin in the motor industry to say BYD making a car for $1,000..

Darth

We see if this is the pin that burst the tech bubble. If Nothing else with this one it could start a slow deflation.

In meanwhile the trade war is shifting through the gears. China may block Ethane imports all together on the back of its 75% tariff on US produced Polyacetal copolymers which started on 24Th Jan.

Bloom

For sure a lot of things connected here and Geopolitics moving to the front of the list as a driver of economic confidence.

Reeves got a problem with the Car finance.

As I see this.

One hand. As with PPI scandal billions new money to flow into economy. People also more likely to spend new money.

Other hand send the bad vibes to the banks and may disrupt the whole of the car finance in the first instance, which will lose billions in tax revenue let alone job losses in an already troubled sector.

so what she do?

Bloom

Not forget US banks much lower taxes.. Uk banks amongst highest.

Trump tariffs still a big cloud. Historically USA got a lot of money from tariffs. Was around 10% at one time now down at 2%. Uk av 3.6% around same as China. But with tariffs back up circa 10% as has been the muted.. Boom inflation genie back out the bottle.

Bloom

Respect.

Our own energy... Was Thatchers big promise but then we had a rude awakening woke up. Poor energy planning from the Govt. Too busy selling it all off.

Nuclear dream become the nightmare costs going through the roof, so onto the next plan.. Germany thinking it all bases covered then Russia invade Ukraine and the US sees an opportunity.

So as much as I like you idea what we has to decide is who we get into bed with.

If Turkey gets its hand on the gas lever and is a full member of the EU . This give a lot of leverage over the Uk.

Must remember Norway gas fields on borrowed time...

The bottom line is for sure we need cheap reliable energy to power our economy. Without it Uk going from Great Britain to little America or worse.

Of course other way to look at this one is that we are overpopulated for our resources.

Gate

Morning Bros.

Respect

For sure this is true but lets just adjust the scope a bit and zoom out. Europe also is in freefall and as much as we are an island economically we are not. Soaring energy costs being a key driver.

Can this change.... As I see this.

With Russia being sent to the sidelines another player is set to gain. With Assad gone the Qatar and Turkey will be looking at starting the gas pipeline which has been on the drawing board since 2009. This will then feed into Europe via the Nabucco pipeline and in doing soo finally get Turkey as a fully signed up member of the EU...

TFE

You are a wise man that is for sure .

As my dad he say all problems can also be opportunities. Rate down market up. Trump in Cryto up..

Even the big disaster like the Covid. Who not make a packet on the rebound?

So no matter how bad the Chancellor .... As you say.. Swings and roundabouts.... Just make sure you on the right one.

TFE

At least some prospered but for many . If this the same Mr George Osbourne they will remember..

The austerity chancellor. The hot pasty tax chancellor. The 2012 Omnishambles budget chancellor. The EU loving Chancellor. The benefit cut chancellor.

Another who seem to be thinking you can cut and tax a nation to prosperity.

TFE

Benefit apart from pension need to be slashed. We should all be pleased this on the table.. Too many who could work choosing the tax payer funded life style. Work good for mental health is a prove fact that one.