If you're a higher rate tax payer, a SIPP wins every time (40% tax benefit vs the 20% LISA bonus)
Paying into a SIPP also reduces your taxable income for benefits too, e.g. marriage allowance, child benefits. A LISA does not
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Trading the stockmarket (NO Referrals)
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Paying into a SIPP also reduces your taxable income for benefits too, e.g. marriage allowance, child benefits. A LISA does not
And here we go again.
news.sky.com
Trump to double tariffs on steel imports - as he threatens China
The US president says the levy - also affecting aluminium imports - will be in effect from Wednesday and that American "industries are coming back like never before".
It's almost as if he doesn't get briefed as to where most manufacturers get their steel/iron/alu from. It's China. I work for a group of companies that make metal products and quite a bit of their materials come from China to be turned into products in the UK and US.And here we go again.
Trump to double tariffs on steel imports - as he threatens China
The US president says the levy - also affecting aluminium imports - will be in effect from Wednesday and that American "industries are coming back like never before".
If they turn the taps off to external supply, internal supply will bump prices due to scarcity or until production can meet the vast demand.
Caporegime
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That's the overall plan, bring manufacturing back to the US and suck up the cost. It's not even a terrible plan, its just been implemented chaotically.
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I think the problem is that there only are so many metal production units in the states and is rather expensive to spin up new ones, especially in certain states where taxes and environmental laws might block it.
I think buying in some from outside is fine, it plugs the gaps and keeps prices honest.
Why would you risk huge capital projects with this regime. They could lose the court case and have to reverse out of these unilateral tariffs. 2-3 years to get a plant up and running and Trump is out of office. This unpredictability is driving capital out of the US not attracting it.
Caporegime
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Yup a smarter plan would be to slowly ramp US production and wean off imported materials, investment would be much easier with a predictable economic climate/plan.
At the moment tariffs change wildly, usually coming on an a gone by Monday.
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Let's not forget that only 5 years ago container shipping prices were running at 400%+ current costs ($20,000 per 40 footer at one point), they were able to make money then, I'd dare say most will still try to make that work.
The guy doesn’t now ****, and he’s living in the past..
We had a similar person in the local fb group who was planning to run for local council. He was promising the “good old days” of ships in the canal docks where young people can earn an honest living.
It was pointed out to him that there’s already enough back breaking work, which the uk youth don’t want to do and it’s done by immigrants already..
yeah let’s knock down all those offices where they can get a white collar job and work to a healthy age to build warehouses for the containers, for back breaking labour at minimum wage for them to retire early due to poor health.
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What would be a better way to shock everyone into action? Tariffs are a hammer no doubt, but pretty effective. It's not like Keynes wasn't in favour of tariffs as well. The irony in modern economist's blind spot. But it's got everyone talking about it in this thread, even if the takes are shockingly bad. It's still conversation, which is essential.
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All that matters for this thread is what people are investing in, and how much they are making or losing.
Soldato
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US mass manufacturing of goods across the value spectrum is never going to happen, I don't understand why that's difficult to understand. Even if they had a long term 60-70 year plan of how to get there with massive government tax incentives, skills programmes, investment zones and associated infrastructure plans, it still wouldn't make sense because labour wouldn't be cheap enough to make it viable. The only way it works is with mass automation which defeats the supposed purpose of bringing jobs back to poorer regions. It's total nonsense.
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Understanding the reasons for the tariffs is essential to profit/loss, so yeah, it's absolutely worth talking about.
So you don't have a better alternative?
Alternative to what? I only care what he does in relation to my investments.
For everything else, there is actually a Trump thread.
Isn't that the goal? all of our basic necessities met via robotics?
Tariffs. What else could America do to shock countries into rebuilding a system that works for everyone?
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Indeed, keep it on topic please guys
How is this not on topic though? Global macro, finance and understanding what investment will do well when system is rebuilt. Because the investments that have worked in the past will not work in the future if this all plays out
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This thread is about personal investing. If you want to talk about America and tariffs, use the appropriate threads please.
I don't get why the conversation in this thread has be so narrow. People talking about this stuff and trying to understand it is very much about investing. I'll leave it at that.
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Because politics discussions are strictly kept in Speakers Corner.