Tariffs arround the world an interesting view

Mr Bump

Mr Bump

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So with all the talk of tariffs lately i read an interesting article on the BBC and it throws a slightly different spin on things
what i actually didn't know was how high certain very large countries have there import tariffs set.
Actually when all averaged out the USA has some of the lowest out there.

www.bbc.com

Trump tariffs: The US firms welcoming the fight on trade

Businesses think Trump is right about unfair trade. But are the US President's reciprocal tariffs the answer?
www.bbc.com www.bbc.com

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I read somewhere that India has a 100% Tarif on imported American motorcycles.
 
The Trump administration have stated that the the EU (including UK) apply 20% tax on US imports. They fail to recognise that VAT is a sales tax not a tariff as it is equally applied to home goods as well so does NOT disadvantage imports. Clearly, America used to stand for free trade but no longer does so. These large tariffs damage world trade please only a few selfish Americans.

Dave
 
Dave Canon said:
The Trump administration have stated that the the EU (including UK) apply 20% tax on US imports. They fail to recognise that VAT is a sales tax not a tariff as it is equally applied to home goods as well so does NOT disadvantage imports. Clearly, America used to stand for free trade but no longer does so. These large tariffs damage world trade please only a few selfish Americans.

Dave
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That would be lost on Trump and even if someone pointed it out to him he'd ignore it because it suits his narrative.
 
Norkie said:
I read somewhere that India has a 100% Tarif on imported American motorcycles.
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yep i have a friend in Delhi who i do visit every few years and India has a massive own brand motorcycle industry
they are absolutely hyper focused on fuel economy to the point all billboards and advertising all about miles per litre
 
Woah well that's the apple cart in pieces Trump throws the UK a bone random.
China gets reamed, expected, EU gets 20% completely expected.
 
The BBC view that China might be looking positively at all this is, I think, not far off the mark. Xi needs domestic consumption to increase so as to boost the economy, and whilst the tariffs will work against that and exports, it will boost domestic consumption of domestic production. BYD instead of Tesla. It will likely boost the value of the Yuan and help it to become a stronger trade currency in place of the dollar in some markets. European car makers will need to focus on sales to Chinese consumers particularly instead of American.
I can't for the life of me understand why Trump and the GOP can't see that EU/Jap/Korean cars are way way better quality and suitability for their markets than those rubbish American cars. American cars are generally poorly made, too big, too expensive in fuel and except for very few utterly undesirable.
 
lindsay said:
The BBC view that China might be looking positively at all this is, I think, not far off the mark. Xi needs domestic consumption to increase so as to boost the economy, and whilst the tariffs will work against that and exports, it will boost domestic consumption of domestic production. BYD instead of Tesla. It will likely boost the value of the Yuan and help it to become a stronger trade currency in place of the dollar in some markets. European car makers will need to focus on sales to Chinese consumers particularly instead of American.
I can't for the life of me understand why Trump and the GOP can't see that EU/Jap/Korean cars are way way better quality and suitability for their markets than those rubbish American cars. American cars are generally poorly made, too big, too expensive in fuel and except for very few utterly undesirable.
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i mean this is exactly what it is about
USA makes great weapons sells a lot of them
makes some good tech as well but everything else is rubbish that most of the world doesnt buy
 
I wonder if they put a 10% tariff on Israel, like everyone else, or do they have special status as they get so many weapons?
 
lindsay said:
I wonder if they put a 10% tariff on Israel, like everyone else, or do they have special status as they get so many weapons?
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Yes..tariffs were imposed but 17%. I heard about this on LBC and have just checked.

www.jpost.com

Israeli officials, businesses react to Donald Trump's trade tariffs | The Jerusalem Post

Officials said they were convinced that Israel's decision to cancel Israeli tariffs on US imports would prevent US tariffs on Israel.
www.jpost.com www.jpost.com

"Israeli economic officials expressed shock overnight Wednesday at the Trump administration's decision to impose a 17% tariff on Israel calling the decision, "unjustified."
 
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the NASDAQ was down around 5.5% on the day yesterday but is expected to regain that when things stabilise.
 
China applies 34% to USA well that was expected.
just need the EU to grow a set and apply its 20% back at USA as well
 
My understanding is that the Tariff rates applied by the USA are not related to tariffs applied by other countries but rather a percentage of the trade deficit with that country; consequently you end up with a poor country such as Bangladesh which on the whole can't afford US products but does have a thriving export industry being hit with high rate tariffs
 
taxboy said:
My understanding is that the Tariff rates applied by the USA are not related to tariffs applied by other countries but rather a percentage of the trade deficit with that country; consequently you end up with a poor country such as Bangladesh which on the whole can't afford US products but does have a thriving export industry being hit with high rate tariffs
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yep its been calculated in the difference between import and export and as you say places like Bangladesh or Vietnam can't afford and frankly wouldn't want American stuff.
 
Norkie said:
I read somewhere that India has a 100% Tarif on imported American motorcycles.
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India produces most of the agricultural equipment John Deere sells to Europe. I would expect the EU to close that loophole. They also export to the American market and now would be subject to 27% tariffs. Trump thinks that companies like John Deere will move production back to the States, but I think they are more likely to fold. They have already lost a big chunk of European sales with Russia not now a viable option.
 
taxboy said:
My understanding is that the Tariff rates applied by the USA are not related to tariffs applied by other countries but rather a percentage of the trade deficit with that country; consequently you end up with a poor country such as Bangladesh which on the whole can't afford US products but does have a thriving export industry being hit with high rate tariffs
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I've heard this a couple of times over the past 24 hours. The tariff allocation and rate was carried out by A1 hence tariffs on The Heard and McDonald Islands..Mc Donald ? Lol
As the world now knows, the only inhabitants are King Penguins.
 
Norkie said:
I read somewhere that India has a 100% Tarif on imported American motorcycles.
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Didn’t know that, my wifes Harley street was made in India
They do have a thriving motorbike manufacturing industry though especially Enfield who are doing well selling in Europe as well as locally
 
LCPete said:
Didn’t know that, my wifes Harley street was made in India
They do have a thriving motorbike manufacturing industry though especially Enfield who are doing well selling in Europe as well as locally
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one of the things India did years ago was to force all the major motorcycle manufactures that want to sell into the local market was to force them to build factories in India. Pretty much all of the Hondas amd Yams and Suzukis etc are locally built also Indain brands like Hero and TVS and Splendor, also pretty much 99% of them are under 200cc

www.acko.com

Best Selling Bikes In India | Top 15 Motorcycles [2025]

Checkout the best selling bikes in India with mileage, price ,features and more. Choose the top selling bikes in 2025 from brands like Bajaj, Hero, Yamaha, etc
www.acko.com
 
Mr Bump said:
one of the things India did years ago was to force all the major motorcycle manufactures that want to sell into the local market was to force them to build factories in India.
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A sensible compromise that probably benefits both the locals and foreigners.
 
Mr Bump said:
one of the things India did years ago was to force all the major motorcycle manufactures that want to sell into the local market was to force them to build factories in India. Pretty much all of the Hondas amd Yams and Suzukis etc are locally built also Indain brands like Hero and TVS and Splendor, also pretty much 99% of them are under 200cc

www.acko.com

Best Selling Bikes In India | Top 15 Motorcycles [2025]

Checkout the best selling bikes in India with mileage, price ,features and more. Choose the top selling bikes in 2025 from brands like Bajaj, Hero, Yamaha, etc
www.acko.com
Click to expand...

Yes to be honest its not worth having a bigger bike in India , most of the roads aren’t suitable for going fast
 
Actually I wonder what will happen to the motorbike market in the US ?
Although of course the bigger Harleys are still made in the US , the most popular bikes have always been Japanese
Also the camera market over there as well, I noticed on a US camera forum they are as bemused as us over the tariffs and are expecting price increases
 
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AndrewFlannigan said:
A sensible compromise that probably benefits both the locals and foreigners.
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yeah and that's what Trump wants now but the world has moved on, the rest of of the world will increase trade cooperation and leave USA out
 
LCPete said:
Yes to be honest its not worth having a bigger bike in India , most of the roads aren’t suitable for going fast
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when I visit india and go out in my friend SV and his SUV you just also see why bikes work the traffic is so awful bikes just get through and all the little bikes do it better
also fuel is quite expensive so its all about km/l this 125 yam is made in country

y2.jpg
 
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I'm not so sure it's tariffs in themselves that is the problem, but more how fast Trump is doing it all, the aggressive rhetoric behind it from him and also the sporadic nature.

It doesn't feel like it's under any real form of control or rational process and I reckon this is what's causing most of the instability.
 
That's a big factor Graham as you say - no-one actually knows what will come next and when, even his inner circle don't know. They've been briefing all over the place but unable to say anything definite. However he's bitten off more than he can chew with China. The Chinese are past masters at this game, they can take far more pain economically than the USA and it's normal to play a long game, and they will not back down and lose face. Especially to such an obviously ignorant bully.
 
I wonder how much rope they're going to give him before they lynch him...
 
lindsay said:
That's a big factor Graham as you say - no-one actually knows what will come next and when, even his inner circle don't know. They've been briefing all over the place but unable to say anything definite. However he's bitten off more than he can chew with China. The Chinese are past masters at this game, they can take far more pain economically than the USA and it's normal to play a long game, and they will not back down and lose face. Especially to such an obviously ignorant bully.
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I can only go on what I've read and seen, but I also wonder if the Chinese political system and their apparent control over the people would also be advantageous for them as opposed to America where protests can quickly lead to riots?

Of course for all I know China may also suffer such protests and riots, but we may not be so aware of them. I think I've seen videos of a few, but certainly nothing compared to what can escalate in America.
 
lindsay said:
The BBC view that China might be looking positively at all this is, I think, not far off the mark. Xi needs domestic consumption to increase so as to boost the economy, and whilst the tariffs will work against that and exports, it will boost domestic consumption of domestic production. BYD instead of Tesla. It will likely boost the value of the Yuan and help it to become a stronger trade currency in place of the dollar in some markets. European car makers will need to focus on sales to Chinese consumers particularly instead of American.
I can't for the life of me understand why Trump and the GOP can't see that EU/Jap/Korean cars are way way better quality and suitability for their markets than those rubbish American cars. American cars are generally poorly made, too big, too expensive in fuel and except for very few utterly undesirable.
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Trump &Co hope to raise over a $trillion over the next year or so in order to pay down the government debt and thus reduce interest rates and have money to fund tax cuts,too which will, mainly, but not exclusively, benefit the very wealthy. That is what all this is about so he's not really concerned whether foreign vehicles are better quality or not.

Basically, by causing turmoil in the markets investors will turn to the safety of government bonds .I now recall that you said you buy gilts so you'll know how it all works. Trump wants to reduce government debt standing at $9 trillion that needs to be refinanced this year. They've also factored into that strategy that the Federal Reserve would likely follow suit with interest rates cuts which would also benefit Jo public but as I say, more so the wealthy. I mentioned in the Trump thread that Trump is putting pressure on the Fed chairman, Jerome Powell, to lower interest rates but, so far Powell has ,to his credit, rebuffed that pressure but for how long remains to be seen. He's done that because he and his advisors are forecasting a rise in inflations as US consumers will have to pay more for imported goods and even US manufactured goods because some industries require parts from abroad..the car industry ,for example.

How's the cunning plan going ? Not too well. It was working but then, on Monday, the markets had a change of heart and started selling government bonds so the government was forced to put up the yield to dissuade investors from doing that and by today ..I checked,the yield on 30-year bonds reached 4.92% their biggest three-day jump since 1982. Trump and his economically-illiterate advisors are causing absolute mayhem because government yields around the world have followed suit which is bad news for Rachel Reeves, for one. The UK's 30-year bond yield hit 5.62% today..The last time it hit that level here in a one day rise was in the aftermath of Liz Truss's disastrous, so-called, "mini- budget"

There's a suggestion,too that China could be behind some of this by dumping US government bonds in revenge on Trump. China holds $761bn of US government bonds, second only to Japan. If true, what started as a trade war could rapidly evolve into a financial war in which case it would tin hat time. In the meantime, the rest of us just have to get on with life's other, much more, mundane travails.
 
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Following Trump's announcement yesterday, of a 90-day moratorium on tariffs, giving countries time to negotiate..bar China, the DOW closed up 2,600 pts. Trump is a close follower of Wall Street and what he's seen lately will have unnerved him despite his cavalier comments about taking short-term pain. He said.."It's going to be a bumpy ride but America is going to be very rich again,soon" :rolleyes:

I checked the Nikkei this morning and that closed up 2,736. I think the City traders, here, will be at their desks a bit earlier this morning . The FTSE lost 231 pts yesterday, so I expect it will regain that and a lot more, especially, shortly after it opens at 8.00am.Just checked and Futures are showing +406 at the moment.0732.
 
JohnC6 said:
Following Trump's announcement yesterday, of a 90-day moratorium on tariffs, giving countries time to negotiate..bar China, the DOW closed up 2,600 pts. Trump is a close follower of Wall Street and what he's seen lately will have unnerved him despite his cavalier comments about taking short-term pain. He said.."It's going to be a bumpy ride but America is going to be very rich again,soon" :rolleyes:

I checked the Nikkei this morning and that closed up 2,736. I think the City traders, here, will be at their desks a bit earlier this morning . The FTSE lost 231 pts yesterday, so I expect it will regain that and a lot more, especially, shortly after it opens at 8.00am.Just checked and Futures are showing +406 at the moment.0732.
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JohnC6 said:
FTSE up 460..6.1% at 0812.
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An encouraging uptick, for sure!
 
I do have a modest holding of UK gilts in my SIPP and my wife's; all are 4.5% and spread over 2028/30/35/40 maturity, all showing a modest profit. I hope to buy more on issue, especially if yields are going up. Today's market rise has restored a good chunk of the last week's losses, but by no means all, I'm still about 6% down since Trump started his shenanigans.
I'm not buying in the market yet - this has all the hallmarks of a dead cat bounce with Trump only pausing the worst of the tariffs, and the war with China will have a significant effect on many areas that we are yet to see.
 
I've started taking my private pension about 6 months ago but on the advice of my pension advisor i ringfenced 20k in safe bonds to use as my payout for about 18month he actually said doing this insulates you from the market which has worked out really good as like most my pot that is in shares etc is down about 11% but my payout pot hasn't budged so happy days. I think i will stick with this wisdom and just move money across and keep my bonds pot at a nice safe level going forward, got to say it was vanguard that gave me this free advice.
 
Just watched on CH4 news the Chinese Trade Boss basically say USA can go f*** itself.
going to get spicy when US factories have to stop production when Chinese parts stop arriving.
 
FWIW about how Trump's buddies have reap the benefits of the shenanigans he has created and no doubt he has too!

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