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Political Thread in memory of David Reid. (R.I.P.)

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  • Originally posted by outwoodclaret View Post
    Trump and tariffs, Trump and tariffs, Go together like horse**** and sheriffs. Imposing tariffs is of course not a new idea by any means even by those who supported free trade. Two hundred years ago George Canning Foreign Secretary sent the following message to the English Ambassador in The Hague. “In matters of commerce the fault of the Dutch Is offering too little and asking too much. The French are with equal advantage content, So we clap on Dutch bottoms just twenty per cent”. Canning was not hellbent on starting a global trade war. Trump is and he and his mega-rich cronies will not be the ones to suffer by it. Everyone else will. Frankly Trump needs Canning.
    With mates like Trump who needs enemies?

    Economic officials in Israel are in complete shock over the Trump administration's decision to impose a 17% tariff on Israel. "We are in shock. We were sure that the decision to completely cancel tariffs on imports from the U.S. would prevent this move. But it didn't happen."

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    • What does Starmer's silence say about him?

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      • Originally posted by The Bedlington Terrier View Post
        And forget the 2.5 million people whose ancestors lived in Palestine 2000 years ago eh mon ami? I wonder how Trump will rub the Eskimos noses in the brown stuff. For Trump and Netanyahu read Hitler & Stalin.
        Be fair, they aren't being forgotten, they will be offered nice houses in other lands, somewhere peaceful and safe, or they can get a job in the beach bars, hotels and casinos that will proliferate in Gaza when Trump has rebuilt it. Win--Win for them really.

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        • Originally posted by The Bedlington Terrier View Post
          And forget the 2.5 million people whose ancestors lived in Palestine 2000 years ago eh mon ami? I wonder how Trump will rub the Eskimos noses in the brown stuff. For Trump and Netanyahu read Hitler & Stalin.
          Never mind the Eskimos. Feathers McGraw and those other nefarious penguins who have been robbing America blind have finally got their comeuppance.

          The President has also imposed tariffs on dozens of tiny territories - some of which don't even have human inhabitants.

          One of those was the Heard and McDonald Islands, an external territory of Australia in the Antarctic that is inhabited only by penguins and seals.

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          • Originally posted by outwoodclaret View Post
            Never mind the Eskimos. Feathers McGraw and those other nefarious penguins who have been robbing America blind have finally got their comeuppance.

            The President has also imposed tariffs on dozens of tiny territories - some of which don't even have human inhabitants.

            One of those was the Heard and McDonald Islands, an external territory of Australia in the Antarctic that is inhabited only by penguins and seals.
            The Sun Bed King is wrecking the US economy, alienating long time US allies and generally causing chaos. The Empire will strike back.

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            • Originally posted by The Bedlington Terrier View Post
              The Sun Bed King is wrecking the US economy, alienating long time US allies and generally causing chaos. The Empire will strike back.
              He has declared 6 bankruptcies of his own. Obviously he didn’t lose out on those. Just his creditors and all those he conned. If he bankrupts other economies well he won’t be paying for those either. I make no bones about being on the right in politics but Trump is just odious. Tariffs for all (penguins included) but nothing for his dear friend Putin. You won’t object when I take over Greenland then Vladimir.

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              • It is going unbelievably great so far says moron as he jumps from top of skyscraper building.

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                • In this country we, allegedly, believe in 'free trade', unlike the orange buffoon on the other side of the pond. Our 'free trade' regime imposes an import duty of 10% on cars imported from the USA, we then charge 20% VAT on top of that to add to the sale price.

                  Forget the 20% VAT for the moment, but could some of the free trade economists on here, who are so dismissive of the Trump tariffs, please explain the difference between a 10% import duty, which we charge, and a 10% tariff which the US now charges ?

                  Thanking you in advance.

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                  • Originally posted by sinkov View Post
                    In this country we, allegedly, believe in 'free trade', unlike the orange buffoon on the other side of the pond. Our 'free trade' regime imposes an import duty of 10% on cars imported from the USA, we then charge 20% VAT on top of that to add to the sale price.

                    Forget the 20% VAT for the moment, but could some of the free trade economists on here, who are so dismissive of the Trump tariffs, please explain the difference between a 10% import duty, which we charge, and a 10% tariff which the US now charges ?

                    Thanking you in advance.
                    UK imports of cars were not tariff free in the US 4 weeks ago. I need to check out the old tariff but I think it was 10%. Quid pro quo and all that.

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                    • You and Adam Smith talk some right old proper $hite mon ami.

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                      • Originally posted by The Bedlington Terrier View Post
                        You and Adam Smith talk some right old proper $hite mon ami.
                        Would you like to answer the question now mon ami, what is the difference between an import duty and a tariff ? In your own time of course.

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                        • Originally posted by The Bedlington Terrier View Post
                          UK imports of cars were not tariff free in the US 4 weeks ago. I need to check out the old tariff but I think it was 10%. Quid pro quo and all that.
                          I think you'll find it was 2.5% mon ami, compared to 10% for US cars imported into UK, then we add 20% VAT on top. How the feck we've got away with robbing the Yanks like this for years is beyond me, but we aren't getting away with it any longer.

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                          • Originally posted by sinkov View Post
                            Would you like to answer the question now mon ami, what is the difference between an import duty and a tariff ? In your own time of course.
                            They are the same though import duties tend to relate to specific items, tariffs are just across the board. Also tariffs is an anagram of "if farts" but import duty isn't.

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                            • Originally posted by sinkov View Post
                              Would you like to answer the question now mon ami, what is the difference between an import duty and a tariff ? In your own time of course.
                              I was at a funeral yesterday, so I did not get the chance to respond to your question. In simple lay terms I think tariffs are imposed on goods imported or exported by the manufactures of a country to an international country. It’s a tool used by a tool to stymie competition on home produced goods. Trouble is a game of tit for tat usually develops and only the consumer and supplier get hit directly. That’s folks like thee and me mon ami.

                              Duty is yet another tax the government imposes on goods imported into the domestic country. This duty is popularly known as import duty. Duty is also imposed on the goods manufactured within the country. I have to pay it when I bring in an over the limit amount of Asbach from either Germany or Spain. $hit innit?

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                              • Originally posted by outwoodclaret View Post
                                It is going unbelievably great so far says moron as he jumps from top of skyscraper building.
                                Splat! But a global game of swings and roundabouts is about to begin Sir Outwood.

                                ‘Baseline’ 10% import levy takes effect at US seaports, airports and customs warehouses, with some higher tariffs to begin next week

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