Trade wars - how will it effect the UK?

It’s every country that the USA has a deficit with that Trump is targeting, that doesn’t include us, as we import more than we export to them. We may still be subject to more taxes from them, but as I said earlier we’re a bit player. I completely agree that we should be forging our links with the the EU, Starmer is with the leaders today, which is a good sign.

Trump has effectively shot US business in the kneecaps. We're so busy wondering what his tariffs mean for US that maybe we're blind to what it's going to mean to American businessmen when they lose our business. I'll bet there are many who now regret voting him in, as they blinded themselves to the reasons why he even stood in the first place (not for the good of America, that's for sure). Think about it.

The EU seems to think America’s demands are unacceptable.
How dare Trump demand the EU pays for its own defence?
How dare Trump demand parity of tariffs?

Please EUrophiles explain why the EU is so resistant to reasonable requests? Why do they think America should tolerate spongers?

Ireland pays nothing for its defence. It steals taxes that should be paid in the country were the profits arise. Their hypocrisy and hatred of Trump and Israel is disgraceful.

There is an inherent, and not unreasonable, dislike of being told what to do, or how to run our affairs, by the leader of a foreign country .

Quite apart from the democratic Leave vote,

But that's all in the past now, we 've moved on, don't you know?

he will be Public Enemy No 1 if businesses are hit with tariffs following Reeves's disastrous budget

Reeves budget wasn't disastrous for the 'upper end' of businesses , which would be finance. Financial services comprise the greater part of our exports to the US (two thirds) and as they charge huge fees I think they will be able to take the hit; so will their clients...

The EU talks of retaliation rather than looking at the issues as to why it is viewed as having treated the US terribly.

Time to address the root causes / failings surely?

Casdon

It’s every country that the USA has a deficit with that Trump is targeting, that doesn’t include us, as we import more than we export to them. We may still be subject to more taxes from them, but as I said earlier we’re a bit player. I completely agree that we should be forging our links with the the EU, Starmer is with the leaders today, which is a good sign.

I agree Casdon and I also see myself as still part of Europe being half French

We in the UK are all ‘part of Europe’! Geographically we stand within it….

The inept Starmer will find a way to botch our enviable advantage with Trump because it will mean admitting a Brexit bonus. 😁

FriedGreenTomatoes2

The EU talks of retaliation rather than looking at the issues as to why it is viewed as having treated the US terribly.

Time to address the root causes / failings surely?

They can’t counter irrationality. Worldwide condemnation of Trump’s tariff system are coming thick and fast, and what Europe needs to do is stand firm with the rest of the world. There isn’t another option. If he carries on with this there will be a worldwide recession.

Chagos

FriedGreenTomatoes2

We in the UK are all ‘part of Europe’! Geographically we stand within it….

The inept Starmer will find a way to botch our enviable advantage with Trump because it will mean admitting a Brexit bonus. 😁

But we do not have an ‘enviable advantage with Trump’. All we have is a current position where we export less than we import from USA. Don’t kid yourself that he wouldn’t sell us down the river if it suited him.

It’s a bit of an outdated perspective to view US imports to the UK strictly through the prism of physical manufacturing. That’s no longer the world we live in. We are literally typing our posts on US based tech. Gransnet/Mumsnet cannot exist without the ad money via US companies like Google. Even thinking about China manufacturing US goods like phones and processors, the money still flows back to the US in too many ways. Then there services like Amazon, Facebook, Netflix. We also import medical machinery and parts from the US. Globalisation has meant that economically the world is interwoven in such a manner that trade wars between major economies will have global impact. The UK is no exception.

Yes, there is a meeting this week and a bigger one in a month I think, when I am hoping that closer ties will be forged.

The EU is far bigger than the USA and so has much more economic clout.

I am sure Trump will try to go for divide and rule - it is what bullies do - and we know because of its strength Trump has never liked the EU. But his silly unrealistic demand for parity in trade is ridiculous. He doesn’t seem (or doesn’t want )to understand the capitalist system.

He needs to be careful, China is quietly waiting in the wings and I can see that they will make a successful bid for world economic domination if Trump continues on the path he is on.

FGT, why does Trump have to apply tariffs at all?
Why create a situation that could cause a wide recession? How has the US been treated "terribly"

Why not just negotiate if he isn't happy? (Fair enough re funding NATO).

Why do you support this terrible dictator who lies at every turn and is pulling his own country apart with acts of revenge to anyone who was "nasty" to him. (like the sackings in the FBI, he's pulling a crime agency apart - how is that good?)

How in anyway at all is he good for the UK Why dont you stick up for the UK?

Totally agree WW.

China will happily jump in and sell goods to all of us, much cheaper than we ever got them from America. I don’t understand why Trump can’t see this - or maybe he can but he doesn’t care!

BlessedArt

It’s a bit of an outdated perspective to view US imports to the UK strictly through the prism of physical manufacturing. That’s no longer the world we live in. We are literally typing our posts on US based tech. Gransnet/Mumsnet cannot exist without the ad money via US companies like Google. Even thinking about China manufacturing US goods like phones and processors, the money still flows back to the US in too many ways. Then there services like Amazon, Facebook, Netflix. We also import medical machinery and parts from the US. Globalisation has meant that economically the world is interwoven in such a manner that trade wars between major economies will have global impact. The UK is no exception.

Most of the hardware and microchips are not made in the USA though BlessedArt, and the USA doesn’t manage all the platforms either, so although it would obviously have a huge impact, they don’t have a monopoly. I’d assumed the figures for hardware and software were included in the import and export figures, apologies if that isn’t the case.

China makes most of the worlds chips etc.

I have to disagree But we do not have an ‘enviable advantage with Trump’.

His mother was Scottish.
He loved QEII.

I genuinely think that counts - to an extent anyway.

surprise, surprise - "Farage hails Trump 'inspiration' at Reform UK rally" two days ago.

I do stick up for the UK Wyllow3 that’s why I voted Reform.
😁

X posts!

Really FGT🙈

Response to FGT 14.53 post.

Yes really *LizzieDrip^.

FriedGreenTomatoes2

I have to disagree But we do not have an ‘enviable advantage with Trump’.

His mother was Scottish.
He loved QEII.

I genuinely think that counts - to an extent anyway.

His father was the son of German immigrants. You carry on believing whatever you like, but I believe the only person Trump is loyal to is himself. That is now playing out in Technicolor.