Random Irritations

[rulefan]

And those that don't understand who is paying them! It's the person(s) importing the item that pays, not the person(s) exporting the product.

They are after all import tariffs.

 

[D-S]

It’s not such a good slogan though - “We’re going to make everything from abroad considerably more expensive!”

 

[GreiginFife]

It shouldn't be that hard, should it? It's fairly fundamental.

It shouldn’t be, but how its being reported seems designed to cause the more hard of thinking to panic.

 

[GreiginFife]

Mindful of the ban on political comment, it's nevertheless hilarious to hear some folk's opinion of tarriffs seem dependent on who is invoking them.

I don’t think the issue is the tariffs themselves as they have always existed.
It’s the muppet-like way that they have been imposed and the steadfast and idiotically incoherent belief of how it works by the imposer.

 

[HomerJSimpson]

Lack of manners and respect

 

[Neilds]

Being in Paris and unable to get a decent cuppa No Yorkshire tea anywhere and then you get hot milk to put in it - bloody heathens!

 

[IanM]

I don’t think the issue is the tariffs themselves as they have always existed.
It’s the muppet-like way that they have been imposed and the steadfast and idiotically incoherent belief of how it works by the imposer.

Don't worry. Looks like the EU are rolling over already. But you need overseas news feeds to read it.

 

[jim8flog]

Most front doors around here can't be opened from the outside if you close them internally and flick the handle up. We just got a new front door actually, but that's how that one works and it was how the last one worked as well (before it broke). Can only open from the outside with the key.

Same. Very basic home security, surprised they even fit uPVC doors with normal handles as front doors

I would be annoyed if I had a door that always needed a key from the outside. I often just pop out to the front of my house but shut the door.

One of the things with either type is you have to be exceedingly careful not to leave a key in the lock on the inside as you cannot fit a key in on the other side if there is one that has been left in.

My neighbour did this and we had to smash a window to get in to her house.

 

[GreiginFife]

Don't worry. Looks like the EU are rolling over already. But you need overseas news feeds to read it.

Unfortunately, in every case someone has to try and talk the madman down off the ledge. The scale of the damage is far too great to stand by and do nothing.

 

[jim8flog]

Trade tariffs and the effect on my pension pot

Only really worrying in if you expect to retire in the near future. Takes time but the bounce back comes some day. 2008 was probably the worse but we got there within a couple of years.

 

[3 jabber]

Only really worrying in if you expect to retire in the near future. Takes time but the bounce back comes some day. 2008 was probably the worse but we got there within a couple of years.

I am retired

 

[jim8flog]

I am retired

I see , I presume you are doing draw down rather than having already converted to annuity.

I got hit in a similar way in 2008 my investments were for income but I ended up living on the capital.

 

[IanM]

Unfortunately, in every case someone has to try and talk the madman down off the ledge. The scale of the damage is far too great to stand by and do nothing.

Not from where I'm sitting. The ultimate purveyors of tarriffs folded rapidly when someone called their bluff.

Bbc news still leading with "Trumps Tarriffs on China." I wonder why the EU news isn't showing... maybe it's further down than I bothered to look.

 

[GreiginFife]

Not from where I'm sitting. The ultimate purveyors of tarriffs folded rapidly when someone called their bluff.

Bbc news still leading with "Trumps Tarriffs on China." I wonder why the EU news isn't showing... maybe it's further down than I bothered to look.

Who? Who are these ultimate purveyors?

 

[IanM]

Who? Who are these ultimate purveyors?

The EU.

The whole Common Market model was, and is still predicated on tariffs and protectionism. Worth rereading the impact on poverty it had outside the EU from the 60s onwards.

I see the bbc have added "one line" to their leader about the EU offering zero for zero now.

Forget the personalities, but Tariffs are rarely good economic instruments regardless. My frustration is over how differently they are reported. It's as if there were no tariffs anywhere pre Trump, and he's the nasty git who invented them!

 

[GreiginFife]

The EU.

The whole Common Market model was, and is still predicated on tariffs and protectionism. Worth rereading the impact on poverty it had outside the EU from the 60s onwards.

I see the bbc have added "one line" to their leader about the EU offering zero for zero now.

Forget the personalities, but Tariffs are rarely good economic instruments regardless. My frustration is over how differently they are reported. It's as if there were no tariffs anywhere pre Trump, and he's the nasty git who invented them!

I don’t think anyone has said, or would maintain that tariffs are good overall. As asserted earlier, the issue is not the tariffs themselves as they have always existed.

No one has even come close to suggest that one person has invented them. The issue here is the idiotic method of imposing what should be a specific and focussed blunt instrument using an erroneous “scientific formula” that experts have ridiculed at best and torn to shreds as being woefully inaccurate and inept at worst and uses base metrics that are incorrect (see use of retail pricing as baselines) along with confusing deficit margins with tariff rates.

That, along with flip flopping uncertainty, is what has tanked the markets not tariffs in, and of, themselves.

But crucially, no one (save for a certain few cult members) believes that they are taxing a foreign nation.

 

[rulie]

I don’t think anyone has said, or would maintain that tariffs are good overall. As asserted earlier, the issue is not the tariffs themselves as they have always existed.

No one has even come close to suggest that one person has invented them. The issue here is the idiotic method of imposing what should be a specific and focussed blunt instrument using an erroneous “scientific formula” that experts have ridiculed at best and torn to shreds as being woefully inaccurate and inept at worst and uses base metrics that are incorrect (see use of retail pricing as baselines) along with confusing deficit margins with tariff rates.

That, along with flip flopping uncertainty, is what has tanked the markets not tariffs in, and of, themselves.

But crucially, no one (save for a certain few cult members) believes that they are taxing a foreign nation.

The "taxing a foreign nation" comes when that "foreign nation" applies "reciprocal tariffs". The "reciprocal tariffs" are paid by the importers and this cost will ultimately result in increased consumer product prices.

 

[GreiginFife]

The "taxing a foreign nation" comes when that "foreign nation" applies "reciprocal tariffs". The "reciprocal tariffs" are paid by the importers and this cost will ultimately result in increased consumer product prices.

Still not taxing a foreign nation. That’s the foreign nation imposing a tax on its own.

No country, no matter how deluded, can impose a tax on a foreign nation.

And what you describe is absolutely not what is being cited when US leaders talk about “taxing China”.

 

[rulie]

Still not taxing a foreign nation. That’s the foreign nation imposing a tax on its own.

No country, no matter how deluded, can impose a tax on a foreign nation.

And what you describe is absolutely not what is being cited when US leaders talk about “taxing China”.

Agree. Imo, what it does is raise the cost of US importers of Chinese products into the US and, if the products are not imported, or quantity of imports are reduced, the laws of supply and demand will increase prices to consumers.

 

[Bunkermagnet]

It seems to be overlooked by those across the pond having controls is that it's American businesses that have outsourced a lot of their production in the chase for greater profits.