But it also makes our exports more expensive in the US, and as tariffs are less than 100%, we lose overall from a stronger currency. Anyway, don't forget the one golden rule - markets always overshoo… (View Post)
This from someone who highlighted every tiny little issue with us leaving the EU as the end of civilisation. Still waiting for those 5 million unemployed by the way. (View Post)
Assuming that's a serious question, rather a lot - 2024 numbers: Mineral fuels, oils, distillation products $320.14B Machinery, $252.43B Electrical, electronic equipment $213.92B Vehicles other than … (View Post)
Famously (well, famously amongst those of us who have spent too many years negotiating on trade policy in Brussels anyway), the French tried to claim, after intensive lobbying from Danone, that yoghu… (View Post)
Because economic theory allows for tariffs in certain limited circumstances. When you are protecting infant industries (which America's aren't), when there are industries crucial to non-economic purp… (View Post)