you are just as stupid as a dumb *, same as cheetos. https://www.reuters.com/business/au...omakers-blast-trump-uk-trade-deal-2025-05-08/ British carmakers will be given a quota of 100,000 cars a year that can be sent to the United States at a 10% tariff rate, almost the total Britain exported last year, compared to 25% for Mexico and Canada and nearly all other countries. "Under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA compliant vehicle from Mexico or Canada that is half American parts," said the American Automotive Policy Council, which represents the Detroit Three automakers. "This hurts American automakers, suppliers, and auto workers." U.S. automakers are concerned this could be a template for other agreements that could put vehicles they assemble in Canada or Mexico at a disadvantage. The White House did not immediately respond to a request for comment.
The UK only produces luxury cars for export now anyway, Mini Cooper is probably the lowest grade. Because of prestige, the import duty hardly matters. Trade was balanced between the UK and USA across the board on goods already. Its a nothing burger for the cheap seats.
I typically have my two TVs on the wall set to Bloomberg and CNBC... The financial markets not reacting as if this is a big deal and I was expecting a shit more volatility today on the U.S./U.K. deal...that too didn't produce the spike in volatility. Bloomberg and CNBC treating it as normal news before they move to other news. Yet, U.S. Automobile stocks did gap UP at the opening and now settling into a range. Unfortunately, ETF investing has begun to "outflow" again from the United States after bouncing off its April lows. Most of the spotlight has been on the Trump news about 80% on China tariff instead on the U.S./U.K. deal that was suppose to be this hyped up trade deal with the U.K. Yet, the day isn't over and maybe the financial market will have that incredible volatility I was looking for but have been disappointed about the volatility so far today. wrbtrader
Apparently you must not be as smart as you think you are. LOL. USA won a much better position than prior to the deal. We won in the deal. Trump is a winner. You posters are losing. LOL Keep crying. Your agenda is obvious. You can't stand Trump. He is a winner!
You bunch of negative posters and Trump detractors simply don't understand tariffs and how they work. Here you go get yourself educated: Jim Rickards All In On Tariffs & Trump On Triggernometry With Kisin and Foster PS: watch the video in the article too.
LOL. Here is a reminder this was a trade negotiation that started over three years ago under the Biden administration. Trump merely made a big announcement over a deal that was effectively in gear when he took office. Of course, "his U.K. deal" -- due to his idiotic tariffs with Mexico and Canada -- completely screwed over U.S. automobile manufacturers. The access given to the British market for beef is next to meaningless; the amount sourcing from the U.S. is negligible. I thought Trump was going to close over 90 trade deals in 90 days. He has not closed one -- and is unlikely to. This U.K. "trade deal" is not even his initiative, nor is it meaningful in the big picture context of all the products shipped between our two nations. This "deal" is not "winning" for either nation.
You are lost as a one legged termite in a wooden yo yo and have NO CLUE. You apparently don't know much about deals.