Potus ???

[GarethM]

3 minutes ago, Steven P said:

 

That's not my point, aware of restrictions of who can manufacture what and were.

 

Point being why are you accepting potential tariffs on Mexican goods (I know they've been dropped, but you understand the example), and yet don't appear to be accepting tariffs on UK manufactured goods... surely that tool is to get US manufacturing industry manufacturing more? It is either going to work... for all sectors...or it is not.

Because certain industries will never be USA manufacturered, mostly because it's a cottage industry specialism that even when you buy the company it can't be moved.

 

The UK is pretty open, the EU are a protectionist block.

 

What was it tanks the other year, we were forced to build them using Spanish steel even though they were being built in Wales.

[GarethM]

6 minutes ago, Steven P said:

Hypothetical at the moment, I am not going to be convinced. Maybe have to look back a few years time to see what happens.

Do you know John Deere made like 10% of it's profit from software fees.

Edited 17 hours ago by GarethM

[Steven P]

Will their software be imported from Mexico or sent out from within the US and so not subjected to tariffs?

[GarethM]

1 minute ago, Steven P said:

Will their software be imported from Mexico or sent out from within the US and so not subjected to tariffs?

Why not ask Microsoft, Google and others how they use their sweetheart tax arrangement with Ireland.

 

Plus seeing that most things are actually hosted on Google/Amazon AWS were probably was past that point of debate as it's all in the cloud and not physical media for decades.

[Stere]

On the subjest of taxes/VAT and tariffs how about the new UK free ports eco zones im wondering will they actually come to much?

 

I don't think Holyhead Island for example is gonna transform into HongKong....but the hope seems to be they will attract some investments& jobs......

 

 

 

 

 

 

 

 

[Stere]

Tarrifs dropped for now anyway since both Mexico & Canada seem to have  bent over for Trump & given in to his demands...a win for Trump?

 

https://www.washingtonpost.com/world/2025/02/03/mexico-tariff-retaliation-trump/

 

Im not sure that it will be very effective in stopping fentanyl, probably just be  a waste of money....

 

Next, will China will back down in a similar fashion?

 

I doubt it....

 

 

 

 

[GarethM]

17 minutes ago, Stere said:

On the subjest of taxes/VAT and tariffs how about the new UK free ports eco zones im wondering will they actually come to much?

 

I don't think Holyhead Island for example is gonna transform into HongKong....but the hope seems to be they will attract some investments& jobs......

Personally I just see it as a government backed Ponzi scheme to close old industrial estates, convert to apartment housing and build new industrial estates on new land.

 

That's what they're trying to achieve with united and Trafford park.

 

Plus with energy prices, the only industry that will thrive is digital, actual engineering is space and energy intensive.

 

Digital might be good money but that's more flash in the pan profits short-term.

[Steven P]

25 minutes ago, Stere said:

Tarrifs dropped for now anyway since both Mexico & Canada seem to have  bent over for Trump & given in to his demands...a win for Trump?

 

https://www.washingtonpost.com/world/2025/02/03/mexico-tariff-retaliation-trump/

 

Im not sure that it will be very effective in stopping fentanyl, probably just be  a waste of money....

 

Next, will China will back down in a similar fashion?

 

I doubt it....

 

We probably read different slants on the news. Canada didn't roll over, they cancelled a starlink project and stuck signs in all the shops "buy Canadian" while removing US products... and Trump paused the tariffs with no gain for himself.

 

Mexico just confirmed 10,000 troops will be sent - as agreed with the Biden administration and the tariffs were dropped. Not really bending over, but he got the publicity out of it?

[Steven P]

1 hour ago, GarethM said:

Why not ask Microsoft, Google and others how they use their sweetheart tax arrangement with Ireland.

 

Plus seeing that most things are actually hosted on Google/Amazon AWS were probably was past that point of debate as it's all in the cloud and not physical media for decades.

 

But Ireland isn't imposing tariffs on imports to the US are they?

[GarethM]

5 minutes ago, Steven P said:

But Ireland isn't imposing tariffs on imports to the US are they?

Go have a look at how digital tax works for those companies, it makes IKEA look simple.

 

Effectively they pay on profits and use trademark and fees to pretty much achieve zero tax.