The US Election.

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

What a bizarre reply. We now have big tariffs and all sorts of checks and red tape (expensive!) to export to Europe. We were promised the best deal ever with the USA, which would more than compensate for this, somehow. This has not happened at all, and now we face more tariffs from across the pond- and in very difficult times.

So 'fret their financials' is very much a priority, somehow.

TerriBull

The throwing the toys out of the pram and going the full Emily Maitless, as some KH supporters are prone to do, that and Rory Stewart's hung dog expression, the morning after kind of demonstrates an irrational lofty attitude of "I'm so right and you're so wrong" it's so alienating, often emanating from a privileged elite and not representative of the working classes who should be the core base of a left leaning party.

This. ✔️

Obviously I'm a privileged elite person but I'm also a Labour voter and worked all my life and I feel very superior to anybody who voted Trump.

The Markets Love The Orange Man
Trump’s reelection is really all anyone can think about right now (or is that just us?), so let’s take a look at how it affected the economy.

The Dow jumped by 1,507 points, or 3.57%, to close at a new record high, marking the first time the index has gained more than 1,000 points in a single day since November 2022.
The S&P 500 jumped by 2.5%, the tech-heavy Nasdaq closed 2.95% higher, and the U.S. dollar had its best day in two years.

The price of Bitcoin also hit a new high, increasing nearly 8% in early trading and climbing above $75,000 to a record high. Dogecoin, a favourite of billionaire and Trump supporter Elon Musk, was up as much as 18%.

"Though Jenrick has never met Trump, he maintains close links with Elbridge Colby, who many predict will be Trump’s national security advisor should he return to the White House. The pair first met in Washington this February.

Colby made headlines for criticising former foreign secretary Lord Cameron’s “wildly incoherent” approach to defence.

However, he was impressed by current Foreign Secretary David Lammy’s “real effort to reach out to Conservatives and new-Right people” in the US and by his acknowledgement that Europe must spend more on its own defence while the US steels itself against China.

www.politicshome.com/news/article/how-do-the-tories-deal-with-donald-trump

Good for you Aveline. Just remember though that “Self Praise is no recommendation”.

Doubts about Trump extend far beyond UK political boundaries.

Praise or recognition of the status quo?

MaizieD

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

I think we do need to 'fret their financials' as they will have a direct adverse effect on us, and on every country that exports to the US if Trump imposes tariffs as he has been saying that he will.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

Of course his tariffs will effect our exports to the US, prices aren't static. However, can we really expect other countries to consider our financials? America have their own issues to solve.

Thats my view too Norah. We, and other countries can shout all we like, but ultimately we can’t change the US stance. Trump has staked his reputation on this, and he’s not a compromiser.

MaizieD

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

I think we do need to 'fret their financials' as they will have a direct adverse effect on us, and on every country that exports to the US if Trump imposes tariffs as he has been saying that he will.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

... even if we haven't annoyed him - highly unlikely as he's very sensitive to criticism - these proposed tariffs would definitely not be good for our economy.

The NIESR reckons the BoE will have to hike interest rates, economic growth will slow and ultimately unemployment would rise.

Who knows if they're right - but it doesn't look particularly good for our economy, so can't really see how "we'll be fine" either.

Dickens

MaizieD

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

I think we do need to 'fret their financials' as they will have a direct adverse effect on us, and on every country that exports to the US if Trump imposes tariffs as he has been saying that he will.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

... even if we haven't annoyed him - highly unlikely as he's very sensitive to criticism - these proposed tariffs would definitely not be good for our economy.

The NIESR reckons the BoE will have to hike interest rates, economic growth will slow and ultimately unemployment would rise.

Who knows if they're right - but it doesn't look particularly good for our economy, so can't really see how "we'll be fine" either.

It’s not just the UK though Dickens, Trump is annoyed with all of Europe - and many other countries too no doubt. He isn’t concerned about popularity as much as he’s concerned about the economy of the USA, so he won’t be holding prisoners - that’s my view anyway.

I'm far more concerned about Trumps history of inciting hatred and division, his catalogue of lies, and what he will do to democracy in the USA, his plans for revenge against named people who "got in his way", a probable dictatorship, with plans as in aspects of Project 25

than the very rich investors who will make a bit more money from the financial markets.

Believe me, from talking to people who are far from "elite" are well aware of his reputation for craziness and lies and bizarre word salads.

Fleurpepper

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

What a bizarre reply. We now have big tariffs and all sorts of checks and red tape (expensive!) to export to Europe. We were promised the best deal ever with the USA, which would more than compensate for this, somehow. This has not happened at all, and now we face more tariffs from across the pond- and in very difficult times.

So 'fret their financials' is very much a priority, somehow.

Unclear to me why we would rely on old promises.

New POTUS faces huge challenges (8% of the USA population without healthcare insurance, 11m undocumented people, shortage of housing, low wages, high taxes). Solutions will be sought.

Seems to me UK must find our own solutions, not depend on others.

It’s not just the UK though Dickens, Trump is annoyed with all of Europe - and many other countries too no doubt. He isn’t concerned about popularity as much as he’s concerned about the economy of the USA, so he won’t be holding prisoners - that’s my view anyway.

No, I think you're right Casdon. I was simply microscopically responding to the "we'll be fine" comment.

Trump's beef with 'Urup' will / might affect just about every region of EU policy; drug-pricing, green technology (drill, baby, drill), etc, etc.

I think his popularity heavily rests on the economy as much as anything else, listening to some voices from the American people who have stressed that they just want cheaper prices in the grocery store and at the gas station. And who can blame them?

Norah

MaizieD

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

I think we do need to 'fret their financials' as they will have a direct adverse effect on us, and on every country that exports to the US if Trump imposes tariffs as he has been saying that he will.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

Of course his tariffs will effect our exports to the US, prices aren't static. However, can we really expect other countries to consider our financials? America have their own issues to solve.

So we just accept without any worrying that our already moribund economy will get worse under Trump's tariff policy?

Perhaps we might start thinking about doing more to penetrate other markets? Like the enormous one across the channel which we turned our backs on a few years ago....

'effect' means carry out, undertake, BTW

Dickens

MaizieD

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

I think we do need to 'fret their financials' as they will have a direct adverse effect on us, and on every country that exports to the US if Trump imposes tariffs as he has been saying that he will.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

... even if we haven't annoyed him - highly unlikely as he's very sensitive to criticism - these proposed tariffs would definitely not be good for our economy.

The NIESR reckons the BoE will have to hike interest rates, economic growth will slow and ultimately unemployment would rise.

Who knows if they're right - but it doesn't look particularly good for our economy, so can't really see how "we'll be fine" either.

As POTUS he needs to worry about the USA economy, not ours. If he does implement some of his ideas - we'll still be fine, albeit with perhaps higher prices, inflation, and interest rates.

However, I'm not one to look for things to fret about - Brexit, this horrible election result - regardless, we'll carry on.

We are not relying on old promises. The threat to raise import taxes is a new one. If it happens we will have to find a solution and deal with it, but currently the government are dealing with home grown financial pressures. We don’t need additional import taxes and pressure on our economy.
Maybe Trump won’t implement this import tax, but his first responsibility is to the US, and not to how damaging the tax is to the UK.
I don’t trust him.

We need to look to Europe!

MaizieD

Norah

MaizieD

Norah

J52

Norah
“I mean that their tariffs will be fine for us. We may find USA goods prices to go further up - prices aren't static. We'll be fine.”

Are you an Economist? Would you care to share your expert knowledge?

My opinion - we don't need to fret their financials. Serves no purpose.

I think we do need to 'fret their financials' as they will have a direct adverse effect on us, and on every country that exports to the US if Trump imposes tariffs as he has been saying that he will.

Indeed, as he did to 'punish' countries that annoyed him during his last stint as president.

Of course his tariffs will effect our exports to the US, prices aren't static. However, can we really expect other countries to consider our financials? America have their own issues to solve.

So we just accept without any worrying that our already moribund economy will get worse under Trump's tariff policy?

Perhaps we might start thinking about doing more to penetrate other markets? Like the enormous one across the channel which we turned our backs on a few years ago....

'effect' means carry out, undertake, BTW

First, thank you for correcting my improper effect /affect.

Yes, I think we have to find our own solutions to our own problems, I doubt the new POTUS even slightly cares what impacts us.

Worrying solves nothing, actions solve, imo.

Norah

“we'll still be fine, albeit with perhaps higher prices, inflation, and interest rates.”

There are contributors to this forum who are currently not doing ‘fine’. I doubt if they want higher prices and inflation.

J52

Norah

“we'll still be fine, albeit with perhaps higher prices, inflation, and interest rates.”

There are contributors to this forum who are currently not doing ‘fine’. I doubt if they want higher prices and inflation.

Of course.

However, we can't rely on POTUS to be our solution. He has a vast country with huge financial problems, which Americans must be expecting him to fix - or at least that is what his vote count says to me.

Let''s put it this way, Norah. If our economy stagnates further, if prices rise, if businesses go bust as a result of Trump's tariff war, then I'd rather that the cause was correctly attributed.

Norah

J52

Norah

“we'll still be fine, albeit with perhaps higher prices, inflation, and interest rates.”

There are contributors to this forum who are currently not doing ‘fine’. I doubt if they want higher prices and inflation.

Of course.

However, we can't rely on POTUS to be our solution. He has a vast country with huge financial problems, which Americans must be expecting him to fix - or at least that is what his vote count says to me.

Jeez 🙄

Who, apart from the people who believed the Brexit lies, is relying on the POTUS to solve our financial problems?

Fleurpepper, he’s probably put a lot of money into the USA, built businesses & employed an awful lot of people, he hasn’t just landed with a rucksack on his back.