The US-UK trade "deal" today was nowhere near a major reduction in Trump's massive trade war—accounting for the partial exemption for UK cars, the exemption for British steel/aluminum, and the exemption for British airplane parts, overall US tariff rates only fell a total of 0.06% - ThreadSky

josephpolitano.bsky.social • 3 days ago

The US-UK trade "deal" today was nowhere near a major reduction in Trump's massive trade war—accounting for the partial exemption for UK cars, the exemption for British steel/aluminum, and the exemption for British airplane parts, overall US tariff rates only fell a total of 0.06%

Comments

richardlaya.bsky.social•3 days ago

So it is a reduction of six one-hundredths of one percent? Wow, he is desperate to show something positive. The Chinese must be hysterically rolling on the floor. What a clown. 🤡

gr8statsbatman.bsky.social•3 days ago

I didn't know the UK was so weak to allow themselves to be used as a prop like this. Churchill must be turning in his grave.

cjmiller124.bsky.social•3 days ago

Brexit significantly weakened their trading options.

somearelakes.bsky.social•3 days ago

market reacts to a 1px reduction in tariffs

kajo503.bsky.social•3 days ago

We haven't hit the bad part yet. When the supply chain dries up.

Jabbing the stock market with a crypto and tariff manipulation every week isn't a "strong economy."

wietse111.bsky.social•3 days ago

Is that on total tariffs or on British tariffs? And is it a decline in percentage, or in percentage points?

tommylavin.bsky.social•3 days ago

Yeah, they are touting this as some major victory, but it isn't shit. We're still way worse off than before Trump started his trade war, and this won't help the US economy. Especially for the average person. Nothing really changed.

highonsupply.bsky.social•3 days ago

May I reference this with attribution and links on an upcoming post?

esitrot.bsky.social•3 days ago

like to see the S&P or DOW stock market graph in line with this.

freerangestats.info•3 days ago

This is a great chart. Must have a lot of detailed work gone into it tracking all the country-product combinations for rates.

windycitylensman.bsky.social•3 days ago

I think the word you're looking for is...MEASLY.

andersschroder.bsky.social•3 days ago

No worries, the UK has unlimited access to markets in Eur.. oh...

ncrios.bsky.social•2 days ago

US should never impose a single tariff on any country because it is totally stupid and reckless! Tariffs should be carefully tailored to specific materials, components, technologies etc. Imposing single tariffs will definitely kill US manufacturing industries across the board!

icefire9atla.bsky.social•3 days ago

What % of our imports from the UK is this? Not much, right?

josephpolitano.bsky.social•3 days ago

It’s about 21% of UK imports that got some kind of relief (waiting for final details)

redhathatredhat.bsky.social•3 days ago

lucastosborne.bsky.social•3 days ago

📌

westernbirding.com•3 days ago

Oh this market really wants to go boom. He announces any tariff relief on China, we are going to have a meltup this summer. 🍿🍿🍿 Then bust, just in time for the mid-terms lol

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