WHAT IS THE IMPACT OF TRUMP'S TARIFFS?
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- เผยแพร่เมื่อ 8 ก.พ. 2025
- In this video I look at the implications of President Trump's tariffs on Canada, Mexico and China for the consumer and the larger economy.
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I just commented this to a friend earlier.
The prices will go up, the tariffs will be negotiated and come down but the prices will stay the same!
Cynical, moi?! 😁
There was no opposition to the EU's Common External Tariff which penalised the UK consumer because our preferences were more often to source from non-EU nations. this meant the UK was the largest gross contributor to the CET fund in Brussels and this was additional to the UK's net 'Budgetary Contribution' which was second after Germany, yet Fance was fourth after Holland. Funny that.
Funny how the howls on policy always coincide with a pro-EU stance no matter how contrarian to general interests..
All this talk about the Trump Tariffs, but nothing about the reason for them. The skyrocketing drug overdose deaths the last fours years due to a flood of fentanyl entering into the country, due mostly to an open border policy. Something needs to be done, and not just by the US. Mexico and Canada should help to some degree, and I think we will be seeing that soon.
Nows the time to build something from that massive stash you've been collecting for years.
All of these tariffs are bargaining tools vis-a-vis fentanyl and human trafficking.
Trump's USA, with all its resources apparently cannot patrol its own borders. How does it expect its neighbours, which have fewer resources, to succeed where the USA has failed?
rubbish most fentanyl is made in the USA Trump and his supporter's seem to think the exporter pays but in fact the importer who pays
That would be the fentanyl and humans that your people create a market for. Good luck with it, I am sure it will be the unqualified success that your war on drugs was - oh, that ended in fentanyl, didn't it? And didn't your government trade drugs to fund the illegal war effort in South East Asia and Latin America that generated the chaos and misery that helped power the movement of people needed to fuel your agriculture, construction and human services sectors? It is genius level stuff and I am really confident it will be as successful as you can dream it will be. Go the Don, the billionaire looking out the little guy. It is all just so amazingly credible.
Very insightful - thanks Gary. Btw I really like the interior in the North Wing... better not spill any extra thin on that beautiful boardroom table, mind!
I don't think this will only affect US consumers. Let's say you're in the UK and buy a product from America, but the manufacturer has used Chinese / Canadian / Mexican components. Their costs will have risen, so their price to the consumer - in this case in the UK - will rise too. Knock on effect, the UK consumer will look elsewhere and the manufacturer will lose trade. If they can absorb that loss and survive good, if not insolvency beckons.
Wow! Nice dining room Gary!
Tariffs causing inflation doesn't sound right. I thought inflation was increasing the money supply.
Inflation is the rise in average prices of goods and services. Broad tariffs increase average prices. In the past money supply was used as a tool to control inflation, these days it is more usually controlled by interest rate changes.
@@garys_stuff No. Inflation is the devaluation of currency.
@@SabreXT I think you're confusing that with inflation as a market-led decline in the value of a currency in terms of its ability to purchase goods and services, whereas devaluation of a currency generally means its value relative to other currencies through exchange mechanisms. But I'm not an economics professor so I just go with the definitions that everyone around me uses. Inflation, as measured by the consumer price index or the retail price index in the UK is a measure of the average rise in cost of products and services.
Was just adding up the amount I've spent on kits and tools (spray booth and airbrushes especially). Then it dawned on me how many companies have their sprues made in China, then get distributed through Canada 😳. More than I initially expected. Double tariffed. OUCH
And it just dawned on me Andy's (AHHQ) just started direct importing late last year too. Oof
Prices are bound to increase, but hopefully not too much.
Nice concise guide Gary. One hopes the Donald doesn't come after Europe, Japan and the UK and that it all calms down and we get back to business as usual.
@@Claymore5 "Business as usual" 🤔
People should always try and buy goods from their own country and if thats not possible then buy something else that is! If the supply and demand is there then someone will start manufacturing that item with your country.
the new wing of the house is looking mighty fine :)
Two ways our modelling could be affected. Directly as the prices of kits and building materials will go up. Indirectly the financial burden on people will increase and there could be less money available to buy non essential modelling stuff, so sales go down, adversely affecting manufacturers. In the end this could lead to a reduction in the number of companies selling kits and modelling stuff.
And if he is actually able to get rid of Income Taxes it will be worth every nickel. We will hopefully be leaving taxation via government theft and going to a legal taxation according to purchasing.
The American importers pay the tariffs, and so they buy less.
The idea is that them buying less will force the seller to do something they dont want to to pick up sales.
Or they could just ride it out. The costs to goods sold to the UK will climb slightly but not as much as they will in the USA.
If it comes to be, I will cut back on buying kits!
Don't get into politics Gary, you will always antagonise someone.
Dude, anything you post on YT antagonises someone! Post something like "Tamiya isn't all it's cracked up to be" and wait to be flamed!!! Models will return...
@@garys_stuff Tamiya doesn't wind up people like politics, please mate, step back from this, it won't end well.
No one will win in this scenario and it's being done for all the wrong reasons and then other countries will put their own tariffs on the USA 😞
Border security seems like the right reason, but that's just me I guess...🤔
Funny how they don't put tariffs on property
Which is were the majority of laundered money tends to
Migrate.
The big issue in America is the strength of the dollar which is making holders of American debt looking for the money back
Inflation Garry is here for the long haul .
Hence hopefully a correction on the overvalued property
Market
No government intervention is needed just a sobering period time of Byer be aware.
Take care
I watch your channel to get away from politics. Please stick to what you do so well, modeling and reviews.
I learned about tariffs when I was 16 in the 6th form at school. That was many eon's ago. The fact that this topic is having to be explained now, like it's some recent phenomenon, seriously dents any confidence I have in Britain's Secondary Education (that's what it was called in my day) system.
In addition, the fact that so many US citizens willingly voted for their 'orange deity ' without seeming to actually know the purpose of tariffs is terrifying.
To think that this man actually has normal working Americans' interests at heart is simply mind-boggling! 🙄
maybe some new companies should start in america
@@blarrrggg Bring back Matchbox? 😜
Bring back Monogram with newly molded kits made in the U.S. of A..
MAMA!
(Make American Models Again)
The reason free markets are a good idea is that stuff gets made where it makes economic sense. Even if the companies relocate to the USA the product will be more expensive than it is now.
@@alanbeaumont4848 regardless of where it gets made, it's a little odd that there's ~0 american companies in the industry. and it doesn't particularly make economic sense to do business with communists
@@alanbeaumont4848
I'm fine with that and I personally know other modelers in my area who feel the same after discussing the idea at several shows.
Well, tariffs or not, according to captain bonespures shitznpantz it's ' Gina' , not China ! 🤣
The one thing being overlooked here and I hope I’m wrong is Germany of the 1930s ,you wait the next election he will try and overrule it ,it was safer in the Cold War so the prices of our models are the least of worries hope I’m wrong Gary ,hope I’m wrong 😢
Be safe
Mark😊😊
You're wrong about him trying to overrule the next election. No one in either party, nor the citizens would allow that. It's TDS as its worst.
Hi Gary. It's OK. Us Aussies are here to trade with who ever is keen. And a whole bunch of others will trade too. From a modeller POV...meh. I was just looking at my stuff.
Airfix, Eduard, ICM, Revell (Germany), Special Hobby, Tamiya, Italeri, Hobby Boss, Hasegawa, Takom, Fine Molds etc. Paints = SMS, Mr Hobby, Vallejo, Lifecolor, Hakata etc again.
Trade goes on regardless. It's the politics of distraction. "Look over there at them, it's all their fault!!!" Afterwards, you notice your wallets gone.
As a keen student of history I often think the same as the Bowl of Petunias from Hitchhikers "Oh No, Not Again!" 🙂🙂🙂Cheers Matt🦘🦘🦘