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Tariffs

Amity Island

Amity Island

Well-Known Member
Relationship to Diabetes
Type 1
Has anybody got any knowledge of tariffs and/also stock market? This old video of Reagan on Tariffs shows an opposing view of using tariffs.

 
Reagan's views seem to be what most 'experts' think, and history has a precedent for high tariffs leading to problems (As he states.)

I believe Argentina used tariffs to protect is electronics industries, but as a consequence costs were higher, and the industry relied on government support. It did boost some local production, but led to quite stagnant products and inefficient factories.

You could argue that the UK car industry of the post war years was protected via tariffs up until the early 70s. It ended up being an inefficient industry with poor productivity and products that were not particularly great - and ended up being nationalised.

The world is different now, though. Supply chains are more intertwined, skills bases have moved around, etc.

There's probably a place for tariffs, but Trump's approach doesn't seem to be the best use of them, IMHO!
 
I'm sorry @harbottle - The whole of the UK car industry was by no means as bad as some of it was (and I'm not disagreeing that some of it definitely was!)

Rolls Royce, Aston Martin, Morgan, Daimler and others - continued and some still continue to build damned good machines.

Now - whether normal folk can afford to buy em is a different question of course, as ever. :rofl:
 
trophywench said:
I'm sorry @harbottle - The whole of the UK car industry was by no means as bad as some of it was (and I'm not disagreeing that some of it definitely was!)

Rolls Royce, Aston Martin, Morgan, Daimler and others - continued and some still continue to build damned good machines.

Now - whether normal folk can afford to buy em is a different question of course, as ever. :rofl:
Click to expand...

I'm mainly talking about the mass market vehicles, in particular those that ended up in British Leyland and the Rootes group, which pretty much collapsed and dwindled to nothing more than an assembly plant on the outskirts of Coventry putting vehicles together from parts flown in from Europe. It was an industry protected by tariffs and could not compete with the imported cars from Japan when tariffs were lowered and it became affordable (And easy) to buy a car.

Daimler was just a badge used by Jaguar for Jaguars with fancy interiors by the 1960s and no longer exists in the UK. (And Daimler in the UK was not the same company as Daimler in Germany, the name was used under license.)

British cars are put together with hardware from elsewhere these days. Rolls use BMW engines, Aston Martin use Mercedes Engines in some models. They also use a lot Mercedes ECUs. Morgan use BMW and Ford engines, Bentley use Audi. JLR use their own now.

My Dad bought a Rover in the 1980s when I was a kid and never bought another British until his last car in the early 2000s, which was a Jaguar. It spent more time in the garage being fixed than on the road!
 
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