Trump tariffs live updates: President announces 10% universal tariff
Trump tariffs live updates: President announces 10% universal tariff
www.bbc.co.uk
Major US stocks see biggest losses since 2020 after Trump's tariffs announcement
Ministers hope this announcement is a reasonable basis for carrying on with negotiations over a trade deal that could lead to them falling or being dropped entirely.
Personally I'd like it if ministers showed some backbone.
What would that entail?
Personally, not having the Digital Service Tax on the table - Big Web should be paying more, not less, and tax breaks for billionaires looks bad when you are cutting money to the old and disabled.
Even some small word saying something better than 'it could have been worse'. It really cements how pathetic our country has become.
This is all my knee jerk reaction however. I'll l probably say something more sensible tomorrow.
I also concede that we have no other choice. We shot ourselves in the foot with Brexit thinking the US might be reliable and now look where we are.
I'm just annoyed at our whole ridiculous situation right now.
A guess. But it seems likely trumps change from threatening indevidual nations. To attacking all imports equally. Was the result of some nations backbone so to speak.
It sounds like an attempt to stick to his claims it for the US. While still creating a form of national sales tax.
But its worth remembering. 10% is not going to effect the reasons companies build outside the US. So will not have much effect on increasing US over foreign sales.
So will not do anything but increase costs to his voters.
Lets not cut the rope he is wrapping round his neck.