Trumps Tariffs

Does anyone have an opinion about us getting a better deal on tariffs than that horrible EU ?

I thought that the US already charged us the standard WTO rate of 10% on imports, but apparently it was a lot less than 10%.

LINK

They don’t charge ‘us’ anything.

Well that's good to know

Actually, it could result in all the countries with higher tariffs than us setting up trading outposts in the UK for their USA trade and that would be good for our economy, would it not, laaaaike?

No

Because that would be seen by Trump as two tings, firstly circumventing the tariffs put in place on the EU by America, and secondly it would cause a trade imbalance between the UK and America, because at present there is a parity between the UK and America, in that the amounts we sell to them and buy from them are about the same, so there is a trade balance, if EU companies set up in the UK, that would cause the UK to sell more goods to the US than what we import from them, hence there would be a 'trade imbalance, and Mr Trump would be miffed about that

What d’you mean, No? It’s been going on for years. How do you think EU based companies like Aldi and Lidl undercut all the British supermarkets?

If our trade balance with the Usa is about the the same, why impose more tariffs on the UK?

We are paying the same tariffs as Peru and Costa Rica!
Plus we are paying 25 per cent export taxes on steel!

Tonker you are absolutely right in what you stated above regarding EU based companies like Aldi and Lidl.

I don't think the Oldham supporter realises that companies like Aldi / Lidl etc are EU based, and not subject to the 20% EU tariffs.

Ooooh!



MeeeeeOwww

Tonker and Sarky Cat

So I get that the Aldi and Lidl UK operations are based in the UK, but I don't understand how that helps them 'undercut' the other supermarket chains.

Oldham.
Aldi and Lidl are based all over the world.

Its simple how they "undercut" the other supermarket chains.

They operate on a lower profit margin

Chesh., exports aren’t taxed directly to the exporter. The importer is taxed on their imported goods.
The USA won’t put any tariffs on anything exported from UK to USA.
The tariffs will affect the importers.
Yes, it follows that American traders will be reluctant to import goods from the UK if they have to pay 10% import duty.
I think the UK should respond by making exported goods vatable.

APLS, if Aldi buy a load of bottles of whisky from a distillery in Scotland, they pay next to nothing for them. If they import them into the EU, they’ll pay the duty and vat at the country of import rates.
Then, they are allowed to bring them back over here duty paid at country of origin rates.
That’s how it used to be, but I’ve been out of that business for many years now. Things may have changed. But I doubt it!
I’m sure Tesco started doing the same thing with their Calais based warehouse.

Been watching this. Government on walking on eggshells as to how to handle it at the moment. Starmer is walking on eggshells at the moment as to how to handle it. Apparently no one gains in a trade war.

No matter what Trump or indeed any American President does for the benefit of the USA, it will always be a source of news for certain parts of our media and even some on Wigan World.

The rest of us just get on with life in the knowledge that we cannot do anything about it!

Aldi...Lidl... Stuff your Asda.,Tesco..Sainsbury's...Morrisons..it'll spend anywhere