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Liberation day is going well – politicalbetting.com

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  • HYUFDHYUFD Posts: 127,043
    edited April 2

    As I understand it Apple were looking at Vietnam for iPhone production to bypass China tariffs. Whoops.

    34% tariff still on Chinese imports in US and 26% on Indian imports but yes Vietnam even higher at 46% tariffs

    https://x.com/SharePickers/status/1907531002173424123
  • rottenboroughrottenborough Posts: 65,533
    Cicero said:

    A more or less provable assertion. This is a spectacular disaster unfolding in real time.

    The US economy is going to be wreckage far quicker than we thought.
    iirc the gold standard also played a role as well as Smoot-Hawley.
  • GarethoftheVale2GarethoftheVale2 Posts: 2,293
    Fun fact: In 1991, Ernest Saunders, one of the Guinness Four, was let out of prison early as he was believed to be suffering from Alzheimer's. He subsequently "recovered" and is still alive today.
  • TimSTimS Posts: 14,934

    Has he agreed to eliminate the UK tax on US media companies
    The DST? Quite possibly, there were certainly rumours to that end.
  • rottenboroughrottenborough Posts: 65,533
    Trump: "We're gonna take care of our people first, and I'm sorry to say that."

    He means billionaires presumably by "our people".

    But I doubt Wall Street billionaires are going to be sleeping tonight.
  • viewcodeviewcode Posts: 24,288
    10% tariff on all UK goods
  • People are as confidently predicting Labour’s demise as they did 10 years of Johnson in 2020!

    And they laughed at me then.
  • eekeek Posts: 29,735

    Given that food in the USA already costs more than in this country it doesn't matter if it can be sold here as nobody is going to pay more for lower standard foreign food.
    It's hard to gauge the actual price of food in the USA relative to the UK - simply because our logistics and competition means the only true price comparision would be Walmart / Costco.
  • Big_G_NorthWalesBig_G_NorthWales Posts: 65,029
    TimS said:

    The DST? Quite possibly, there were certainly rumours to that end.
    Yes
  • williamglennwilliamglenn Posts: 54,839
    Cicero said:

    A more or less provable assertion. This is a spectacular disaster unfolding in real time.

    The US economy is going to be wreckage far quicker than we thought.
    Wishful thinking from someone who is aligned with Putin on wanting America to fall.
  • viewcodeviewcode Posts: 24,288
    GBP to USD now over 1.30
  • another_richardanother_richard Posts: 27,523
    HYUFD said:

    The great new rustbelt manufacturing boom and the extra tax revenue
    That extra tax revenue will be paid by US consumers alongside the higher prices.

    You cannot get rich by producing low value added consumer tat.
  • scampi25scampi25 Posts: 99
    Interesting euro plunging against sterling.
  • rottenboroughrottenborough Posts: 65,533

    ‪Anne Applebaum‬ ‪@anneapplebaum.bsky.social‬
    ·
    7m
    He's just pulling these tariff numbers from the air, isn't he
  • StillWatersStillWaters Posts: 9,768
    Mortimer said:

    To be honest, it sort of feels like we might be able to get rid of that by accepting some washed chicken!
    Alternatively the US could vaccinate their chickens against salmonella and they wouldn’t need to chlorinate them…
  • TazTaz Posts: 17,625
    Presumably the negotiations start now to get to a deal to get rid of these.
  • rottenboroughrottenborough Posts: 65,533
    Wow. Apple down 4.9%.

    Like a stone this evening.
  • HYUFDHYUFD Posts: 127,043
    25% tariffs on Mexican and Canadian imports, 10% on Canadian energy resources

    https://x.com/TheNewsBreaks/status/1907533458710343978
  • eekeek Posts: 29,735
    carnforth said:

    Not being in the EU hasn't helped Switzerland: 31%. Bad for their medical devices industry, I would have thought.

    The margins that american health companies charge should allow them to swallow the cost.

    And if they don't their prices are so high relative to the rest of the world most people wouldn't notice. An asthma inhaler is $120 there or about £4 from boots.
  • solarflaresolarflare Posts: 3,928


    ‪Anne Applebaum‬ ‪@anneapplebaum.bsky.social‬
    ·
    7m
    He's just pulling these tariff numbers from the air, isn't he

    The tariff for Indonesia is eleventy-seven.
  • HYUFDHYUFD Posts: 127,043

    That extra tax revenue will be paid by US consumers alongside the higher prices.

    You cannot get rich by producing low value added consumer tat.
    Trump has
  • MexicanpeteMexicanpete Posts: 31,298
    HYUFD said:

    The great new rustbelt manufacturing boom and the extra tax revenue
    Economics isn't your strongest suit is it?
  • another_richardanother_richard Posts: 27,523
    I take it all the PBers who want a trade war have already done their bit by starting a personal consumer boycott ?

    So no more talking about a certain Netflix drama ?
  • Scott_xPScott_xP Posts: 38,114


    ‪Anne Applebaum‬ ‪@anneapplebaum.bsky.social‬
    ·
    7m
    He's just pulling these tariff numbers from the air, isn't he

    His ass...
  • williamglennwilliamglenn Posts: 54,839
    Trump says that Biden had a special relationship with China while doing a mime of someone counting out a bribe.
  • carnforthcarnforth Posts: 5,697
    Taz said:

    Presumably the negotiations start now to get to a deal to get rid of these.

    We should allow US cars to be imported without following european regulations. With an exemption for things which are too heavy/wide. US car regulations are different, but not generally weaker than ours - in fact in some ways they are stronger.
  • rottenboroughrottenborough Posts: 65,533
    FT guy:



    ‪Alan Beattie‬ ‪@alanbeattie.bsky.social‬
    ·
    2m
    Reply to
    Alan Beattie
    It's quite surreal how Trump is doing the usual stream-of-consciousness about making America great and factories and so on and then just casually drops in the biggest tariff increases since the 1930s.

    https://bsky.app/profile/alanbeattie.bsky.social/post/3lluarprsc22j
  • EabhalEabhal Posts: 10,148
    edited April 2
    HYUFD said:

    Trump has
    Trump would be richer than he is now had he just chucked it all in a tracker fund. He's lost a fortune, not made one.
  • HYUFDHYUFD Posts: 127,043

    Missed opporunity to do it in the style of Eurovision with a video link to each ambassador announcing the tariffs.

    He did it old school Eurovision style with the chart
  • RochdalePioneersRochdalePioneers Posts: 29,849
    Trump says that to get the tariffs dropped we all have to remove barriers and “and start buying tens of billions of dollars of American goods”

    How about no?

    Boycott globally
  • MexicanpeteMexicanpete Posts: 31,298
    edited April 2

    Trump says that Biden had a special relationship with China while doing a mime of someone counting out a bribe.

    Well he'd know all about counting out dodgy cash, and Putin's divide and conquer plan is working like clockwork.
  • RazedabodeRazedabode Posts: 3,106
    I mean, I know 10% is probably the best case scenario for the UK. But I really don’t think that the public will feel that’s a win when Canada / EU come out worse
  • another_richardanother_richard Posts: 27,523
    HYUFD said:

    Trump has
    At the expense of others not by creating anything of value.

    That might work very well for an individual but it doesn't work for a country.
  • CiceroCicero Posts: 3,400

    Wishful thinking from someone who is aligned with Putin on wanting America to fall.
    You´re new around here aren´t you? Extremely stupid statements like yours get pretty short shrift.
  • NigelbNigelb Posts: 76,723


    ‪Anne Applebaum‬ ‪@anneapplebaum.bsky.social‬
    ·
    7m
    He's just pulling these tariff numbers from the air, isn't he

    No, his arse.
  • rottenboroughrottenborough Posts: 65,533

    Alternatively the US could vaccinate their chickens against salmonella and they wouldn’t need to chlorinate them…
    Vaccinate? In Trump's USA? You are having a laugh aren't you?
  • tlg86tlg86 Posts: 26,536

    I don't think it really matters whether other countries apply any retaliatory tariffs as there are going to be consumer boycotts over much of the world against anything 'Made in the USA'.

    I'm not sure if I buy anything made in the States.
  • HYUFDHYUFD Posts: 127,043

    At the expense of others not by creating anything of value.

    That might work very well for an individual but it doesn't work for a country.
    It worked for China over the last few decades
  • EabhalEabhal Posts: 10,148
    Every time he looks away from the teleprompter the American economy stops for a moment. Could come out with anything.
  • rottenboroughrottenborough Posts: 65,533
    ‪Phillips OBrien‬ ‪@phillipspobrien.bsky.social‬
    ·
    3m
    I cant believe that such huge tariffs will be implemented right away, or the US will be cut out from many global supply chains.
  • williamglennwilliamglenn Posts: 54,839
    Cicero said:

    You´re new around here aren´t you? Extremely stupid statements like yours get pretty short shrift.
    You said it:
    Cicero said:

    The Yanks voted for this piece of shit. The fall of America is happening fast. For the rest of the planet, that day can hardly come soon enough.

  • AugustusCarp2AugustusCarp2 Posts: 308

    Boycott US products and travel there

    Lots of nicer places to visit in the world including Canada where our son and daughter in law live
    I would be delighted to boycott US goods, and I will try, but in due course how do I replace my Apple ecosystem, Microsoft software and the Cloud? Happy to be schooled on this. In the meanwhile, I will avoid the US banking and credit card system, their subscription entertainment offerings and anything else that comes to mind.
  • eekeek Posts: 29,735
    What tariffs has Russia got, 0%?
  • Somebody here still thinks Trump was better than Harris.
  • MalmesburyMalmesbury Posts: 54,204
    eek said:

    The margins that american health companies charge should allow them to swallow the cost.

    And if they don't their prices are so high relative to the rest of the world most people wouldn't notice. An asthma inhaler is $120 there or about £4 from boots.
    I’m trying to remember who asked why the drug cartels don’t just import tons of insulin etc into America.
  • numbertwelvenumbertwelve Posts: 7,302
    Sorry Rachel, that headroom’s gone again.
  • Big_G_NorthWalesBig_G_NorthWales Posts: 65,029
    edited April 2

    I would be delighted to boycott US goods, and I will try, but in due course how do I replace my Apple ecosystem, Microsoft software and the Cloud? Happy to be schooled on this. In the meanwhile, I will avoid the US banking and credit card system, their subscription entertainment offerings and anything else that comes to mind.
    There are some things which are difficult to avoid but I do expect a large boycott of US goods and travel

    As @RochdalePioneers says this is a disaster but an opportunity for the rest of the world to join together in a new security and trading arrangement leaving US on the outside looking on in disbelief
  • rottenboroughrottenborough Posts: 65,533

    ‪David Frum‬ ‪@davidfrum.bsky.social‬
    ·
    6m
    Good news: no need to worry about Trump stagflation

    Bad news: worry instead about Trump-caused global depression
  • eekeek Posts: 29,735

    I would be delighted to boycott US goods, and I will try, but in due course how do I replace my Apple ecosystem, Microsoft software and the Cloud? Happy to be schooled on this. In the meanwhile, I will avoid the US banking and credit card system, their subscription entertainment offerings and anything else that comes to mind.
    Visa and Mastercard are American - love to know who you avoid them..
  • rottenboroughrottenborough Posts: 65,533
    Trump: "I'm determined to test Adam Smith's theory that there is a lot of ruin in a nation."
  • CiceroCicero Posts: 3,400

    You said it:
    That is a description, as should be obvious from the farcical spectacle we are currently witnessing. Trump was freely elected, so "you broke it, you own it".
  • eekeek Posts: 29,735
    carnforth said:

    We should allow US cars to be imported without following european regulations. With an exemption for things which are too heavy/wide. US car regulations are different, but not generally weaker than ours - in fact in some ways they are stronger.
    It wouldn't make any difference - the simple fact is that America cars are crap relative to the other options...
  • RochdalePioneersRochdalePioneers Posts: 29,849

    I take it all the PBers who want a trade war have already done their bit by starting a personal consumer boycott ?

    So no more talking about a certain Netflix drama ?

    None of us want a trade war. But a trade war is what we have…
  • rottenboroughrottenborough Posts: 65,533

    ‪Duncan Weldon‬ ‪@duncanweldon.bsky.social‬
    ·
    11m
    The biggest tariff hike in about 80-90 years. Presented in the style of a low budget game show.
    Just absolutely insane.
  • another_richardanother_richard Posts: 27,523
    HYUFD said:

    It worked for China over the last few decades
    China has sold the consumer tat it produces to richer countries.

    Now which countries are going to buy consumer tat which has been made at American prices ?
  • rottenboroughrottenborough Posts: 65,533
    Boris said "fuck business".

    Trump replied, "how hard?"
  • AugustusCarp2AugustusCarp2 Posts: 308
    eek said:

    Visa and Mastercard are American - love to know who you avoid them..
    Good point, thanks. I will just have to use my Nat West Debit Card instead. It will be irritating, but no undue hardship.
  • solarflaresolarflare Posts: 3,928
    Scott_xP said:

    @ahecon.bsky.social‬

    Trump says he talked to Lee Iacocca about his tariff plan. Lee Iacocca has been deceased since 2019. #LiberationDay

    Well, maybe it was a seance.
  • MexicanpeteMexicanpete Posts: 31,298

    There are some things which are difficult to avoid but I do expect a large boycott of US goods and travel

    As @RochdalePioneers says this is a disaster but an opportunity for the rest of the world to join together in a new security and trading arrangement leaving US on the outside looking on in disbelief
    Burger King (who did Grand Metropolitan
    sell it to?) instead of McDonalds it is then.
  • rottenboroughrottenborough Posts: 65,533
    Scott_xP said:

    @ahecon.bsky.social‬

    Trump says he talked to Lee Iacocca about his tariff plan. Lee Iacocca has been deceased since 2019. #LiberationDay

    "Is Lee in the room with you now Donald?"
  • Big_G_NorthWalesBig_G_NorthWales Posts: 65,029

    Good point, thanks. I will just have to use my Nat West Debit Card instead. It will be irritating, but no undue hardship.
    It uses Mastercard !!!!
  • eekeek Posts: 29,735
    So the Switch 2 which should cost $449.99 is now going to cost $560 at the cheapest..
  • Big_G_NorthWalesBig_G_NorthWales Posts: 65,029

    Burger King (who did Grand Metropolitan
    sell it to?) instead of McDonalds it is then.
    The good thing is my wife and I do not like McDonald's
  • rottenboroughrottenborough Posts: 65,533

    ‪Phillips OBrien‬ ‪@phillipspobrien.bsky.social‬
    ·
    8m
    Listening to Trump, Europeans should get ready to cut the US out of all military procurement networks.
  • carnforthcarnforth Posts: 5,697

    Well, maybe it was a seance.
    By the way, Lee Iacocca's autobiography is amazing. Mostly about brokering a huge governement bailout, so not avowedly capatalist, but an excellent read.
  • StillWatersStillWaters Posts: 9,768

    Vaccinate? In Trump's USA? You are having a laugh aren't you?
    Products are made in Maine and owned by a US company…
  • dixiedeandixiedean Posts: 29,939
    Nice to see a politician following through on his promises.
  • AugustusCarp2AugustusCarp2 Posts: 308

    It uses Mastercard !!!!
    AAARRRGGGHHHH ! Is that so? Is everything in the banking system working on US architecture?
  • carnforthcarnforth Posts: 5,697
    dixiedean said:

    Nice to see a politician following through on his promises.

    Also follows through on his farts, rumour has it.
  • Big_G_NorthWalesBig_G_NorthWales Posts: 65,029

    AAARRRGGGHHHH ! Is that so? Is everything in the banking system working on US architecture?
    Sorry
  • eekeek Posts: 29,735


    ‪Phillips OBrien‬ ‪@phillipspobrien.bsky.social‬
    ·
    8m
    Listening to Trump, Europeans should get ready to cut the US out of all military procurement networks.

    +1 - the idea that we can trust the USA has disappeared over the past 2 months..

    The only thing that is remarkable is how quickly the world has completely changed.
  • NigelbNigelb Posts: 76,723


    ‪Duncan Weldon‬ ‪@duncanweldon.bsky.social‬
    ·
    11m
    The biggest tariff hike in about 80-90 years. Presented in the style of a low budget game show.
    Just absolutely insane.

    He's still doing The Apprentice. - but live, without the massive editing which imbued it with some sort of very basic logic.
  • carnforthcarnforth Posts: 5,697

    AAARRRGGGHHHH ! Is that so? Is everything in the banking system working on US architecture?
    We used to have indigeonous ones - Switch and Maestro. But not for a while.
  • HYUFDHYUFD Posts: 127,043

    China has sold the consumer tat it produces to richer countries.

    Now which countries are going to buy consumer tat which has been made at American prices ?
    Americans
  • Andy_JSAndy_JS Posts: 34,295
    edited April 2
    Tory MP for neighbouring seat to Runcorn & Helsby calls for Tories to stand back and allow Reform to win the seat.

    "Tories should let Reform win Runcorn by-election, says Esther McVey
    Former Cabinet minister proposes that Conservatives should ‘stay out the way’ of a victory for Nigel Farage’s party" (£)

    https://www.telegraph.co.uk/politics/2025/04/02/tories-let-reform-win-runcorn-byelection-esther-mcvey/
  • williamglennwilliamglenn Posts: 54,839


    ‪Phillips OBrien‬ ‪@phillipspobrien.bsky.social‬
    ·
    8m
    Listening to Trump, Europeans should get ready to cut the US out of all military procurement networks.

    These people live in a fantasy world.
  • scampi25scampi25 Posts: 99
    edited April 2
    I doubt outside the rarified atmosphere on here, there will be any boycott of US goods with exception of Teslas which are doomed throughout Europe.

    With luck a trade deal may be to reduce these further. I'm no fan of the government here but on this I think they've done quite well
  • Big_G_NorthWalesBig_G_NorthWales Posts: 65,029
    edited April 2
    Starmer confirms UK is in the friendly club and is seeking a trade deal to mitigate the tariffs
  • MortimerMortimer Posts: 14,188
    Trying to work out if de minimis ending ONLY applies to China, or to everywhere.....
  • Sunil_PrasannanSunil_Prasannan Posts: 53,662

    These people live in a fantasy world.
    Trump and co.? Yes, you're right!
  • CleitophonCleitophon Posts: 602
    dixiedean said:

    Nice to see a politician following through on his promises.

    Hitler also followed through on his promises... my point being that following through on promises is not in and of itself a criterion of quality
  • AugustusCarp2AugustusCarp2 Posts: 308
    scampi25 said:

    I doubt outside the rarified atmosphere on here, there will be any boycott of US goods with exception of Teslas which are doomed throughout Europe.

    Oh, I think the middle classes will boycott Californian wines.
  • RochdalePioneersRochdalePioneers Posts: 29,849

    AAARRRGGGHHHH ! Is that so? Is everything in the banking system working on US architecture?
    There is one remaining choice.

    C

    A

    S

    H

    If you don’t use cash you are supporting fascism or something. Swasticard. SWASTICARD!!!
  • numbertwelvenumbertwelve Posts: 7,302

    Starmer confirms UK is in the friendly club and is seeking a trade deal to mitigate the tariffs

    I know there’s realpolitik at play here, but seriously SKS, read the blimmin’ room.
  • Andy_JSAndy_JS Posts: 34,295
    edited April 2

    I know there’s realpolitik at play here, but seriously SKS, read the blimmin’ room.
    I think not reacting to Trump is the best policy for now, if that's what SKS is doing.
  • AugustusCarp2AugustusCarp2 Posts: 308

    There is one remaining choice.

    C

    A

    S

    H

    If you don’t use cash you are supporting fascism or something. Swasticard. SWASTICARD!!!
    (You're trying to start a fight with other people here, aren't you?)
  • PulpstarPulpstar Posts: 79,232
    Is the left hand side of Trump's chart (Tariffs on the USA) a lie ?
  • carnforthcarnforth Posts: 5,697
    Trump's two columns in his tariff diagram are doubly bullshit: aside from the general methodology, every country which has 10% in the right column has 10% in the left column.
  • Sunil_PrasannanSunil_Prasannan Posts: 53,662

    None of us want a trade war. But a trade war is what we have…
    [putting hands up] "Please! I like America!"
  • scampi25scampi25 Posts: 99

    Oh, I think the middle classes will boycott Californian wines.
    We'll see of course. PB is very m/c
  • StillWatersStillWaters Posts: 9,768

    Burger King (who did Grand Metropolitan

    sell it to?) instead of McDonalds it is then.
    The Brazilians
  • RattersRatters Posts: 1,300
    Look, I know it doesn't look like it tonight - but these tariffs announcements are good news in the long-run. Good for the US and for the world.

    Why? Because Trump is setting fire to the US economy. This will significantly weaken him politically and hamper his ability to irrevocably undermine democracy and the rule of law in America.

    His economic policy is so batshit insane - positively Truss-ian - that it will weaken him in the medium-term. The institutions of the US are more important to us than the impact of (relatively) short-term tariffs.
  • kamskikamski Posts: 6,322
    eek said:

    Visa and Mastercard are American - love to know who you avoid them..
    CASH!
  • StillWatersStillWaters Posts: 9,768

    AAARRRGGGHHHH ! Is that so? Is everything in the banking system working
    on US architecture?
    CHAPS, BACS and FP are UK
  • NigelbNigelb Posts: 76,723
    The Japanese ambassador is good value.

    Enjoying pub🍺😄!!!
    https://x.com/AmbJapanUK/status/1906105644169544102
This discussion has been closed.