"Triple taxes on buying products from UK!" Topic

What effect will this have on Wargaming?

Do you have a link to provide some context?

Looks like a deal is in the works.

Here-

link

After reading the artical the result is a whopping 6.6 % increase, So it looks like the sky is in fact NOT falling!

I'm reading 10%.

Huffington Post has pretty left-wing bias and is vehemently anti-Pres Trump. I'll wait for more reporting to balance this one out.

A deal was just signed between the US and the UK. I have seen no details yet.

For the record, the negotiations for this deal were begun in May of 2020, so it only took 5 years to get a trade deal with one of our closest allies. I'm sure the other deals with the other 200+ countries (LOL) will be wrapped up by the weekend.

Book came up on Napoleonic Wars Podcast and seems only from UK, really would like to get it

It is worth remembering that UK sales tax is 20% and normally includes hobby stuff like toy soldiers imported from other countries. The US Federal government previously didn't apply sales tax on imported items, but States do at varying levels. The new tariffs are a form of Federal sales tax paid for by the US buyer.

It is very difficult to work out who is charging more with combined taxes/tariffs based on so many variables ie. the State you live in, the constant changes in US tariff policy, and various exemptions that can apply in both directions.

Essentially the new US tariffs create inflation and the idea that money is coming into the US from other countries because of them is false. They are a a Federal tax on the American people no matter how you choose to look at it.

Not seeing the sky falling here but always fun to read posts from ec and nn!! SMH….

Here you go, the official general terms. Only about 6 pages. No media involved.


PDF link

Thanks 35th.

A very clean and direct agreement that works for both sides. The Art of the Deal strikes again!

Seriously? This is the best the current US regime can do?

As the US had a trade SURPLUS with the UK, I hardly think this is part of the 'Grand Plan'. I guess they had to produce something, although anyone of the meanest intelligence can see this is a sham

Where are the deals with Vietnam? India? Oh & the rather big player, China? I'm sure this tariff madness was about countries with huge deficits?

I'm afraid the "Art of the Deal" is, as usual, smoke & mirrors, designed to placate the gullible & be a sop to the indoctrinated.

If you want to know how things are going, read this:
link

Essentially the "deal" just reverts to a baseline 10% tax on most of the stuff you guys buy from the UK. US purchasers of Bentley and Jaguars will now pay less tax on their vehicles imported from the UK, which I'm sure will be of relevance to millions of Americans.

Anyway, the details are all over the media now. It is more a political thing for Trump and Starmer to say they've made a deal

Keep in mind UK imports to the US represent 3%. Yes, THREE PERCENT of total American imports.

How can this be anything other than a poor attempt to provide a smoke screen for the developing tariff disaster?

It is worth remembering that UK sales tax is 20% and normally includes hobby stuff like toy soldiers imported from other countries.

And everything made in the UK as well – we use VAT to raise taxes instead of just having Income Taxes. So, if you don't want to pay tax, then don't buy stuff.

Lots of countries do this – the usa for example, you call it Sales Tax, and all but 5 states use them in some form.

The next domino, or will Japan beat them?

Subject: Exclusive: India offers to slash tariff gap by two-thirds in dash to seal trade pact with Trump | Reuters


link

"The United States is India's largest trading partner, with bilateral trade totalling some $129 USD billion in 2024. The trade balance is currently in favour of India, which runs a $45.7 USD billion surplus with the U.S.
Trump announced on Thursday his administration's first "breakthrough deal" with Britain. It lowers average British tariffs on U.S. goods but keeps in place the 10% base tariff imposed by Washington on British goods, likely setting a template for Washington's approach with other trading partners.
Last month, Trump announced a 90-day pause on his long-planned reciprocal tariffs on global trading partners, including a 26% tariff on India, while his administration negotiates trade deals. A 10% base tariff continues to apply to India and many other nations during the pause.
After the UK, India and Japan are the next two nations in line to finalise a deal, a third Indian government official said. "We will see which one crosses the line first."
"

I have a couple of buddies in England and they've said that it won't really affect them or the vast majority of people.

It's a shame all the hot air can't be captured and used to power something.

No VAT on books in the UK (unless they are designed to be written in).

"While American importers scramble and the U.S. trade deficit hits new records, China has skillfully pivoted, diversified, and outmaneuvered Washington on the global economic stage."

link

And then there's this, which you won't hear about from the mainstream media….

link

As Mr. Burns would say, "Excellent!"