Bonkers

Tks Richard. Great to see you are on Bluesky 👍

The monster is rapidly losing its claws
Australia widens teen social media ban to YouTube www.rte.ie/news/world/2...

Apparently PM Meloni of Italy has other ideas, of accepting the 10% baseline for now

Well you (and Prez Trump) appear to have a pipe dream that the U/States can revert to being the manufacturing powerhouse of the pre-WW2 era, when at least a 1/3 of the workforce manufactured items that cld dominate global markets. Unfort the rest of us struggle to believe that - but there you go..

Ha unfort its quite a big factor. Maybe stick to the accounting. Im not sure the 93% of the US workforce will want to go into your factories. But cest la vie..

Why? You think US manufacturing can undercut China, Vietnam, India, S Korea etc on unit labour cost? Ok Rhys.

Yeah go the US electorate in their full employment labour market, where the average wage is almost $67,000 and tell them their future is in making industrial goods for low factory wages, where only 7% currently make anything. Ok Rhys. 🫠

Its actually smaller than 1%. And no trade imbalance is 'permanent'. You really need to read beyond GOP talking points.

In fact its (EU) trade surplus (goods and services) with the US is quite modest, less than 1% of gdp. Several EU countries, such as Spain, actually run a goods deficit with the United States.

I still struggle to see how pharma and med tech plants (existing ones) shift to the US. For me, a more likely outcome is new capacity goes to the US, and is trumpeted by the firms when announced. But with mid-terms next year I suspect a lot of MNCs will just tread water for a while

True. It may also- positively- bring more balance to the mix between the indigenous and the FDI sector which has been arguably out of whack for while now

Good point Kevin- what does this 'adjustment' look like though? in an ecomomic or industrial policy sense...