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"Trump announcing on day 1…. 25% tariff on everything coming from Canada and Mexico (currently zero under the free trade agreement) And china will get an additional 10% tariff on top of everything already in place as a starting point And so much for the fiscal conservative" I thought he said that he was going to “end inflation”? Making consumers of imported goods pay more will increase inflation won’t it? | |||
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"Trump announcing on day 1…. 25% tariff on everything coming from Canada and Mexico (currently zero under the free trade agreement) And china will get an additional 10% tariff on top of everything already in place as a starting point And so much for the fiscal conservative I thought he said that he was going to “end inflation”? Making consumers of imported goods pay more will increase inflation won’t it?" Tariffs are not just a tool to take money money through higher taxes on imported goods | |||
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"The West has empowered China and Russia through trade, but didn't think through the consequences. Now we see them all too well. " The only consequences the shareholders care about is "Does it raise the share price?". If it does, then crack on. | |||
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"The West has empowered China and Russia through trade, but didn't think through the consequences. Now we see them all too well. The only consequences the shareholders care about is "Does it raise the share price?". If it does, then crack on. " That was certainly the mentality when China opened-up. But now shareholders realise that China's disregard for copyright, and international law generally, means their companies actually lose value. That's why companies are pulling out of China. | |||
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" That was certainly the mentality when China opened-up. But now shareholders realise that China's disregard for copyright, and international law generally, means their companies actually lose value. That's why companies are pulling out of China." I'm not sure that will make much difference. If a dubious company in China wants to copy a Western product, then regardless of where it is physically made, they will do so. | |||
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" That was certainly the mentality when China opened-up. But now shareholders realise that China's disregard for copyright, and international law generally, means their companies actually lose value. That's why companies are pulling out of China. I'm not sure that will make much difference. If a dubious company in China wants to copy a Western product, then regardless of where it is physically made, they will do so." The trend is to Indonesia, India and Bangladesh. But we all benefit from foreign cheap labour, no? Do you buy UK manufactured clothes and shoes? | |||
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"A major part of the capitalist "make cheap, sell high" philosophy is just that. To that end, much manufacturing was exported overseas. This helped deliver larger returns for the shareholders. . So slapping trade tariffs on those overseas made products is going to make them more expensive for the domestic market. . That in turn will reduce sales domestically and in turn affect the much worshipped share price. . All I can see happening is that the companies which manufacture overseas will further focus and align their markets for customers overseas (volume), whilst their domestic market (if they can afford the product) will be a niche market. . I can see the thought behind it...to make the US market a manufacturing and trade powerhouse. However the US government doesn't run private companies, and essentially the shareholders will do what is best for their bottom line, not what is best for their domestic market. " The perspective about shareholder influence is often overly simplistic. In reality, it is the board of directors and exec management who are responsible for setting a company’s strategy. Major shareholders can try to influence strategy, but the day to day decisions and long term direction remain firmly in the hands of leadership. Governments, however, have the power to influence their strategies indirectly. By making imports less attractive through targeted tariffs / policies and incentivising local manufacturing, they can encourage companies towards domestic production. If this balance is carefully managed, the benefits could be significant, increased manufacturing output, job creation across supply chains, reduced dependence on global supply chains, and less vulnerability to geopolitical interference. The potential downside is the risk of retaliatory tariffs. However, negotiating new trade deals, governments can mitigate these impacts, opening new markets and potentially weakening the economies of those imposing reverse tariffs. | |||
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"Good. If all that crap on Temu relected the true cost of the impact, less people would buy in and bury it the ground. The man’s a fool, climate change denier and many other repulsive things , but reducing unnecessary imports is an important part of fixing things. He just doesn’t know it " And the reduction in global shipping container ships burn around 500liters an hour. To get round the Cape of good hope alone takes 2 weeks. | |||
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"China says it can't do anything about the export of fentanyl. I bet it does plenty about drug use in China !" exactly that I bet not many are hooked onit there | |||
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"Good news for American manufacturers. "...like who for instance...? | |||
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"Good news for American manufacturers. ...like who for instance...?"Tesla | |||
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"Good news for American manufacturers. ...like who for instance...?
Tesla "...you really think Trump will put tarrifs on elonia...the first lady? | |||
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"Should be an extra 30% on China. They gave us covid, it's only right they should pay. If it was the other way round they would do the same." yes exactly good point lol | |||
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"Should be an extra 30% on China. They gave us covid, it's only right they should pay. If it was the other way round they would do the same." Excellent point | |||
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"Good news for American manufacturers. " | |||
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"Should be an extra 30% on China. They gave us covid, it's only right they should pay. If it was the other way round they would do the same." Definitely. They have no respect for, nor compliance with, international trade rules and routinely turn a blind eye to wrong doing e.g, fake copies and fentanyl. For sure they dodged the blame for covid too. | |||
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"Good news for American manufacturers. ...like who for instance...?
Tesla "… of which roughly 40% of components in a Tesla come from……. Ding ding ding!!! China! Also…. You’ll never guess which country supplies roughly half of the agricultural products coming into America? Clue.. your neighbour from the south…. Also… your good neighbour to the north currently supplies about 10% of the oil you use in manufacturing Anyway… I think the lesson is … stick up on proper maple syrup now!!!  | |||
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"Anyway.. be interesting to see how China responds because last time specific Chinese tariffs went on… he has to bail out farmers to the tune of 30 billion dollars for losses in farming exports " so yr not a fan on his tariffs then ? | |||
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"Anyway.. be interesting to see how China responds because last time specific Chinese tariffs went on… he has to bail out farmers to the tune of 30 billion dollars for losses in farming exports so yr not a fan on his tariffs then ? " Nah… I’ve seen how it worked last time around… puts on tariffs… doesn’t know how much it cripples his own.. scrambles to bail out For example.. 2/3 of tomatoes America imports comes from Mexico, 90% of avocados come from Mexico to give you two examples On the construction side.. half of lumber, a quarter of steel, 10% of manufacturing oils comes from the Canadian side, | |||
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"Should be an extra 30% on China. They gave us covid, it's only right they should pay. If it was the other way round they would do the same. Excellent point "....no....trump said they did a wonderful job handling covid....he wouldn't lie to you...would he...? | |||
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"Anyway.. be interesting to see how China responds because last time specific Chinese tariffs went on… he has to bail out farmers to the tune of 30 billion dollars for losses in farming exports so yr not a fan on his tariffs then ? Nah… I’ve seen how it worked last time around… puts on tariffs… doesn’t know how much it cripples his own.. scrambles to bail out For example.. 2/3 of tomatoes America imports comes from Mexico, 90% of avocados come from Mexico to give you two examples On the construction side.. half of lumber, a quarter of steel, 10% of manufacturing oils comes from the Canadian side," so they don’t have there own lumber and oil and can’t make there own steel isn’t that the point of the tariffs so they can use there own ? I’m sure avacados and tomatoes can be grown in the sunny states like California and Florida | |||
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"Anyway.. be interesting to see how China responds because last time specific Chinese tariffs went on… he has to bail out farmers to the tune of 30 billion dollars for losses in farming exports so yr not a fan on his tariffs then ? Nah… I’ve seen how it worked last time around… puts on tariffs… doesn’t know how much it cripples his own.. scrambles to bail out For example.. 2/3 of tomatoes America imports comes from Mexico, 90% of avocados come from Mexico to give you two examples On the construction side.. half of lumber, a quarter of steel, 10% of manufacturing oils comes from the Canadian side,so they don’t have there own lumber and oil and can’t make there own steel isn’t that the point of the tariffs so they can use there own ? I’m sure avacados and tomatoes can be grown in the sunny states like California and Florida " The government cannot force private companies to act though can they? Putting import tariffs onto all imports might hypothetically be beneficial for home industries and businesses but the cost of developing, changing, realigning and/or investing in new factories, farms and production facilities would take decades to have any effect. Long before then, high inflation caused by the tariffs would have become political poison and the sitting Government would have inevitably had to ease or remove them. This is probably the reason the few advanced economies do not place punitive import tariffs on most goods. | |||
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"Anyway.. be interesting to see how China responds because last time specific Chinese tariffs went on… he has to bail out farmers to the tune of 30 billion dollars for losses in farming exports so yr not a fan on his tariffs then ? Nah… I’ve seen how it worked last time around… puts on tariffs… doesn’t know how much it cripples his own.. scrambles to bail out For example.. 2/3 of tomatoes America imports comes from Mexico, 90% of avocados come from Mexico to give you two examples On the construction side.. half of lumber, a quarter of steel, 10% of manufacturing oils comes from the Canadian side,so they don’t have there own lumber and oil and can’t make there own steel isn’t that the point of the tariffs so they can use there own ? I’m sure avacados and tomatoes can be grown in the sunny states like California and Florida " and who's going to pick the avocado's and tomatoes.?..he deporting all the immigrants that do that | |||
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"Anyway.. be interesting to see how China responds because last time specific Chinese tariffs went on… he has to bail out farmers to the tune of 30 billion dollars for losses in farming exports so yr not a fan on his tariffs then ? Nah… I’ve seen how it worked last time around… puts on tariffs… doesn’t know how much it cripples his own.. scrambles to bail out For example.. 2/3 of tomatoes America imports comes from Mexico, 90% of avocados come from Mexico to give you two examples On the construction side.. half of lumber, a quarter of steel, 10% of manufacturing oils comes from the Canadian side," US dependence on foreign countries for critical materials, like steel or oil, is a risk to national security. Imposing tariffs, the US can support its own industries and safeguard key supply chains, which is important during global crises that we have every 5 minutes. I can also say the same for the agricultural side of things too. Don't you want to MAGA... | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! " ....its amazing how people on the right love dictators and sex offenders | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! " Yeah… that computer/mobile phone you are typing this on…. 
TV you watching, kitchen, car you drive…. Obviously all uk made.. right? | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! ....its amazing how people on the right love dictators and sex offenders " Like who? Who do I love that fits that description? | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! Yeah… that computer/mobile phone you are typing this on….
TV you watching, kitchen, car you drive…. Obviously all uk made.. right? "I drive a Nissan, made in Sunderland 🇬🇧 | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! " In which case I'm saying nowt as notme already thinks I'm a closet Tory..  | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! In which case I'm saying nowt as notme already thinks I'm a closet Tory.. "let’s be honest, you are . Here for you, ready to roll out the red carpet whenever you are ready to let go. You can finally embrace your inner Tory, swap the water for champagne. | |||
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"I would like the UK to consider imposing tariffs on certain items to encourage our own internal manufacturing offerings." I would not. Because that distorts a capitalist market and does not render the market free or fair from influence. . Without a level playing field, where anyone can compete (think anarcho-capitalism), the market is distorted and not fit for purpose. (Well, fit for purpose for some perhaps, but not for others.) Some might say tariffs are a "correction" and relevelling of the playing field. All they do is make the stuff we would buy more expensive. That does not aid me as a consumer. | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! In which case I'm saying nowt as notme already thinks I'm a closet Tory..
let’s be honest, you are . Here for you, ready to roll out the red carpet whenever you are ready to let go. You can finally embrace your inner Tory, swap the water for champagne. "Thought champagne was for the Islington set? Can't stand the stuff, decent red, good ale and a nice single malt.. If Germany made wine, beer and scotch as well as the do white goods I might change.. | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! In which case I'm saying nowt as notme already thinks I'm a closet Tory..
let’s be honest, you are . Here for you, ready to roll out the red carpet whenever you are ready to let go. You can finally embrace your inner Tory, swap the water for champagne.
Thought champagne was for the Islington set?
Can't stand the stuff, decent red, good ale and a nice single malt..
If Germany made wine, beer and scotch as well as the do white goods I might change.. "German wine is actually very good. And quite cheap because it is widely underrated due to its reputation in the 1970’s. | |||
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"Tariffs aren’t exactly unusual. The UK and EU both impose tariffs on imported goods extensively." Also China has successfully used its exports as an arm of its political policy for decades. | |||
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"I would like the UK to consider imposing tariffs on certain items to encourage our own internal manufacturing offerings. I would not. Because that distorts a capitalist market and does not render the market free or fair from influence. . Without a level playing field, where anyone can compete (think anarcho-capitalism), the market is distorted and not fit for purpose. (Well, fit for purpose for some perhaps, but not for others.) Some might say tariffs are a "correction" and relevelling of the playing field. All they do is make the stuff we would buy more expensive. That does not aid me as a consumer. " How do you make the leap from imposing tariffs to goods inevitably becoming more expensive? Tariffs can rejuvenate domestic production, which, over time will stabilise or even reduce prices by creating local competition and reducing reliance on volatile global supply chains. Additionally, markets aren’t one size fits all. They can be local, national, bloc based, or global, each with its own challenges and benefits. The question isn’t just about “free markets” it’s about choosing the market structure that delivers the best longterm outcomes for consumers, businesses, and the economy as a whole. | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! In which case I'm saying nowt as notme already thinks I'm a closet Tory..
let’s be honest, you are . Here for you, ready to roll out the red carpet whenever you are ready to let go. You can finally embrace your inner Tory, swap the water for champagne.
Thought champagne was for the Islington set?
Can't stand the stuff, decent red, good ale and a nice single malt..
If Germany made wine, beer and scotch as well as the do white goods I might change.. "Nice red, single malt, and a good ale! All you’re missing is a roaring fire and a fine silk jacket to complete the picture. Next week, we’ll take it up a notch and introduce you to the finest wild boar from the Black Forest, paired with a Riesling or two. Welcome to the club | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! In which case I'm saying nowt as notme already thinks I'm a closet Tory..
let’s be honest, you are . Here for you, ready to roll out the red carpet whenever you are ready to let go. You can finally embrace your inner Tory, swap the water for champagne.
Thought champagne was for the Islington set?
Can't stand the stuff, decent red, good ale and a nice single malt..
If Germany made wine, beer and scotch as well as the do white goods I might change..
Nice red, single malt, and a good ale! All you’re missing is a roaring fire and a fine silk jacket to complete the picture.
Next week, we’ll take it up a notch and introduce you to the finest wild boar from the Black Forest, paired with a Riesling or two.
Welcome to the club "Did all that Schwartz wald stuff back in the 70s and 80s, did enjoy touring the Moselle in the Trier and Cochem areas supping on some of their fine whites but it's red nowadays.. Wild boars used to frighten the bejesus out of us, but they do taste good over a fire pit .. | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! In which case I'm saying nowt as notme already thinks I'm a closet Tory..
let’s be honest, you are . Here for you, ready to roll out the red carpet whenever you are ready to let go. You can finally embrace your inner Tory, swap the water for champagne.
Thought champagne was for the Islington set?
Can't stand the stuff, decent red, good ale and a nice single malt..
If Germany made wine, beer and scotch as well as the do white goods I might change..
Nice red, single malt, and a good ale! All you’re missing is a roaring fire and a fine silk jacket to complete the picture.
Next week, we’ll take it up a notch and introduce you to the finest wild boar from the Black Forest, paired with a Riesling or two.
Welcome to the club
Did all that Schwartz wald stuff back in the 70s and 80s, did enjoy touring the Moselle in the Trier and Cochem areas supping on some of their fine whites but it's red nowadays..
Wild boars used to frighten the bejesus out of us, but they do taste good over a fire pit .. "I knew it! You were paving the way | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! Yeah… that computer/mobile phone you are typing this on….
TV you watching, kitchen, car you drive…. Obviously all uk made.. right?
I drive a Nissan, made in Sunderland 🇬🇧"no it was going to close down according to _abio after brexit lol | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! Yeah… that computer/mobile phone you are typing this on….
TV you watching, kitchen, car you drive…. Obviously all uk made.. right?
I drive a Nissan, made in Sunderland 🇬🇧no it was going to close down according to _abio after brexit lol"Nostradamus strikes again! | |||
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" How do you make the leap from imposing tariffs to goods inevitably becoming more expensive? Tariffs can rejuvenate domestic production, which, over time will stabilise or even reduce prices by creating local competition and reducing reliance on volatile global supply chains. Additionally, markets aren’t one size fits all. They can be local, national, bloc based, or global, each with its own challenges and benefits. The question isn’t just about “free markets” it’s about choosing the market structure that delivers the best longterm outcomes for consumers, businesses, and the economy as a whole." I don't feel it's too far-fetched to believe that if company x overseas makes a competitively-priced product which then suddenly costs an extra 25% to the consumers in country y, company x is going to have to pass that uplift on to consumers in country y, isn't it ? . My choice as a consumer has been modified negatively. I don't care who made that choice, be it the government, Santa Claus, The CEO of a UK competitor, or anyone else. That is irrelevant to me. My choice to buy the product in an open global market is paramount and should be unrestricted. If I wish to involve my own impositions and considerations regarding sl@ve labour, unsafe working practices, quality of the components or unhappiness with the regime in the country of manufacture, then that's a choice I can make of my own accord. I can freely make that choice as my autonomy desires. . Increasing the cost to me as a consumer because of political or other reasons seems and is counter to a free, unfettered and undistored market. . Suppose I create a niche product in the UK and make it here. I invest my life savings and it's successful. Then 3 years down the line a competitor in another country makes a very similar product for a fraction of the price. they take market share. That is good for the consumer. My dominance and monopoly is finally challenged (which is good too), and either I innovate and stimulate with a better product, add further value, or go out of business. | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! Yeah… that computer/mobile phone you are typing this on….
TV you watching, kitchen, car you drive…. Obviously all uk made.. right?
I drive a Nissan, made in Sunderland 🇬🇧"Good for you… but if you think the entire assembly of your car is made in the uk from uk sourced materials… I hate to let you down | |||
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"Tariffs aren’t exactly unusual. The UK and EU both impose tariffs on imported goods extensively." Your right… under World trade organisation (WTO) rules… But what you will also find is that no one trades under those rules unless they absolutely have to! What the us are talking about doing is basically wto rules plus 10%… which would allow the Chinese to make the same thing in retaliation But if I were China, in that spot I would target specific industries… agriculture being the most obvious to start with , and then start on anything niche that relies on Chinese exports | |||
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"This may be more threat than anything else to try to get certain things changed in other countries though I am not convinced they will want to be seen as giving in to threats. If it does go ahead and tariffs are introduced, does that give an opportunity to countries that are not subjected to the tariffs to try and gain market share? In other words if a product that say Canada are supplying the U.S. with suddenly gets hit with tariffs then if the equivalent product is made in say the UK then the UK products will suddenly become more competitive and maybe gain market share. Obviously just using the UK as an example, could be any country not affected by the tariffs" Let me give you an example of what happens last time… Trump imposed tariffs on China, it was supposed to be a warning shot over IP protection, china then retaliated by sticking the same tariff value on r@peseed… because of the tariffs it was no longer the cheapest option to get what they needed from the USA, so they got it from other places instead (in this case, Brazil) US farmers who had been growing it were then left with lots of products and nowhere to sell it (you just can’t dump it on another country market) US farmers who had then invested all there time into something they could not sell were going to go bankrupt… hence why the trump administration ended up basically having to bail the farmers out, which cost about 30 billion dollars | |||
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"This may be more threat than anything else to try to get certain things changed in other countries though I am not convinced they will want to be seen as giving in to threats. If it does go ahead and tariffs are introduced, does that give an opportunity to countries that are not subjected to the tariffs to try and gain market share? In other words if a product that say Canada are supplying the U.S. with suddenly gets hit with tariffs then if the equivalent product is made in say the UK then the UK products will suddenly become more competitive and maybe gain market share. Obviously just using the UK as an example, could be any country not affected by the tariffs Let me give you an example of what happens last time… Trump imposed tariffs on China, it was supposed to be a warning shot over IP protection, china then retaliated by sticking the same tariff value on r@peseed… because of the tariffs it was no longer the cheapest option to get what they needed from the USA, so they got it from other places instead (in this case, Brazil) US farmers who had been growing it were then left with lots of products and nowhere to sell it (you just can’t dump it on another country market) US farmers who had then invested all there time into something they could not sell were going to go bankrupt… hence why the trump administration ended up basically having to bail the farmers out, which cost about 30 billion dollars " I have read what happened last time but that is not what I was commenting on. It was basically a guess that if some countries are held back because of tariffs then it is possible that other businesses in other countries can fill the gap or at least improve their market share. Obviously trump wants American businesses to fill the gaps but that's not guaranteed | |||
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"Amazing how people on the left love cheap labour and crap consumer goods ! Yeah… that computer/mobile phone you are typing this on….
TV you watching, kitchen, car you drive…. Obviously all uk made.. right?
I drive a Nissan, made in Sunderland 🇬🇧
Good for you… but if you think the entire assembly of your car is made in the uk from uk sourced materials… I hate to let you down "They are not just UK suppliers for the parts but since brexit and the rules on the origin of the parts, the amount of UK supplied parts has increased. They have had to do this to meet the rules. A major factor in the Nissan battery plant in Sunderland is because the battery makes up a large percentage of the EV vehicles cost. Making them in the UK helps greatly to meeting the targets | |||
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"This may be more threat than anything else to try to get certain things changed in other countries though I am not convinced they will want to be seen as giving in to threats. If it does go ahead and tariffs are introduced, does that give an opportunity to countries that are not subjected to the tariffs to try and gain market share? In other words if a product that say Canada are supplying the U.S. with suddenly gets hit with tariffs then if the equivalent product is made in say the UK then the UK products will suddenly become more competitive and maybe gain market share. Obviously just using the UK as an example, could be any country not affected by the tariffs Let me give you an example of what happens last time… Trump imposed tariffs on China, it was supposed to be a warning shot over IP protection, china then retaliated by sticking the same tariff value on r@peseed… because of the tariffs it was no longer the cheapest option to get what they needed from the USA, so they got it from other places instead (in this case, Brazil) US farmers who had been growing it were then left with lots of products and nowhere to sell it (you just can’t dump it on another country market) US farmers who had then invested all there time into something they could not sell were going to go bankrupt… hence why the trump administration ended up basically having to bail the farmers out, which cost about 30 billion dollars " But many countries impose tariffs on some goods. The UK certainly does, as does the EU. I must have missed the other threads where you complained about those. They also make prices of some imported goods more expensive for us and “distort the market”. I think about 20% of EU imports have tariffs attached to them. Are you against all tariffs? Are Leftists all rabid globalist free marketeers nowadays? | |||
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"This may be more threat than anything else to try to get certain things changed in other countries though I am not convinced they will want to be seen as giving in to threats. If it does go ahead and tariffs are introduced, does that give an opportunity to countries that are not subjected to the tariffs to try and gain market share? In other words if a product that say Canada are supplying the U.S. with suddenly gets hit with tariffs then if the equivalent product is made in say the UK then the UK products will suddenly become more competitive and maybe gain market share. Obviously just using the UK as an example, could be any country not affected by the tariffs Let me give you an example of what happens last time… Trump imposed tariffs on China, it was supposed to be a warning shot over IP protection, china then retaliated by sticking the same tariff value on r@peseed… because of the tariffs it was no longer the cheapest option to get what they needed from the USA, so they got it from other places instead (in this case, Brazil) US farmers who had been growing it were then left with lots of products and nowhere to sell it (you just can’t dump it on another country market) US farmers who had then invested all there time into something they could not sell were going to go bankrupt… hence why the trump administration ended up basically having to bail the farmers out, which cost about 30 billion dollars But many countries impose tariffs on some goods. The UK certainly does, as does the EU. I must have missed the other threads where you complained about those. They also make prices of some imported goods more expensive for us and “distort the market”. I think about 20% of EU imports have tariffs attached to them. Are you against all tariffs? Are Leftists all rabid globalist free marketeers nowadays?" Literally 5 posts up from yours I talk about WTO rules! | |||
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"I don't feel it's too far-fetched to believe that if company x overseas makes a competitively-priced product which then suddenly costs an extra 25% to the consumers in country y, company x is going to have to pass that uplift on to consumers in country y, isn't it ?" That's not how tariffs work. The tariff is paid by the importer, not the exporter. So Company X overseas still makes the same product for the same price, but the consumer in country Y will have to pay import taxes when he buys a thing from Company X (or more likely, some middle-man company will do the importing, pay the tariff, and pass it on to the consumer). | |||
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" How do you make the leap from imposing tariffs to goods inevitably becoming more expensive? Tariffs can rejuvenate domestic production, which, over time will stabilise or even reduce prices by creating local competition and reducing reliance on volatile global supply chains. Additionally, markets aren’t one size fits all. They can be local, national, bloc based, or global, each with its own challenges and benefits. The question isn’t just about “free markets” it’s about choosing the market structure that delivers the best longterm outcomes for consumers, businesses, and the economy as a whole. I don't feel it's too far-fetched to believe that if company x overseas makes a competitively-priced product which then suddenly costs an extra 25% to the consumers in country y, company x is going to have to pass that uplift on to consumers in country y, isn't it ? . My choice as a consumer has been modified negatively. I don't care who made that choice, be it the government, Santa Claus, The CEO of a UK competitor, or anyone else. That is irrelevant to me. My choice to buy the product in an open global market is paramount and should be unrestricted. If I wish to involve my own impositions and considerations regarding sl@ve labour, unsafe working practices, quality of the components or unhappiness with the regime in the country of manufacture, then that's a choice I can make of my own accord. I can freely make that choice as my autonomy desires. . Increasing the cost to me as a consumer because of political or other reasons seems and is counter to a free, unfettered and undistored market. . Suppose I create a niche product in the UK and make it here. I invest my life savings and it's successful. Then 3 years down the line a competitor in another country makes a very similar product for a fraction of the price. they take market share. That is good for the consumer. My dominance and monopoly is finally challenged (which is good too), and either I innovate and stimulate with a better product, add further value, or go out of business. " Your perspective overlooks the economic and geopolitical benefits that tariffs can bring. Tariffs are not simply about raising prices they are tools to shape the economy, safeguard critical industries, and ensure national and supply chain security. Your example of a niche UK business. It’s not a free market when overseas competitors benefit from cheaper labour, lower safety standards, or even government subsidies. Tariffs level the playing field, ensuring that businesses compete on merit, not unfair advantages. I want less government control on business here, not overseas, that is what I expect our government to support, our services and manufacturing, enabling this country to prosper. Do you remember the Ever Given getting stuck in the Suez canal, the microchips for car tech not being available, both of those things exposed our reliance on global supply chains, considered tariffs should be in place to encourage manufacturing here to prevent that over reliance going forward. | |||
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"Do you remember the Ever Given getting stuck in the Suez canal, the microchips for car tech not being available..." If I may say so, that's a terrible example. Microchip factories cost billions, and take years to build. No one is going to take that sort of risk based on today's government applying tariffs, when they might be removed at a whim. Cereal crops is a better example, because a farmer can see the increase in price due to tariffs today, plant wheat tomorrow, and get a return in under a year. Even then we're not building resilience. If the tariffs change, the farmer will just plant something else, and we're back where we started. The only way that tariffs can build any sort of industry is if they can be guaranteed to apply for decades, so that investors are guaranteed a return. During which time we'll all have to pay higher prices. And of course, if ever the tariff gets repealed, the UK business will collapse because it just isn't profitable any more, and we're back where we started, but poorer. | |||
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