Attention: Please take a moment to consider our terms and conditions before posting.
Savings and Investments thread
Comments
-
The gutless sycophants in Congress need to take action. It's blindingly obvious how foolish this policy is but it seems loyalty to Trump comes first?Friend Or Defoe said:Rand Paul has just called the tariffs "a terrible mistake" in the Senate. Surely we're getting closer to them being reversed.
The US needs to decide if it wants to remain a functioning democracy or if it would rather hand over power to an authoritarian leader.
I don't understand what is going on over there. It's like a slow motion car crash.
Trump has done a massive amount of damage already to the world view of the USA.4 -
I don't know which one of us is right but the outcome for both is a disaster. Your take being even worse than mine!Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it0 -
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it
2 -
4 -
They won’t get reversed unless Trump can spin that he’s responsible for getting a better deal etc.Friend Or Defoe said:Rand Paul has just called the tariffs "a terrible mistake" in the Senate. Surely we're getting closer to them being reversed.
2 -
Ahhhhh I missed that!TelMc32 said:
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it0 -
If the US constitution was working as intended Congress would assert its power.The Red Robin said:
They won’t get reversed unless Trump can spin that he’s responsible for getting a better deal etc.Friend Or Defoe said:Rand Paul has just called the tariffs "a terrible mistake" in the Senate. Surely we're getting closer to them being reversed.
Does the US want an unchecked authoritarian leader or a functioning democracy?
Trump has made a power grab - we live with the consequences.3 -
China have just re retaliated and are putting 84% tariffs on USA. Who knows what happens next...0
-
Paid £195 into the pension of a new job last month, its already £20 down lol. Luckily I wont be using it for another 2 decades.0
-
I doubt even Trump knows what he will do next. No discernible plan so far but you can be guaranteed an idiotic knee jerk reaction supported by the sycophants surrounding him.Huskaris said:China have just re retaliated and are putting 84% tariffs on USA. Who knows what happens next...
I don't see how he can be left in power but to be fair nothing makes sense at present. All seems unbelievable...1 - Sponsored links:
-
The cynic in me thinks Congress wants to maintain the illusion of its power. Turning on Trump risks showing how impotent they really are in this new world order.0
-
Congress has given up at present and I actually wonder if the US has given up on democracy? Trump wants to be an autocratic leader and is making good progress so far.SantaClaus said:The cynic in me thinks Congress wants to maintain the illusion of its power. Turning on Trump risks showing how impotent they really are in this new world order.1 -
The FTSE100 immediately fell 90 points (over 1%) along with other European markets. Currently down 3.6% and 11.4% over the past 5 days !Huskaris said:China have just re retaliated and are putting 84% tariffs on USA. Who knows what happens next.0 -
Interesting "rumour" doing the rounds as reported on the BBC. Trump wants to get rid of the high debt repayments that the US are paying on their Treasury Bills (Gilts in the UK).....a lot are owned by China. He is "offering" to swap them for very long term ones (100 years) with a coupon of 0%. This would be seen as a default by the credit reference agencies so not likely imo.
But is bringing people to the table to discuss their individual tariffs and debt repayment strategy.1 -
A recession.Huskaris said:China have just re retaliated and are putting 84% tariffs on USA. Who knows what happens next...2 -
China should tell him to do one. Hope they do, like Canada. Ignore the orange bully.2
-
He will lie about any deals just as he does with everything else. I use Grok on X to find the truth about his claims, they are almost without exception found to be false.The Red Robin said:
They won’t get reversed unless Trump can spin that he’s responsible for getting a better deal etc.Friend Or Defoe said:Rand Paul has just called the tariffs "a terrible mistake" in the Senate. Surely we're getting closer to them being reversed.2 -
I wonder if the UK will be ‘used’ to show a trade deal being agreed so the domino effect of others can be (seen) to kick in or if we are still poles apart?1
-
The 30 year gilt yield that went on the climb when Truss did her thing and never really recovered again is on some rise again this week!!0
-
Japan ($1tn) China (c.$700bn) and the UK (c.$700bn) are the three largest foreign holders of US debt. It’s going to have to be some deal to make it worthwhile and can’t see how a zero coupon is anywhere near that.golfaddick said:Interesting "rumour" doing the rounds as reported on the BBC. Trump wants to get rid of the high debt repayments that the US are paying on their Treasury Bills (Gilts in the UK).....a lot are owned by China. He is "offering" to swap them for very long term ones (100 years) with a coupon of 0%. This would be seen as a default by the credit reference agencies so not likely imo.
But is bringing people to the table to discuss their individual tariffs and debt repayment strategy.0 - Sponsored links:
-
Given up, cowed in fear, kompromised, bought off or true believers. I doubt there's many that don't fall into at least one of those groupings.hoof_it_up_to_benty said:
Congress has given up at present and I actually wonder if the US has given up on democracy? Trump wants to be an autocratic leader and is making good progress so far.SantaClaus said:The cynic in me thinks Congress wants to maintain the illusion of its power. Turning on Trump risks showing how impotent they really are in this new world order.0 -
If Biden were doing this they’d be saying the man’s unwell and unfit to govern.His own party need to turn on him to hasten a change in this policy.7
-
US is going to end up the same as Trump’s venture into the casino world. Bankrupt.2
-
A lot of countries may be looking at what they import from America and start seeking alternatives?1
-
I'm almost certain they're already doing just that.iaitch said:A lot of countries may be looking at what they import from America and start seeking alternatives?3 -
Maybe for goods in transit. But it is never that simple. Companies have contracts in place for many months ahead. Consumer products companies, in particular, have their own factories overseas, and changing supply chains doesn't happen overnight.TelMc32 said:
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it1 -
Then they're going to take it in the shorts. Just pass the costs on to the magahats who will love sticking it to all those evil foreigners by paying the tari....ohredman said:
Maybe for goods in transit. But it is never that simple. Companies have contracts in place for many months ahead. Consumer products companies, in particular, have their own factories overseas, and changing supply chains doesn't happen overnight.TelMc32 said:
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it2 -
I was repsonding to a “goods in transit” question specifically, but yes you’re correct. Donny has just more than doubled the cost of his Chinese Red MAGA baseball caps, but I’m sure his deluded fan base will still believe he’s a bigly genius 🤦🏻♂️redman said:
Maybe for goods in transit. But it is never that simple. Companies have contracts in place for many months ahead. Consumer products companies, in particular, have their own factories overseas, and changing supply chains doesn't happen overnight.TelMc32 said:
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it0 -
A lot of people on here, in social media and comments in FT etc are stating that this needs to stop, and soon. But who's going to stop it?!valleynick66 said:If Biden were doing this they’d be saying the man’s unwell and unfit to govern.His own party need to turn on him to hasten a change in this policy.
First off, there is no plan! If there was then there would be contingencies and reviews. Seriously smart people have attempted to infer a strategy from that which they observe, but the "tariff computations" including application to penguins kinda let the cat out of the bag! As Cruyff stated, "before I make a mistake, I don't make that mistake"
Second there are mid-terms in 18 months but serious campaigning won't start until early 2026. One Republican stated the other day that things need resolving by then.
Then there's the bond markets becoming incredibly volatile so perhaps the Fed will intervene? But why should they save Trump and his backers from this chaotic path?! One thing's certain and this is that large investors (including China) might swerve treasury Tbill auctions.
And finally, what might the Senate & Congress do? What will it take for enough senators to join with the Dems so as to halt proceedings? Many used to ask the same question of Tories backing Johnson before the last election and the answer was clear in that they preferred power to stopping the train wreck!
Some have suggested that the President shouldn't have the power to set tariffs, but only Senate or the Supreme Court can determine that, and we've all seen how the Court has been stacked of late.
On the one hand it's an interesting study of how far Trump can progress. But this doesn't just affect our funds invested in equities... no, it will impact global GDP, interest rates, liquidity. In other words a one man 2008 Crash / pandemic!
Perhaps things need to get worse before an intervention path becomes clear? But for now individuals, corporates and nations can divest of US investments, business involvement and security arrangements.
One thing we might learn, if we didn't know already, is that Gove's populist quote about "people having had enough of experts" was only the start of this decline into populism. He and now Trump lean into people's lived experience.
However Brexit has brought no tangible benefits, and re-shoring jobs back to the US will take 3-5 years in terms of planning and delivering plant. It's the US consumer's experience in Walmart which will be telling given that 60% of the goods on the shelves come from China, Vietnam and India.
The US electorate can't stop Trump this year, but a significant % have already voiced their disquiet.8 -
But but but Trump said yesterday that they had already taken in Billions......Billions (yes, he said it twice) in revenue since he started this mad experiment last week.TelMc32 said:
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).Huskaris said:
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.Friend Or Defoe said:
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.Huskaris said:Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it
Surely he's not fibbing is he ??5
