Tariffs Catch-All

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BlueSmoke said:
Trade surplus, and I think their tariffs were only 1% before all this.
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I doubt that after Brexit. I actually don't know whether the UK decided to keep EU level tariffs, or raised them again because their trade agreements are all expired.

Talking about "tariff levels" is a bit silly and the media coverage has indulged it. When we say 1%, we mean on average because tariffs on goods are extremely inconsistent. That 1% can be subject to a lot of fudging. If you divide trade by tariff paid, you can get a tariff rate -- but that's not the tariff at the margin. It's not necessarily what any good is tariffed.
 
Calheel said:
I thought I sufficiently qualified my explanation, but perhaps not. I was limiting my point to a simple mathematical matter -- and not considering anything else -- the trade deficit is subtracted from GDP

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www.bea.gov
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The only reason imports are subtracted from GDP is because those imports should show up as positive contributions for business investment (including inventory) and consumption.

It literally is subtracted because imports should not add to GDP so they have to subtract it out since it appears elsewhere - assuming the numbers for all are reliable.

So from a pure math perspective imports should have no impact.

Now you could argue that imports reduce consumption of American made products but that is a more nuanced second order argument.
 
www.theguardian.com

Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiation | Gaby Hinsliff

There will be relief for UK carmakers but not much else to celebrate: Trump’s whims still hang over the UK – and the world – economy, says Guardian columnist Gaby Hinsliff
www.theguardian.com www.theguardian.com

'Once again, Starmer insisted, Britain and the US were “standing side by side”. Well, as side by side as it’s possible to be when one of you is in the Oval Office graciously removing your foot from the neck of the other one, who is listening anxiously in via video link while the new ambassador, Peter Mandelson, hovers oleaginously at the president’s shoulder. '
 
altmin said:
www.theguardian.com

Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiation | Gaby Hinsliff

There will be relief for UK carmakers but not much else to celebrate: Trump’s whims still hang over the UK – and the world – economy, says Guardian columnist Gaby Hinsliff
www.theguardian.com www.theguardian.com

'Once again, Starmer insisted, Britain and the US were “standing side by side”. Well, as side by side as it’s possible to be when one of you is in the Oval Office graciously removing your foot from the neck of the other one, who is listening anxiously in via video link while the new ambassador, Peter Mandelson, hovers oleaginously at the president’s shoulder. '
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Thanks for the link … pretty spot on critique/commentary.
 
globalnews.ca

Blue Jays fans send ‘a message’ with their money and boycott Seattle games - BC | Globalnews.ca

On Tuesday, Denny Heck, the lieutenant-governor of Washington, said his office had received information that reservations for the weekend were down by half.
globalnews.ca globalnews.ca

This weekend the Canadian invasion of Seattle by Toronto Blue Jays fans looks like it might be different than previous years.

Blue Jays superfan Arthur Gallant went to a game between his team and the Seattle Mariners last summer and intended to return for the three-game set this weekend.

However, when U.S. President Donald Trump started his 51st state rhetoric about Canada, Gallant said it didn’t feel right to cross the border.

“I have to put my country over my team and really send a message with my money,” he told Global News.

“It’s not personal, it’s not about the city themselves.

Data provided by the Whatcom Council of Governments comparing the number of B.C. licence plates crossing the border into Washington State found that in April 2024, 200,853 vehicles crossed, compared to 98,576 in April 2025.

As of Thursday afternoon, hundreds of tickets are still available for all three Blue Jays games in Seattle this weekend.
 
IMG_6898.jpeg

Yesterday Trump claimed he was not open to lowering the tariff on China to kick-start trade talks.
 
Hilarious that Trump thinks lowering the tariff to 80% is going to make a goddamn difference. Wasn't it originally about 80% before Trump decided to retaliate against the retaliation?

Here's what I don't get. Trump has been steadfastly in favor of tariffs for a very long time. It's not opportunism. But really he should like what tariffs bring. Has nobody explained to him a fundamental dynamic of international trade, as adapted to his sensibility?

Asian people endure long hours in sweatshops to make stuff for us to consume. They do all the work; and we get affordable clothes and shoes.

How is that not incredibly appealing to Trump? It's basically his life ethos.
 
altmin said:
globalnews.ca

Blue Jays fans send ‘a message’ with their money and boycott Seattle games - BC | Globalnews.ca

On Tuesday, Denny Heck, the lieutenant-governor of Washington, said his office had received information that reservations for the weekend were down by half.
globalnews.ca globalnews.ca

This weekend the Canadian invasion of Seattle by Toronto Blue Jays fans looks like it might be different than previous years.

Blue Jays superfan Arthur Gallant went to a game between his team and the Seattle Mariners last summer and intended to return for the three-game set this weekend.

However, when U.S. President Donald Trump started his 51st state rhetoric about Canada, Gallant said it didn’t feel right to cross the border.

“I have to put my country over my team and really send a message with my money,” he told Global News.

“It’s not personal, it’s not about the city themselves.

Data provided by the Whatcom Council of Governments comparing the number of B.C. licence plates crossing the border into Washington State found that in April 2024, 200,853 vehicles crossed, compared to 98,576 in April 2025.

As of Thursday afternoon, hundreds of tickets are still available for all three Blue Jays games in Seattle this weekend.
Click to expand...
I wonder if this will keep Jays fans at home when they play in Cleveland this year? Jays fans were the most obnoxious of all visiting fans over the years. Cleveland is the closest MLB city to Toronto and they would come by the chartered busloads for a three game series. They were very nice and friendly when encountered in the bars and restaurants but were worse than Yankees or Red Sox fans when they showed up in the ballpark. During 12 years as Indians/Guardians season ticket holders we eventually learned to sell our tickets for the Blue Jays games.
 
superrific said:
Hilarious that Trump thinks lowering the tariff to 80% is going to make a goddamn difference. Wasn't it originally about 80% before Trump decided to retaliate against the retaliation?

Here's what I don't get. Trump has been steadfastly in favor of tariffs for a very long time. It's not opportunism. But really he should like what tariffs bring. Has nobody explained to him a fundamental dynamic of international trade, as adapted to his sensibility?

Asian people endure long hours in sweatshops to make stuff for us to consume. They do all the work; and we get affordable clothes and shoes.

How is that not incredibly appealing to Trump? It's basically his life ethos.
Click to expand...
Or is he?

 
www.theguardian.com

US-UK trade deal imposes conditions on ownership of British steel plants

Trump administration understood to have pushed for requirements to be attached to deal in effort to freeze out Chinese steel
www.theguardian.com www.theguardian.com

The US deal on steel tariffs imposes conditions on the “nature of ownership” of British plants as part of its efforts to freeze out Chinese steel, it has emerged.

It is understood Donald Trump’s administration pushed for requirements to be attached to the steel deal to ensure that the Chinese-owned British Steel plant in Scunthorpe was not used by Beijing as a backdoor to circumvent US tariffs.


Government sources say Washington is understood to be reassured that Scunthorpe is now in effect controlled by Jonathan Reynolds, the business secretary, and is likely not to come back under the direction of Jingye Group, its Chinese owners.

However, before the UK government took steps to seize control of British Steel last month the US had been concerned that the Scunthorpe plant could have been used as a base for processing Chinese steel to take advantage of lower tariffs.
 
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