Donald Trump talked to reporters after he arrived at Joint Base Andrews, near Washington DC. He outlined further measures, including stopping aid to South Africa, and tariffs on the EU but not on the UK at this stage. He seemed to suggest that the trade balance between the UK and US can be addressed.
Opinions on politics, economics, sport, investment and anything interesting, stocks and shares, art and entertainment, good reads, and cool stuff.
February 03, 2025
Lab Leak Theory Proven
February 02, 2025
New Zealand Visa Waiver and Israel
I tend to agree with the reports from Israel. The New Zealand government are denying requiring Israelis disclose their military service, but anyone who has completed an electronic travel authorisation will know these types of forms ask all sorts of questions. The USA asks that many questions, your head will start spinning.
New Zealand’s government immigration authority has begun to require Israelis applying for a visa to report details of their military service as a condition for entry, and at least one person has been denied admission after doing so, The Times of Israel has learned.
Who Pays a Tariff?
I've found a useful explanation on how tariffs actually work. I don't talk about myself all that much, but something I can say is that I've done a lot of import and export, with goods heading all over the world. I find myself agreeing with the man from shoemaker, Deer Stags.
I now notice talk of the US soon to impose a worldwide 10% tariff on imports. But, I wonder how much of these moves from Donald Trump are actually targeting those who have criticised him, it's kind of convenient that the leaders of Mexico and Canada are both opponents of Trump. Using that logic, the UK must now be in the crosshairs since the UK Labour party sent activists to the US to actively campaign for Kamala Harris. That may come back to bight Keir Starmer on the arse.
More Scandal
With the latest revelations surrounding Prince Andrew's contact with and activities with Jeffrey Epstein, it is about time the British handed him over to the FBI for a formal interview. The email Epstein sent, using the words "...we'll play some more soon!!!" is really quite telling.
February 01, 2025
Dreaded Tariffs
Are we about to enter another era of tariff wars worldwide? We are if the soon to be imposed tariffs on Canada and Mexico come into effect.
Tariffs are usually a negative and are inflationary. They impact the less well off, as well as those on fixed incomes. The effect of this in the USA will also result in US manufactured goods that rely on imported components, becoming more expensive. Workers will lose their jobs.
However, on the other side of the equation; with oil and gas being fully exploited and with oil going into every part of our lives, then the lower prices at the pump will temper the inflationary effects of the tariffs.
It's a wait and see. By comparison, Japan play the game differently as they don't rely on tariffs, but they do use complicated regulations to protect their own industry. An example is with rice. Japan require all rice consumed to be grown in the country, as a matter of strategic importance. However, they do import rice, but it gets further processed into such things as rice crackers. In Japan, you cannot buy foreign rice to be consumed as rice itself.
Below embed is the best I can find so far on the effect of tariffs, apologies for the speaker treating everyone as if they're imbeciles: