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U.K. EV values fall off a cliff
Me? Well, I'm not in Thailand but in the UK. Bought a new Mercedes-Benz V-Class diesel just 3 months ago. Range of 650 miles on a 5 minute fill-up to full. 41 miles per gallon. Same purchase price as the equivalent electric, EQV that has a meagre range of 222 miles on a 45 minute charge on a fast charger - if available (and at best). My vehicle will last far longer than an EV with no replacement of battery needed. Fine for the EVangelists who can charge at home from solar who only need a short range and are happy with massive depreciation and battery replacement costs. BTW: My last V-Class was 6 years old and it sold for only £18,000 less than purchase price (just £3,000 per year depreciation with 192,000 miles). EV's suit some but not everyone. Choose your best option.I know the best option for me. -
168
Economy US Imposes 19% Tariff on Thailand in Major Trade Shift
Got it. Fixed it for you. The USA has the right to protect its domestic industries (e.g., automotive manufacturing) and balance trade agreements with local economic needs. Indirect barriers, like safety standards or subsidies, often serve legitimate purposes—protecting consumers, fostering local growth, or ensuring cultural fit. Dismantling them to favor foreign goods could destabilize the USAs economy without clear benefits. -
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Politics Jatuporn Slams Gov’t Envoy Over “Foolish” Ceasefire Deal
...... a despicable fascist!!! -
168
Economy US Imposes 19% Tariff on Thailand in Major Trade Shift
Probably the most tragic aspect of these tariff policies is the fact that they're driving countries away from the US and towards China. With the US relinquishing its role as a world leader and a nation that seems to care about things like poverty and disease, they appear to be creating this enormous vacuum that China is eager and willing to fill. Africa is adjusting to the new reality of US President Donald Trump’s tariffs, with countries on the continent facing some of the highest export charges. But what could become a crisis is an opportunity for United States rival China, which has long courted African countries and is now offering them a lifeline. “We (Africa) are going straight into the hands of China,” Nigerian economist Bismarck Rewane told CNN. That is the unfortunate outcome,” Rewane said of Africa’s expected further shift toward China, which has emerged in recent years as the continent’s largest bilateral trading partner. Four African nations - Libya, South Africa, Algeria and Tunisia - face some of the steepest tariffs imposed by the Trump administration, with charges on exports ranging from 25% to 30%. China has offered to soften the impact of US tariffs on Africa, saying in June it would halt charges on imports for nearly all its African partners. There is no other opportunity for African countries to strengthen South-South trade (among developing nations) than now,” South African researcher Neo Letswalo told CNN, while urging countries to “solely turn to China and make it the next US.” America is gradually forfeiting its global leadership status,” Letswalo said, adding that the more countries “become less dependent on the US, the greater opportunity for China to become an alternative.” Before the tariff deadline, the US did not make a trade deal with any African nation despite efforts from the continent to avoid the tariffs, underscoring Africa’s place on the White House’s priority list. Gwede Mantashe, South Africa’s minister of mineral and petroleum resources, told reporters Tuesday that other routes are being sought for South African goods. "If the US imposes high tariffs, we must look for alternative markets,” he said. “Our biggest trading partner is China, not the US. The US is num ber two,” Mantashe added. https://www.cnn.com/2025/08/02/africa/trumps-tariffs-africa-and-china-intl- 1
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68
Another TACO from Trump
The top Democrat on the Senate Finance Committee called President Donald Trump’s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday “the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy.” “Bottom line, Trump wants to cook the books,” said Sen. Ron Wyden of Oregon in a statement shortly after Trump fired McEntarfer on the heels of a weaker-than-expected jobs report by the BLS. Trump can’t get through a single day without making some catastrophic decision that undermines confidence in the U.S. economy, and although the Bureau of Labor Statistics might sound obscure to people outside Washington, Trump’s interference with jobs data is a nightmare scenario that will do long-lasting harm,” Wyden said. “It’s long past time for Senate Republicans to find the courage to stand up to this dictatorial behavior, and there is no way the Senate can accept some Trump lackey as the head of BLS,” the senator said. Wyden’s criticism was echoed by Senate Minority Leader Chuck Schumer, D-N.Y., who said Trump was acting like a dictator and a “bad leader” who “shoots the messenger” after hearing bad news about the economy. “Well, Donald Trump, firing her isn’t going to relieve the chaos that you created with your ramshackle tariff regime,” Schumer said on the Senate floor.
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