The US Election.

It seems wrong to me that world politics has to be keeping one eye on what’s happening in America given that each president has a four year term and two years of that seems to be campaigning for the next election. It’s very worrying that both Putin and Netanyahu wanted Trump to be president again.

Do you mean the UK or the whole of Europe, Fleurpepper?

And never mind the economy, where does that leave us, in this present truly dangerous world, with regards to safety?

Norah

MaizieD

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?

I'm asserting we shouldn't rely on anyone else to solve our financial problems - I didn't vote for Brexit. However it happened.

Americans have a new POTUS who appears to want to levy heavy tariffs - may impact some of us negatively. He won't care.

Well, we could agree with this. However, it is fair to state that Brexit was voted, partly on the basis that we would somehow swap deals we had with Europe, with a mega super deal with the USA- and that it was a massive fraudulent lie.

It doesn't help us, I know. But we do end up with an economy that has been scuppered for private interests by the Tories- no deal with Europe, and no deal with the USA either- our two biggest trading partners. This is terrible news for all of us.

Mt61

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.

Well he did- as a poor student, on a student visa. Many immigrants, including illegal ones, do contribute very much to society, working hard, contributing to the economy in so many ways with their labour, and paying taxes.

MaizieD

^I'm asserting we shouldn't rely on anyone else to solve our financial problems^

So you are, Norah, but who is, is the question I asked.

You are implying that we are relying on POTUS to solve our financial problems. I am asking just who is doing that? Apart from the nutters who sold Brexit on the back of a wonderful trade deal with the US.

Also pointing out that, however unconcerned you might be about our economy, we exist in a global economy and what other countries do will inevitably affect the UK economy.

I assume answer to your question is people who voted Brexit - moving along, of course we care to our economy and the global economy. However, I'm not sure how fretting over new POTUS policy helps us sort ours.

I know I must be missing something. More than half of the American voters are delighted - it was 'the economy, stupid' and though I find him deplorable, I hope he fixes their economy.

I haven't checked the stats recently, but a couple of years ago the US was the UK's single biggest trading partner. From memory, the US made up about 25% of the UK's foreign trade. If those figures haven't changed, I don't see how US protectionism won't affect the UK economy.

I'm asserting we shouldn't rely on anyone else to solve our financial problems

So you are, Norah, but who is, is the question I asked.

You are implying that we are relying on POTUS to solve our financial problems. I am asking just who is doing that? Apart from the nutters who sold Brexit on the back of a wonderful trade deal with the US.

Also pointing out that, however unconcerned you might be about our economy, we exist in a global economy and what other countries do will inevitably affect the UK economy.

Norah

As POTUS he needs to worry about the USA economy, not ours....

We know, we know - we understand what 'America First' means and that Trump was elected to deal with the American economy, but we are talking about the effect his tariffs will have on our economy - sort of a separate issue kind of thing?

Or perhaps you expect economists, industry and commerce to ignore the implications and, well - not discuss them?

I just don't understand why you keep insisting that "we'll be fine" because - higher prices, inflation and interest rates really are not fine.

Of course we'll "carry on" - that's academic. I just don't get why you appear determined to gloss over the effect these tariffs might have on our economy.

Of course there's damned all I or any other individual on GN can do about it, but we are discussing it because it's what people do after a major political 'event'. It's how we evaluate our own plans and action to mitigate any fall out from it.

MaizieD

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?

I'm asserting we shouldn't rely on anyone else to solve our financial problems - I didn't vote for Brexit. However it happened.

Americans have a new POTUS who appears to want to levy heavy tariffs - may impact some of us negatively. He won't care.

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.

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?

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.

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.

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.

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.

We need to look to Europe!

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.

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.

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

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?

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.

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.

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.

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.