Did Trump Just Prove Brexit Was The Best Decision Britain Ever Made?

[Khandro]

It looks like so for three reasons. First, if we were still part of the bloc, or even the Customs Union as hardcore Remainers would like us to be, we would be facing an immediate 20 per cent tariff rate, twice as high as we now will.

Next, the EU will almost certainly start a pointless tit for tat tariff war. It will impose retaliatory tariffs, prompting another round of higher levies from the White House, until tariffs hit 40 or 50 per cent on both sides. Inside the EU, we would have no choice but to go along with that. Instead Sir Keir Starmer and his Chancellor Rachel Reeves should be able to see that there is no point in trying to humiliate Trump or force him to back down. It won’t work. Our tariffs will stay at 10 per cent and we may even be able to negotiate them even lower or eliminate them completely, something the EU will find impossible.

Finally, it will mean British industry now has a clear competitive advantage over the rest of Europe. For Americans, a Scotch will be cheaper than Cognac, and Burberry cheaper than Hermes, but still with a luxury feel. Even better, there will now be a powerful incentive for EU manufacturers to ramp up production in the UK when they are selling products into the US. They will face lower tariffs while still manufacturing in Europe. A few may even move completely.

The Telegraph, today.

[gulliver1]

Vulcan 09.59....As usual you are making a fool of yourself .        Khandro said. ...."and was/am a keen Brexiteer".......Get it ?.

[gramps85]

gulliver1 09.59.  It is true that Khandro said he was/am a keen Brexiteer, but where did he say that he voted for Brexit?

[david small]

Nit picking by a few nits....

[Hymie]

This is just more Brexiteer nonsense, the loss of trade with the EU (as a result of Brexit) far outstrips any gain of a 10% US tariff compared with a 20% for the EU.  With the much larger trading volumes with the EU, they can impose retaliatory tariffs (against the US) making Trump regret his actions.

 

It is universally accepted that Brexit has been an economic disaster for the UK – the Brexiteer justification for supporting Brexit beggars belief.

[Khandro]

Plod on Hymie 

[Ellipsis]

Brexit damaged British trade. Trump's tariffs damaged British trade. We'll be lucky if we don't go into recession. Not a lot to celebrate ...

[andy-hughes]

The problem with President Trump us, he's not very bright, so he's incapable of grasping anything that involves anything approaching complexity  

Because he can only see the world in simple terms, he thinks every issue is simple, and therefore has a simple solution.

That's why he cannot see a bigger picture, or grasp that blundering into economic issues which he cannot begin to grasp, is going to have far graver consequences than his childish title for tat version of how international trade works. 

He is a stupid man, and a dangerous one.

The world will regret his sledgehammer meddling very quickly, including, ironically, the US, which is destabilised along with everyone else.

[Togo]

I wonder if clueless Surkier will retaliate with 10% tariffs on the imported US "goods" we import? Especially the wood pellets, the LNG (Liquid Natural Gas) that we are forced to use because of Milibrains mad glowbull policies, and the ethanol we are forced to add to petrol to save the polar bears?   Haha. If Germany though it had been having a rough time of it after their high trade intensity economy(83%) crashed due to covid and mad eco loon dreams then they are now hamstrung. The US is by far Germanys biggest export market. It is now shattered. 

[fripfrip]

You may not like what trump is doing with tariffs but he's only reciprocating the tariffs the EU and others have had on American goods for years but no one wants to talk about those tariffs.The USA had 2% tariffs on our cars while we had 10% tariffs on theirs how come people think that's right/fair.

[Ellipsis]

German exports by continent:

Europe - 66%

Asia - 17%

Americas - 14%

The problem for the USA is that they've set themselves against the whole world, and the whole world is unhappy with the USA and unchanged with everyone else within the world. The USA is big, but they're not much bigger than the EU. Whether the USA stays bigger than the EU, gets even bigger or shrinks ... we shall see.

[Togo]

German exports by Country(top 12 only) 

United States $116.33B 2024!!!!!!!

France $80.00B 2024

Netherlands $77.47 B2024

Poland $66.80B 2024

China $62.14B 2024

United Kingdom $57.06B 2024

Italy $56.52B 2024

Austria $53.20B 2024

Switzerland $49.23 B2024

Belgium $41.42B 2024

Spain $38.14B 2024

Czech Republic $36.18B 2024