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Is that the kiss of death for M&G 🤣

Old news again, article published in February at Lloyds Final Results.

STP

"LTI was a toilet cleaner in some city firms. "

That sounds familiar, BLB must be one of your many aliases.

"Re-shipping to swerve tariffs is one of the biggest industries in the entire world."

So skier who on one hand has argued agreeing with US raising tariffs, also endorses countries that are affected using loopholes to avoid the tariffs.

Meanwhile with no tariffs imposed on Russia Putin is ROFLHFAO! He's got Trump eating out of the palm of his hand.

After 32 trading days, buyback complete to date:

Total shares to date.....................................................459,587,751

Aggregate cost to date...............................................£315,991,516.24

Average price paid to date..........................................68.7554p

Percentage of £1.7 billion buyback completed.........18.59%

Skier, stop manipulating the data. The EU charge 0.8% more tariff than what the US charge the EU. That expressed as a percentage is 36%. They do not charge the US 36%. What the US should do is increase their tariff on the EU from 2.2% to 3% to match the EU. Increasing their charge on the EU from 2.2% to 20% is a hike of 809%.

Skier, you really are a cunning little manipulator of data....."That matches almost exactly the +39% higher ratio that Trump showed on his ticker board. It looks, once again, like Trump is right."

The EU weighted average on US is 3% and US weighted average on EU is 2.2%. So as a percentage the EU charges 36% more than what the US charges. But they do not charge the US 36%! The US s now going to charge the EU 20% versus the 3% the EU currently charge the US! Trump and Musk et al are crooks manipulating the figures in this way!!

Skier....."Interesting to see that MSN article -- it estimates EU weighted tariffs are a staggering +36% higher than US weighted tariffs."

It doe's not say that anywhere in the article! It says

"Until recently, many countries have historically charged slightly more on average than the U.S. does. The European Union, for instance, charged a weighted average tariff of 3% versus a U.S. level of 2.2%, according to WTO data from 2024."

Trump Says Tariffs Are Reciprocal. They Aren’t.

Donald Trump has repeatedly said that his move to impose wide-ranging tariffs is based on the simple concept of reciprocity: The U.S. should put the same conditions on imports from other countries that they impose on our goods through tariffs and other trade barriers.

But the tariff scheme he announced isn’t reciprocal and isn’t based on measuring foreign trade barriers. Instead, it simply measures bilateral trade deficits and comes up with tariff numbers from there.

Those are two very different things, and could be one reason why global financial markets are reacting so badly.

The upshot is that, in the majority of cases, the Trump administration is now charging other countries more than what they charge the U.S.

Take the case of Vietnam. The U.S. will now charge Vietnam a 46% tariff for its exports to the U.S. But Vietnam’s simple average tariff is 9.4%, and its weighted average tariff—which is adjusted to account for the share of products coming in under different tariff rates—is just 5.1%, according to data from the World Trade Organization.

Taiwan charges most imports just a 2% duty, according to calculations by Evercore, a global advisory firm. But the U.S. will now charge it 32%.

Full article at following link

https://www.msn.com/en-us/money/markets/trump-says-tariffs-are-reciprocal-they-aren-t/ar-AA1CqXmB?

"I do recall ppl giving me pelters on here for suggesting selling at 70p. "

Do you recall saying Lloyds were uninvestable when the SP was 53p?

Warren Buffet......."be greedy when others are fearful"

Not sure if we have reached that point yet? We still have x-div on Thursday.

Https://x.com/JamesSurowiecki/status/1907559189234196942

The article at the link in my last post goes on to say the sage of Omaha, Warren Buffet, refuted Trumps claim that Buffet agrees with Trumps actions, saying "Buffett’s most recent comments on Trump came in a CBS News interview out last month in which he slammed tariffs, calling them an “an act of war” and a “tax on goods” paid by consumers."

The U.S. stock market is in a freefall after President Donald Trump announced his all encompassing tariffs earlier this week, and Trump is trying to crash the stock market on purpose—at least according to a video he reposted to social media Friday riddled with inaccuracies.

Trump reposted a link on his Truth Social platform Friday morning to the minute-long video which opened: “Trump is crashing the stock market…this month, but he’s doing it on purpose.”

The short video, which promotes several falsehoods or misinformed claims, offers insight into Trump’s thinking behind his new tariffs widely panned among economists and across Wall Street, leading a downright bloodbath in the market, as the S&P 500 index cratered 4.8% Thursday, the worst drop in nearly five years, followed by an even more painful 6% loss Friday.

Link to the full article, very good reading.

https://www.forbes.com/sites/dereksaul/2025/04/04/trump-shares-claim-hes-crashing-stock-market-on-purpose-as-he-lobbies-for-emergency-rate-cuts/

After 31 trading days, buyback complete to date:

Total shares to date....................................................397,542,198

Aggregate cost to date..............................................£276,075,812.68

Average price paid to date.........................................69.4457p

Percentage of £1.7 billion buyback completed........16.24%

Markets plummet after China has retaliated and announced an increase of 34% tariffs on all US imports starting on 10th April.

https://edition.cnn.com/2025/04/04/business/china-us-tariffs-retaliation-hnk-intl/index.html

SP will fall 2.11p with x-div next Thursday.

After 30 trading days, buyback complete to date:

Total shares to date...................................................342,685,957

Aggregate cost to date..............................................£240,100,376.70

Average price paid to date.........................................70.0643p

Percentage of £1.7 billion buyback completed........14.12%

A1, unfortunately it is not your interpretation that will be the deciding factor.