Trump has now increased the tariffs on China to 145%, this is bonkers, it's not a poker game and he is messing with people's lives and livelihood, those of his own people as well as everywhere else.
Trump has now increased the tariffs on China to 145%, this is bonkers, it's not a poker game and he is messing with people's lives and livelihood, those of his own people as well as everywhere else.
I've also heard he hasn't watched Adolescence
Irrelevant, but he's too busy either spouting rubbish or playing golf.
I'm as guilty as the next person, but perhaps we should limit the talk to Savings and Investments rather than Trump bashing.
This is one of the most informative threads on the Forum and it would be such a shame to see it closed.
I so agree.
This is a fantastic thread on which so many knowledgeable people give freely of their time and expertise to help those of us who aren't experts in the field of finance. I find so much of what is written on here of real help and interest.
Please will those who contribute nothing to this thread but their hatred of Trump express it somewhere else to save this thread being shut down.
I guess China will dump / sell to Europe which could see short term price falls?
But I imagine American retailers will source products from China via Europe / UK in future where at least the tariffs will be more modest?
Potentially possible, but I suspect the products would need to be substantially altered/manufactured in order to avoid rules of origin and be charged the Chinese tariff.
Add to that the additional costs - ship to UK/Europe, store, assemble/alter, ship to US - I’m not sure it would be worth it.
I guess China will dump / sell to Europe which could see short term price falls?
But I imagine American retailers will source products from China via Europe / UK in future where at least the tariffs will be more modest?
Potentially possible, but I suspect the products would need to be substantially altered/manufactured in order to avoid rules of origin and be charged the Chinese tariff.
Add to that the additional costs - ship to UK/Europe, store, assemble/alter, ship to US - I’m not sure it would be worth it.
I guess China will dump / sell to Europe which could see short term price falls?
But I imagine American retailers will source products from China via Europe / UK in future where at least the tariffs will be more modest?
Potentially possible, but I suspect the products would need to be substantially altered/manufactured in order to avoid rules of origin and be charged the Chinese tariff.
Add to that the additional costs - ship to UK/Europe, store, assemble/alter, ship to US - I’m not sure it would be worth it.
Wasn’t aware of ‘rules of origin’.
Years of my employer making me attend Trade training, despite the fact that my clients were global law/accountancy firms who didn’t need those particular Trade products. I left 3 years ago, but not aware rules of origin have changed. If anything, I suspect the US would be more rigorous in policing them now.
I'm a reluctant conspiracy theorist, but I've seen several compelling-looking tweets on the insider-trading theory today.As they say on the FT "this is a developing story" -although they are not running it yet, so some caution still called for.
I'm a reluctant conspiracy theorist, but I've seen several compelling-looking tweets on the insider-trading theory today.As they say on the FT "this is a developing story" -although they are not running it yet, so some caution still called for.
There are Democrats asking for an investigation into comments made by Trump minutes before he relaxed the tariffs, tweeting that it was a good time to buy.
I'm a reluctant conspiracy theorist, but I've seen several compelling-looking tweets on the insider-trading theory today.As they say on the FT "this is a developing story" -although they are not running it yet, so some caution still called for.
There are Democrats asking for an investigation into comments made by Trump minutes before he relaxed the tariffs, tweeting that it was a good time to buy.
How are you acting to reassure your clients given the current level of chaos and uncertainty in the markets? It must be very challenging ?
I'm a reluctant conspiracy theorist, but I've seen several compelling-looking tweets on the insider-trading theory today.As they say on the FT "this is a developing story" -although they are not running it yet, so some caution still called for.
There are Democrats asking for an investigation into comments made by Trump minutes before he relaxed the tariffs, tweeting that it was a good time to buy.
Shades of Elon giving crypto tips to his followers. (I hope that's a neutral enough observation).
FTSE100 up today. Floating between 0.5% & 0.8% but at least it's going the right way. Mainly due I would suspect to the GDP figures released this morning.
Most European markets down 1.5%-2%. The US opens in less than 30 minutes but Futures showing they will open upwards.
I'll off to watch the Masters as Rosie has just teed off for his 2nd round. Can't rely on McIlroy to bring it home so now banking on Justin.
Goldman Sachs sticks to forecast of 45% chance of US recession
Goldman Sachs’ researchers are sticking with their forecast of a 45 per cent chance the US enters a recession in the next 12 months, saying it is too early to determine “all clear”, given elevated weakness in the dollar and uncertainty about Donald Trump’s foreign trade plans.
“Policy uncertainty remains very high and is likely to weigh on consumer and business activity,” researchers Dominic Wilson and Vickie Chang said in a note on Thursday, adding “the long end of the Treasury market may remain fragile given the cracks exposed there”.
Goldman’s analysts yesterday raised their odds of an impending recession to 65 per cent before rescinding that call just over an hour later to take into account the president’s announcement of a 90-day pause on most “reciprocal” tariffs.
FTSE100 up today. Floating between 0.5% & 0.8% but at least it's going the right way. Mainly due I would suspect to the GDP figures released this morning.
Most European markets down 1.5%-2%. The US opens in less than 30 minutes but Futures showing they will open upwards.
I'll off to watch the Masters as Rosie has just teed off for his 2nd round. Can't rely on McIlroy to bring it home so now banking on Justin.
The 0.5% UK GDP growth is for just February but it will be interesting to see where March goes as the impact of Labour budget AND BoE rate cuts impact both decisions and approach. These numbers, together with NHS waiting list reductions matter in the real world for real people.
And these next few months will see a combination of big rises for the low paid, normal pay outstripping inflation, more rate cuts (just saw 3.99% mortgage advertised) together with Trump Tariff Turbulence. In short, GDP growth for ordinary people should translate into greater consumer demand which has to be good for the high street, leisure etc.
Certainly an interesting time to invest - I won't be shifting the existing portfolio much more as now down to 40% US equities, but will give consideration as to where to direct future contributions.
Some Uni mates of one of our kids are big into day trading so will ask them how they're doing next time they come round, but it sounds like the people on this thread are looking for long term positions. European defence industry looks interesting: https://www.investorschronicle.co.uk/content/1cdbe8ae-02ab-5f93-8632-425fac75948a
I was on a webinar with HSBC today. They are predicting a 0.25% rate cut every quarter until the end of 2026......meaning the base rate will be at 3% by the end of 2026. They did say the market is not so bullish & others have the base rate at 3.5% by that time.
Comments
But yes you are right.
But I imagine American retailers will source products from China via Europe / UK in future where at least the tariffs will be more modest?
This is a fantastic thread on which so many knowledgeable people give freely of their time and expertise to help those of us who aren't experts in the field of finance. I find so much of what is written on here of real help and interest.
Please will those who contribute nothing to this thread but their hatred of Trump express it somewhere else to save this thread being shut down.
Add to that the additional costs - ship to UK/Europe, store, assemble/alter, ship to US - I’m not sure it would be worth it.
How are you acting to reassure your clients given the current level of chaos and uncertainty in the markets? It must be very challenging ?
(I hope that's a neutral enough observation).
Most European markets down 1.5%-2%. The US opens in less than 30 minutes but Futures showing they will open upwards.
I'll off to watch the Masters as Rosie has just teed off for his 2nd round. Can't rely on McIlroy to bring it home so now banking on Justin.
Goldman Sachs sticks to forecast of 45% chance of US recession
Goldman Sachs’ researchers are sticking with their forecast of a 45 per cent chance the US enters a recession in the next 12 months, saying it is too early to determine “all clear”, given elevated weakness in the dollar and uncertainty about Donald Trump’s foreign trade plans.
“Policy uncertainty remains very high and is likely to weigh on consumer and business activity,” researchers Dominic Wilson and Vickie Chang said in a note on Thursday, adding “the long end of the Treasury market may remain fragile given the cracks exposed there”.
Goldman’s analysts yesterday raised their odds of an impending recession to 65 per cent before rescinding that call just over an hour later to take into account the president’s announcement of a 90-day pause on most “reciprocal” tariffs.
And these next few months will see a combination of big rises for the low paid, normal pay outstripping inflation, more rate cuts (just saw 3.99% mortgage advertised) together with Trump Tariff Turbulence. In short, GDP growth for ordinary people should translate into greater consumer demand which has to be good for the high street, leisure etc.
Certainly an interesting time to invest - I won't be shifting the existing portfolio much more as now down to 40% US equities, but will give consideration as to where to direct future contributions.
Some Uni mates of one of our kids are big into day trading so will ask them how they're doing next time they come round, but it sounds like the people on this thread are looking for long term positions. European defence industry looks interesting:
https://www.investorschronicle.co.uk/content/1cdbe8ae-02ab-5f93-8632-425fac75948a
The latest tariff exemptions for smartphones and computers.
Is there any planning in place?