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JK was right in one sense that Trump tossed a high figure in the air & then settled for a low one with the UK although details are pretty sketchy.
I reckon it would have been far better to not blow up the world trade order and insult countries that have stood by the USA through thick and thin.
At least US Bentley & Range Rover fans can breathe a sigh of relief. I read one Rolls Royce dealer said 2 customers actually cancelled their orders thinking they'd have to pay a premium tariff.
# Biden of course had a 100% tariff on imported electric cars which mainly benefited Elon Musk's Teslas.
Speaking of Musk, Trump is pressuring countries around the world to link up to Musk's Starlink. That $250M donation to Trump's campaign has really paid off.
The real problem though is China with the supply chain basically drying up and predicted US dockworkers, truckers etc to be laid off by the 10s of 1000s within a fortnight.
I read one report..from a MAGA supporter.. that his garage quoted almost 3 times the usual price to install new brake pads on his MAGA truck as the US has to import about 60% of a car's components even for US manufactured vehicles. And supplies are running out.
The US is to meet with China in the coming days in Switzerland over tariffs and trade and now China has said the US is basically gate crashing that meeting.
At least Starmer has had a win but I reckon it will all go pie eyed in the end as Trump just cannot be trusted.
Jolly decent of him though to always warn his supporters to buy stocks and shares the day before he makes these announcements which send the Stock Market up again.