RE: Haters will hate....11 Apr 2025 22:23
Anybody unable to see my blog in Jan this year, I said this:
TARIFFS
Trump plays the "Big Business Boy" with the threat of these potential tariffs as he feels the US has the only say on matters, and it will benefit the US financially.
So:
25% tariffs on goods from Canada and Mexico, an additional 10% levy on Chinese imports (could be around 60% tariffs) looks like Trump is taking strong action to get his 'level playing field' but has he not thought about the factor of economic transition? Can China simply sell to the EU, UK, Japan and other countries with a lesser tariff to the US to then sell on to the US?
In 2022 China was the top supplier to the US with 16.5% of gross imports (around $540m), Mexico was second by the way (you know that wall he wants to build?) 😂
I think we know what Trump and his followers want
US for the US (America First)
Great slogan Mr Trump but you have no idea of economics.
Trump feels the US exports balance this out, but they are second to China in terms of exports (monetary value) - so someone do the maths for me? You put a 60% tariff on China imports to the US whilst your top three countries for export are Canada, Mexico and.... yes, you guessed it... China!
If the UK had a stronger government, and one of more economic understanding, we'd simply say "Yes Mr Trump, you put your 60% tariff on China and let us store the stock for you".
UK then buy the US requirement from China at current 5% tariff and export said goods to the US?
This sounds silly, I know, but totally economically viable and valuable to the UK - we could just be a big storage unit for intermediary exports.
Is that suggestion more ridiculous that the silly tariffs being bantered around by Trump?