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UK plans to slash up to 90% of tariffs if there is no-deal Brexit
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Originally posted by Yorkie62 View Post
The EU 27 + the 48 poorest countries + Japan etc etc are currently on zero tariffs"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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The story is a bit odd. Its not clear whether they mean 90% of the tariff schedule lines, or 90% of things we don’t make here, etc.
Business reps such as the IOD are mostly concerned that it’s being done in secret, with no consultations. Doesn’t bode well if it’s Gove and the disgraced former defence secretary Fox that are setting the rates.
Once the dust has settled, it’ll be interesting to see what the trade wonks make of it. Cut too much, and we have nothing left to offer anyone for FTAs (it goes without saying that although we might be considering dropping our tariffs, to other countries we’ll be on their third-country MFN rates).Comment
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Originally posted by Yorkie62 View PostComment
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Unilaterally removing almost all tariffs will really strengthen the UK's negotiating position in future trade deals.
I'm alright JackComment
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Originally posted by BlasterBates View PostUnilaterally removing almost all tariffs will really strengthen the UK's negotiating position in future trade deals.
Yes, but if we start importing cheap food from abroad, that will put the UK farmers out of business, so no need to support them, they can then sell their land to property developers who can put up loads of houses, which can be sold to investors, thus keeping the economy flying.…Maybe we ain’t that young anymoreComment
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Originally posted by BlasterBates View PostUnilaterally removing almost all tariffs will really strengthen the UK's negotiating position in future trade deals.
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Normally exports are tarrif free and imports have tarrifs.
You don't normally penalise companies exporting. The EU are not going to charge themselves a duty to export to the UK but they most likely will charge a duty on UK exports to protect their economy.
Some countries like Argentina add a duty to meat so that their farmers dont export all the meat.
Sent from my SM-A320FL using Contractor UK Forum mobile appComment
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Originally posted by Brussels Slumdog View PostNormally exports are tarrif free and imports have tarrifs.
You don't normally penalise companies exporting. The EU are not going to charge themselves a duty to export to the UK but they most likely will charge a duty on UK exports to protect their economy.
Some countries like Argentina add a duty to meat so that their farmers dont export all the meat.
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Intervention tariffs will have be charged after Brexit on all goods that receive a UK government subsidy eg. farm produce and maybe fish."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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