Ignoring any sensationalism from the Daily Mail (like ignoring rapaciousness from the IRS), I see that Britishland faces a 10% tariff hike.
Which, using Kim’s patented Law Of Ten Method, means nothing. (The corollary to said law, when applied to budgeting, says that you can always take 10% off anything without much or indeed any problem. This is true of a household or corporate budget.) Remember too that tariffs are not applied to the retail sale price — i.e. what you pay for them — but to the cost of goods in the home country. Even so, I expect that U.S. retailers will eat some of any wholesale price increases, so the retail cost of goods to the consumer will not be that onerous. Especially after we’ve just gone through Bidenflation. [25,000-word rant on that topic deleted]
I see this, with amusement:
The UK currently exports around £60billion worth of goods to the US.
Almost all of these goods will now be taxed 10% to send them to the US, making it more expensive.
Within this £60billion, British cars make up just over £6billion of the exports. Trump last night announced a 25% tariff on all imported cars, again making it more expensive, and less attractive, to buy UK-made motors.
So those Rolls Royces, Bentleys and NuJaguar Duracell cars are going to cost more (not the full 25%, as I expect that the manufacturers thereof will eat at least part if not most of the tariff). Somehow, I’m pretty sure that the Murkin buyers (plutocrat scum) of said luxury items will not be driven away by what is not a significant price increase.
Doubtless, my post-lottery Eagle E-type will cost more:
…but I’m pretty sure the lottery winnings would absorb the hit with little notice. [/snark]
As for companies like AstraZeneca (the Covid guys) with their ~5,000% profit margins, my heart bleeds custard, the chiseling scum.
The Euros (20%), on the other hand, may have a harder time of it, and the Chinese (34%) harder still. Whatever. Peruse the table below, and feel free to comment about any of the countries that you may know about.
The Balkans are not listed, but I’ll be curious to see what if anything happens to the price of, say, Prvi Partizan ammo.
Finally, just remember that the United States is the world’s largest market for just about everything made in that world, so if prices rise too high, Americans will just stop buying that imported shit. Which suits me just fine. I’d like to see a whole bunch of textile mills, for example, re-open in places like Mississippi, who could sure use the jobs that they lost to the cheaper sweatshops in Asia in not-so-long-ago times, when the Finance assholes moved their operations abroad.
Interesting times.