That Tariff Thing

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.

16 comments

  1. Isn’t the underlying theme of all this tariff stuff meant to bring all the jobs back to the US?

    If this is so, why would anyone think this is a bad thing?

    1. …because the boards of many US corps are morally and intellectually incapable of dealing with a workforce of free individuals.
      Wachet, betet, and hum along.
      .

    2. Because it will not do that.

      It is nonsense economics. Look at all the countries with high tariffs, they are pooerer than us. Why would you copy something that self evidently does not work.

  2. Nick Freitas from Virginia had a great video or podcast on tariffs. He covered the subject very well without getting into the weeds.

    In this case, the goal of Trump’s tariffs is to illustrate the tariffs that other countries have on American products and to drag the other countries to the negotiating table to reduce tariffs on American made products. Generally they are working despite some short term temper tantrums from the Snow Mexicans and the Mexicans.

    The status quo before Trump’s tariffs surely isn’t working so it’s about time we try something different.

      1. But you’ll notice we Snow Mexicans are not on the list. I hope that’s because our Alberta Premier Danielle Smith went to the US to tell you Yanks that Canada is actually a net importer of manufactured goods from the USA.

        The American trade deficit with Canada comes from the vast amount of oil you buy from Alberta and Saskatchewan. That will end after “Drill Bay, Drill!” goes ahead.

        Even so Canada should be on the list because of of the chickenshit stuff we pull, like 300% tariffs on cheese. Nearly all of the chickenshit done screws us internally as well because it’s done to protect the incompetent, socialist, lazy, pond scum Frogs of Quebec.

        How the hell did you lot civilize Louisiana? Or did you?

  3. Anybody of age remembers back when most small towns had multiple mom-n-pop shops, small department stores, and various 5-n-dime stores. Now? All we got is Wal-Mart and Dollar General, everything else was run out of business since they were unable to compete with cheap Chinese crap and big chain stores undercutting their prices. This is a much needed correction, 50 years too late.

    This on top of all the BIG industry we lost too. Take the lumps, correct the market, and watch America come back into its own. Maybe. Or maybe it’s too little, too late. But yeah, it is the first real attempt to fix things in my lifetime.

    1. The problem with restoring an American industrial base will be a scarcity of knowledgeable and trainable workers. The Left has produced two generations of illiterate, innumerate, untrainable, unemployable yet entitled drones, whose highest function will be fry cook at a burger joint, IF you can get them to show up for work. The road back, which we must travel to avoid a future as just a bigger than most shithole, will be long and painful.
      I hope America has the stomach for it, but I’m doubtful, because on average, we’re soft, ignorant and spoiled.

  4. The best explanation of the program and its desired goals is on the All in Podcast with Howard Lutnick as guest. They do a good job of digging into it and what they expect to end up with as a total program.

  5. Whistling past the graveyard. If these tariffs are around any length of time, they will make virtually everything more expensive. That includes stuff made entirely in the US. Indeed, that is entirely the point.

    If you increase demand, price goes up. That is how economics work.

    BTW – we are the 2nd largest exporter in the world, this will hurt us there too. This is lose/lose for all but a very small percentage of us.

    (Don’t whine about manufacturing, I work in manufacturing/NPD and have for 30 years. I am just telling it as it is.)

  6. Based on careful reading of the various articles about this on the Net, I have concluded….the Bretton Woods Accord of 1944 was the First step to the NWO wherein the Illuminati would take over the world.
    Removing the US from the gold standard and introducing the IMF and the World Bank was done to start taking power from the US. This was accelerated with gradually moving manufacturing off shore of the US via labor and environmental laws and went full speed with China given most favored nati9n status and all the light manufacturing moving there.
    The tariffs being imposed by Trump are the past gasp of the white racist sexist oligarchs who run the Us to stop the new world order from justly taking back what the US has stolen and freeing the brown people and the oppressed sexual freedomites from Christianist oppression and persecution.
    Tariffs other countries have imposed on the US? Why those are just and neccessary measures to protect themselves from the aforementioned Americans.
    Understand now you knuckle dragging troglydyte?

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