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#balanceoftrade

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Stephen Elliott~Buckley<p><span class="h-card" translate="no"><a href="https://ciberlandia.pt/@per_sonne" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>per_sonne</span></a></span> <span class="h-card" translate="no"><a href="https://wandering.shop/@cstross" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>cstross</span></a></span> <span class="h-card" translate="no"><a href="https://mastodon.gamedev.place/@StompyRobot" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>StompyRobot</span></a></span> <span class="h-card" translate="no"><a href="https://mastodon.scot/@petealexharris" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>petealexharris</span></a></span> <span class="h-card" translate="no"><a href="https://infosec.exchange/@tbortels" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>tbortels</span></a></span> <span class="h-card" translate="no"><a href="https://mstdn.social/@Remittancegirl" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>Remittancegirl</span></a></span> </p><p>Economics dorkery truly is a peak human experience!</p><p><a href="https://mastodon.social/tags/penguins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>penguins</span></a> <a href="https://mastodon.social/tags/ai" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ai</span></a> <a href="https://mastodon.social/tags/tld" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tld</span></a> <a href="https://mastodon.social/tags/ReciprocalTariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ReciprocalTariffs</span></a> <a href="https://mastodon.social/tags/balanceoftrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>balanceoftrade</span></a> <a href="https://mastodon.social/tags/morepenguins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>morepenguins</span></a> <a href="https://mastodon.social/tags/cusma" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cusma</span></a> <a href="https://mastodon.social/tags/reciprocity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>reciprocity</span></a> <a href="https://mastodon.social/tags/BigHands" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BigHands</span></a></p><p><a href="https://mastodon.social/tags/cdnpoli" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cdnpoli</span></a> <a href="https://mastodon.social/tags/canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>canada</span></a> <a href="https://mastodon.social/tags/mexico" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>mexico</span></a> <a href="https://mastodon.social/tags/fascism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fascism</span></a> <a href="https://mastodon.social/tags/antifa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>antifa</span></a> <a href="https://mastodon.social/tags/elbowsup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>elbowsup</span></a></p>
Ferdi Magellan<p><span class="h-card" translate="no"><a href="https://aus.social/@maudenificent" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>maudenificent</span></a></span> <span class="h-card" translate="no"><a href="https://aus.social/@treleanor" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>treleanor</span></a></span> Global demand for steel and aluminium has not declined. I would have thought all those reciprocal tariffs slapped on the USA would increase demand for Australian steel. </p><p>The USA’s recent demand for gold has done wonders for our balance of trade. Until recently we were buying nearly double what the USA bought from us. Everyone needs to cease buying anything from the USA. </p><p>Agree that, sadly, a contracting US economy drags the whole world down with it. The USA becoming isolated and friendless is a strategy that could have been written by Russia and China. </p><p>Peter Dutton is a fckin moron. We should never cave to a bully. </p><p><a href="https://aus.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPol</span></a> <a href="https://aus.social/tags/Auspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Auspol</span></a> <a href="https://aus.social/tags/BalanceOfTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BalanceOfTrade</span></a> <a href="https://aus.social/tags/TariffWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TariffWar</span></a> <a href="https://aus.social/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://aus.social/tags/TreasonWeasel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TreasonWeasel</span></a></p>
Emeritus Prof Christopher May<p>Larry Elliot observes two key issues about the domination of <a href="https://zirk.us/tags/services" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>services</span></a> in the UK economy:</p><p>1. services firms are concentrated in <a href="https://zirk.us/tags/London" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>London</span></a> &amp; SE increasing the problem of regional <a href="https://zirk.us/tags/inequality" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inequality</span></a>; </p><p>2. Despite their success, they cannot counter the massive deterioration in the <a href="https://zirk.us/tags/balanceoftrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>balanceoftrade</span></a> in commodities &amp; manufactured goods, that is driving our worsening trade deficit;</p><p>to which I would add:<br>3. due to their character services do little for the UK's <a href="https://zirk.us/tags/productivity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>productivity</span></a> problem!</p><p><a href="https://www.theguardian.com/business/2023/aug/13/trade-deficit-danger-being-sidelined-fight-inflation-investment" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/business/2023/</span><span class="invisible">aug/13/trade-deficit-danger-being-sidelined-fight-inflation-investment</span></a></p>