While Britain has received the lowest rate of tariffs the US has dished out, it’s still produced a 417 page document of potential US products to hit.

I suspect it will be used as a negotiating chip. Britain has the best of both worlds here, we can negotiate with the Washington, but then the EU is our biggest trade partner and long term we might undo some of the Brexit pains standing by Europe. And of course we know China and Russia would love to buy our steel produce if the yanks don’t.

It’s not perfect but the pound has only seen recoverable loses today and we have options. We’re probably the only affected country not shitting ourselves.

This page is a permanent link to the reply below and its nested replies. See all post replies »

ElwoodBlues · M

The US has a positive balance of trade with the UK & Australia, yet Tяump hit them with 10% tariffs. MAKES NO SENSE!!

SunshineGirl · 36-40, F

@ElwoodBlues It seems that the strange algorithm employed to calculate the tariffs can't go below 10% (probably to make the maths easier for Trump's "economists"), so this is the baseline for many countries . . including the Heard and McDonald Isles, an archipelago lying 2,485 miles south-west of Australia and inhabited solely by penguins 🐧

BrandNewMan · M

@ElwoodBlues Free trade doesn't involve one partner w higher tariffs vs the other .. if the other markets have any sense things will get renegotiated and a more fair and balanced outcome achieved

ElwoodBlues · M

@BrandNewMan says

if the other markets have any sense things will get renegotiated and a more fair and balanced outcome achieved

Global tariffs generally protect a few domestic industries. NOT like Tяump's tariffs