All this news is giving me a geopolitical tension headache and work stress fractures…
HibernianMetropolis on
On a scale of 1-10, how bad is this for us?
ixlHD on
>Mr Trump said the move will mean “lower prices for consumers” in his country and that “jobs and factories will come back”.
He has no idea how tariffs work
MrTuxedo1 on
20% tariffs on imports from the EU
DexterousChunk on
Fucking gobshite
BeckhamIn2Sheringham on
If I can play devils advocate for a second…if the EU are currently imposing tariffs on the US, why shouldn’t the US reciprocate?
Harbour_Pin on
The tariffs are much harsher than expected for some. While the EU was expecting around 20%, China will be pretty shocked by a 34% tariff, and the pain doesn’t stop there. Vietnam had been a “loop hole” as Chinese manufacturers moved their factories there. Now they’ve been slapped with a 46% tariff.
RavagedCookies on
But anyway did I tell you about the eggs?
amusicalfridge on
I hope the EU is in a position and willing to impose retaliatory pressure that will genuinely result in some hardship to the average US citizen in response to this.
Vegetable_Story_7900 on
This stuff goes way over my head! Does it have a really big impact or just a lot of noise ?
CheckedOutDidntLeave on
We are truly in the dumbest timeline. If you tariff everybody you are sanctioning yourself. This is going to destroy manufacturing in the US, causing inflation and a recession. The point of a good life is to consume not produce. If you make consumption more expensive, you decrease the quality of life of your citizens.
In a way Ireland is safer because every other country that could compete is subjected to tariffs as well. It will take years to build up the necessary infrastructure and talent pool in the US. It will likely lead to cut backs for firms that primarily operate the US market and the lower profits mean Ireland’s tax take will reduce as well. It will cause a lot more pain in the US than for others and torpedo their fiscal objectives.
Busterlegacy1 on
So what all did he put on all I saw was the 20% on cars and the technology one.
In this case, the 80 years of work the US did building up their soft power and position as the economic centre of the world. Today’s biggest winners have been China.
ou812_X on
China gets 34%.
Everything is made in China. EVERYTHING.
Accomplished_Crab107 on
Looking beyond past all this.
Who behind Trump wants to crash the US and potentially global economy?
Is someone due to make a lot of money over this?
There’s simply no other way this can go.
YouserName007 on
What likely to happen in Ireland based on these announcements? Sorry, I’m not too savvy.
qwerty_1965 on
The people who burn pallet wood to keep warm in the American rust belt winter will soon discover how much poorer they’ll be.
boyga01 on
Enjoy your 2000 dollar iPhones merica.
susanboylesvajazzle on
This is growing to be glorious. The MAGA fuckwits will believe whatever shit he feeds them but when it hits their pockets, and hits them hard, they’ll lose their shit.
Ok_Magazine_3383 on
> Some countries, such as Ireland, which has a narrow trading relationship with the US that relies on highly integrated supply chains used in products such as pharmaceuticals, are found to be disproportionately at risk.
> While Ireland experiences a small increase in exports and imports as a result of a limited Canada-Mexico-US trade war, that gain flips to a 6.6 per cent drop in exports and nearly 13 per cent fall in imports, in the event of a US-EU trade war.
> Du said that Ireland’s less diversified trade base when compared with larger countries, which have deeper commercial relationships with China, left it more vulnerable to being “caught in the crossfire” between the world’s biggest economies.
“Donald Trump is planning further tariffs on the pharmaceutical industry, a senior White House official has said.”
Fuck.
MushuFromSpace on
€1 = $1.09
Selfish me is going to Orlando next January (for now) so let the good times roll…
OverHaze on
I was expecting 25%. Still absolutely terrible for everyone.
gdvs on
Trump gives hope to all people. No matter how stupid you are, you can become the most powerful person on earth.
atbng on
All the morbidly obese Americans ain’t gonna be happy when their 6XL made in <Donald Trump voice> CHINA T-shirts are gonna quadruple in price tomorrow.
HereA11Week on
I very rarely watch any of Trump’s speeches but watched this in its entirety. Christ almighty what utter drivel. Much of it was obnoxious gobbledegook that an uneducated 14 year old would come out with.
Watching this whole thing fall flat on its face will be absolutely glorious should it come to pass.
Alternative-Canary86 on
People from the south will start exporting through the north so as they are only charged at 10 %
PapiLaFlame on
Funny that on our island Northern Ireland will have a 10% tariff while ROI has 20%.
ReadyPlayerDub on
Begun the tariff wars have.
Alternative-Canary86 on
So we just export through the north at 10% then
Historical_Flow4296 on
I think Trump’s mind is going or he really is a Russian agent
DannyVandal on
Yeah, independence from an actual *working* economy.
Rob-bles on
The US will be paying a lot more for their Viagra and Botox now. All made in Ireland. Saggy d**ks and saggy faces all round. 🤣
-Butcher-boy- on
How did he speak for so long and not say anything intelligent.
RedPandaDan on
The US is frankly too stupid to exist, the EU and China should inflict tariffs not just to encourage them to drop tariffs, but to cause as much damage as possible. They cannot be allowed remain the dominant world power.
Environmental-Net286 on
Trade war, it is so
Ffs
hype_irion on
How can someone who doesn’t know what a tariff or VAT is become the leader of a nuclear superpower?
WolfetoneRebel on
The yanks are currently still in the fucking around phase.
TheMassINeverHad on
I’m pretty pessimistic as it goes but when it’s laid bare it’s less of an attack on us. It’s not good obviously but we’re constantly expecting our own economic doom since the last recession, it’s not that simplex Being in the EU is massively helpful, there will be a negotiatied solution, he’s had his big day now ans will be all pulled back from there or maybe not who knows not even him
kendragon on
People were pretty shocked to find he managed to bankrupt multiple casinos which should be next to impossible so I guess he’s now going for the big prize, bankrupting an entire country.
willmannix123 on
How will this affect trade between us and the North? The North are in the EU customs union. So in theory, can’t companies in Republic of Ireland send their goods to the North and ship them from there to the US to avoid the extra 10% tarrif?
43 commenti
All this news is giving me a geopolitical tension headache and work stress fractures…
On a scale of 1-10, how bad is this for us?
>Mr Trump said the move will mean “lower prices for consumers” in his country and that “jobs and factories will come back”.
He has no idea how tariffs work
20% tariffs on imports from the EU
Fucking gobshite
If I can play devils advocate for a second…if the EU are currently imposing tariffs on the US, why shouldn’t the US reciprocate?
The tariffs are much harsher than expected for some. While the EU was expecting around 20%, China will be pretty shocked by a 34% tariff, and the pain doesn’t stop there. Vietnam had been a “loop hole” as Chinese manufacturers moved their factories there. Now they’ve been slapped with a 46% tariff.
But anyway did I tell you about the eggs?
I hope the EU is in a position and willing to impose retaliatory pressure that will genuinely result in some hardship to the average US citizen in response to this.
This stuff goes way over my head! Does it have a really big impact or just a lot of noise ?
We are truly in the dumbest timeline. If you tariff everybody you are sanctioning yourself. This is going to destroy manufacturing in the US, causing inflation and a recession. The point of a good life is to consume not produce. If you make consumption more expensive, you decrease the quality of life of your citizens.
In a way Ireland is safer because every other country that could compete is subjected to tariffs as well. It will take years to build up the necessary infrastructure and talent pool in the US. It will likely lead to cut backs for firms that primarily operate the US market and the lower profits mean Ireland’s tax take will reduce as well. It will cause a lot more pain in the US than for others and torpedo their fiscal objectives.
So what all did he put on all I saw was the 20% on cars and the technology one.
https://preview.redd.it/uapi3n84khse1.jpeg?width=688&format=pjpg&auto=webp&s=49d46de1b979406c702f529f1a129f240e247b8c
RIP Cork Pharma & Tech sector!
*What’s done is done,*
*And what’s won is won,*
*And what’s lost, is lost and gone forever.*
In this case, the 80 years of work the US did building up their soft power and position as the economic centre of the world. Today’s biggest winners have been China.
China gets 34%.
Everything is made in China. EVERYTHING.
Looking beyond past all this.
Who behind Trump wants to crash the US and potentially global economy?
Is someone due to make a lot of money over this?
There’s simply no other way this can go.
What likely to happen in Ireland based on these announcements? Sorry, I’m not too savvy.
The people who burn pallet wood to keep warm in the American rust belt winter will soon discover how much poorer they’ll be.
Enjoy your 2000 dollar iPhones merica.
This is growing to be glorious. The MAGA fuckwits will believe whatever shit he feeds them but when it hits their pockets, and hits them hard, they’ll lose their shit.
> Some countries, such as Ireland, which has a narrow trading relationship with the US that relies on highly integrated supply chains used in products such as pharmaceuticals, are found to be disproportionately at risk.
> While Ireland experiences a small increase in exports and imports as a result of a limited Canada-Mexico-US trade war, that gain flips to a 6.6 per cent drop in exports and nearly 13 per cent fall in imports, in the event of a US-EU trade war.
> Du said that Ireland’s less diversified trade base when compared with larger countries, which have deeper commercial relationships with China, left it more vulnerable to being “caught in the crossfire” between the world’s biggest economies.
https://www.ft.com/content/c21f29d6-f8c5-4596-8652-42c0be96a269
From the RTÉ website:
“Donald Trump is planning further tariffs on the pharmaceutical industry, a senior White House official has said.”
Fuck.
€1 = $1.09
Selfish me is going to Orlando next January (for now) so let the good times roll…
I was expecting 25%. Still absolutely terrible for everyone.
Trump gives hope to all people. No matter how stupid you are, you can become the most powerful person on earth.
All the morbidly obese Americans ain’t gonna be happy when their 6XL made in <Donald Trump voice> CHINA T-shirts are gonna quadruple in price tomorrow.
I very rarely watch any of Trump’s speeches but watched this in its entirety. Christ almighty what utter drivel. Much of it was obnoxious gobbledegook that an uneducated 14 year old would come out with.
Watching this whole thing fall flat on its face will be absolutely glorious should it come to pass.
People from the south will start exporting through the north so as they are only charged at 10 %
Funny that on our island Northern Ireland will have a 10% tariff while ROI has 20%.
Begun the tariff wars have.
So we just export through the north at 10% then
I think Trump’s mind is going or he really is a Russian agent
Yeah, independence from an actual *working* economy.
The US will be paying a lot more for their Viagra and Botox now. All made in Ireland. Saggy d**ks and saggy faces all round. 🤣
How did he speak for so long and not say anything intelligent.
The US is frankly too stupid to exist, the EU and China should inflict tariffs not just to encourage them to drop tariffs, but to cause as much damage as possible. They cannot be allowed remain the dominant world power.
Trade war, it is so
Ffs
How can someone who doesn’t know what a tariff or VAT is become the leader of a nuclear superpower?
The yanks are currently still in the fucking around phase.
I’m pretty pessimistic as it goes but when it’s laid bare it’s less of an attack on us. It’s not good obviously but we’re constantly expecting our own economic doom since the last recession, it’s not that simplex Being in the EU is massively helpful, there will be a negotiatied solution, he’s had his big day now ans will be all pulled back from there or maybe not who knows not even him
People were pretty shocked to find he managed to bankrupt multiple casinos which should be next to impossible so I guess he’s now going for the big prize, bankrupting an entire country.
How will this affect trade between us and the North? The North are in the EU customs union. So in theory, can’t companies in Republic of Ireland send their goods to the North and ship them from there to the US to avoid the extra 10% tarrif?