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Topic History of: "Nobody wins from a trade war".
Max. showing the last 5 posts - (Last post first)
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hedda |
Downing Street Cat wrote:
Starmer is kow towing, bending at both knees, terrified, hoped that an invite with the King would spare the UK. A strong PM would waste no time in getting back in the Eu whilst distancing himself from Trump. The USA is no longer the steadfast friend we need or want. Starmer dithers yet more, terrified of anyone without crutches.
Trump has thrown a hand grenade in the world order and his endless row of sycophants and MAGA fans really think a 6 times bankrupt is an economic wizard.
As for a State visit, how on earth can King Charles host a man who threatens to take over Canada by force if necessary which he still King of?
Such an embarrassing pathetic kowtowing look. |
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Green Man |
I wonder if it will encourage more to buy American instead of imports. The UK has no industry, a few random things the UK makes is Fisherman Friend's mints, drugs and clothes made from dodgy sweatshops in the Midlands.
And plane wings which are no doubt just assembled in the UK but all materials shipped from China. |
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hedda |
What makes you think tariffs are just imposed on "basics"?
Trump's proposed tariffs are to be imposed on every import into the USA at varying rates from Mexican avocados and Mexican paper supplied toilet paper to clothing from India and Iphones from China to computers from South Korea, energy and steel from Canada and so on.
Of course that means all Americans will be paying higher prices as importers pass on new taxes/ tariffs to the customer.
And how is the US going to re-establish the industries they lost to Asia and elsewhere over the decades?
Are private corporations going to invest $Billions over the years needed to re-establish factories that cannot produce an Iphone cheaper than India? |
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Downing Street Cat |
Starmer is kow towing, bending at both knees, terrified, hoped that an invite with the King would spare the UK. A strong PM would waste no time in getting back in the Eu whilst distancing himself from Trump. The USA is no longer the steadfast friend we need or want. Starmer dithers yet more, terrified of anyone without crutches. |
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JK2006 |
So says Starmer. And this is accepted, conventional wisdom. But is it true? Don't countries benefit from exporting more and importing less? Surely every country can make the basics of life cheaper than importing them? I don't understand global economics but would have thought that having no or low tariffs on vital imports (drugs and medicine; certain food stuffs; cheaply made goods) but high ones on products a country can and should make for itself? |
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