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

[The Bedlington Terrier]

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.

[sinkov]

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.

[The Bedlington Terrier]

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

[sinkov]

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.

[kritichris]

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.

[The Bedlington Terrier]

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?

[sinkov]

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?

Thank you mon ami, they are in effect the same thing, they are both charges put on imported goods, call them import duties and no one minds, call them tariffs and the globalists go into meltdown. Funny old world. Still surprised to see you on the side of the globalists though mon ami, but for TDS you'd be seeing everything clearly now.

As for the stock market 'crash', Warren Buffet always says, 'the time to invest is when blood is running in the streets'. I don't dabble in shares any more, but if I did I'd be looking on this as a buying opportunity par excellence.

[The Bedlington Terrier]

Thank you mon ami, they are in effect the same thing, they are both charges put on imported goods, call them import duties and no one minds, call them tariffs and the globalists go into meltdown. Funny old world. Still surprised to see you on the side of the globalists though mon ami, but for TDS you'd be seeing everything clearly now.

As for the stock market 'crash', Warren Buffet always says, 'the time to invest is when blood is running in the streets'. I don't dabble in shares any more, but if I did I'd be looking on this as a buying opportunity par excellence.

The Falkland Islanders have just been hit with a 43% tariff by Perma Tan, I wonder what they sell to the US?

[The Bedlington Terrier]

The King of Perma Tan was getting dog's abuse yesterday.

Donald Trump was mocked for his botched bronzer job on his face during a White House press event on "Liberation Day."

When the president announced a slate of new tariffs imposed on over two dozen nations around the world, several critics were quick to point out how dark the commander-in-chief's face was compared to his hands.

https://www.msn.com/en-gb/news/world...7c038c33&ei=13

[Supersub6]

Stock prices go through the floor because those with the money are influencing people like Trump to do what he has done.
Those with the billions will be buying up shares at a rate of knots and then will ensure that the value of their holdings increase at a rate of knots so that they become richer whilst the small investors and those whose pensions are tied up with share prices will continue to worry how they will make ends meet.

Usual tale --the rich get richer whilst the rest of us just do our best. Situation normal, nothing to worry about.