Trump's deal with the UK sends a clear message: 10% tariffs are here to stay | Metals Mine

  • Trump's deal with the UK sends a clear message: 10% tariffs are here to stay

    From cnbc.com

    The U.K. and U.S. agreed to a landmark trade deal on Thursday — yet the agreement appears to be far from free of tariffs. The deal is the first made by the United States since President Donald Trump unveiled his so-called reciprocal tariffs on countries around the world last month. The United Kingdom’s position as one of a handful of countries where the U.S. boasts a trade surplus in goods — meaning the U.S. exports more to the U.K. than it imports — put the country at the front of the queue for officials to broker an agreement with the Trump administration. However, even Britain, with its “special ... (full story)

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StewGnom
May 9, 2025 10:56am
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Yes....fantastic achevement. The Fart of the Deal !!
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Trader#2AD5
May 9, 2025 6:49am
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Federal Sales Tax.
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Zebi
May 9, 2025 10:15am
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House ways and means chair Jason Smith is set to meet on Friday with Trump to inform him that the tax portion of the megabill has been limited by the GOP’s inability to build support for deep spending cuts. That means Republicans will have to leave out some of Trump’s tax priorities, according to the people.

It comes a day after House speaker Mike Johnson privately announced to House Republicans that he was scaling down ambitions for the package. He’ll now be seeking $1.5tn in spending cuts and $4tn in tax cuts, down from the $2tn and $4.5tn respectively.

if these dickheads continue with something like this they'll cause a flash crash same as liz truss dumb ass did 3 years ago with the pound
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The Fool
May 9, 2025 7:42am
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Quoting Trader#2AD5
Federal Sales Tax.
inflationary. Fed will need to see dire signs in the employment data b4 they start cutting.
BaliBoyz80
May 9, 2025 6:50am
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10% vs 80%
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TraderTero
May 9, 2025 11:01am
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Detroit automakers fuming after Trump’s first trade deal gives preferential treatment to imported U.K. cars over their own

https://www.yahoo.com/news/detroit-a...120417900.html
Trader#2AD5
May 9, 2025 8:54am
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Quoting The Fool
{quote}inflationary. Fed will need to see dire signs in the employment data b4 they start cutting.
Republican way of adding a Tax without it being called a tax. They have done it everywhere under the guise of the Fee. This is their way to use Tariffs as a Tax.
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Trader#A91B
May 9, 2025 10:06pm
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I can't wait until adults are in charge of the government again.
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