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originally posted by: Jubei42
a reply to: eletheia
You do realize that this money is just EU contributions and subsidy and has nothing to do with trade?
And if the continuation of the EU stands or falls with the UK being in or out, well, then it's wasn't much to begin with.
But I recon we'll be fine
And it will go on after Brexit, but the EU will suffer without
the UK contributions unless it can find another member to take up
originally posted by: ManFromEurope
a reply to: dragonridr
Hmm. Your info is correct (found a database, here is an example for flower bulbs etc.).
But as you said, usually the tariff is low, to not disturb free trade too much (just taking a bit of the top, and some slices from the left and the right side of the cake, and maybe some taste of the filling, too... so to say)
The punitive tariff would be much more, of course.
Okay, in this case, tariffs are plenty abound. And some stuff isn't wanted from the other country (like Kinder-chocolate eggs or HFCS - oh, compare the German version of wikipedia on this topic to the English version. Quite some difference..), so there are regulations there, too.
Now, is this just a show to embolish the way of "buy local"?
If the EU wants to be fair remove the Tariffs on US goods and standardize requirements so American products can compete. Until then the EU whinning about possible tariffs the US may place Is laughable at best.
originally posted by: Jubei42
Except that it is the UK that will suffer because they no longer have access to the internal market. The fact that the EU no longer has access to the UK market is aslo not good for business, but not nearly as damaging.
That's why it is so important for the UK to negotiate themselves back into the internal market.
Access to internal market = free trade
No access = traiffs, customs delay and what not
originally posted by: eletheia
And as the EU sells more to the UK .... If we go elsewhere for our requirements
Trading is a two way business usually beneficial to both parties, sometimes
one party gets greedy and wants control ( eg. that huge cumbersome bloc
aka the EU) thats when things begin to fall apart.
*Free trade* is not free when you have to pay to belong to the club.
originally posted by: crayzeed
Come on Eletheia tell me what we can export that aint owned by the French, Germans, Japanese, Chinese, Russians and all and sundry cos the UK has got no big businesses to pull any big money into the UK economy. Oh, I forgot Bombardier, but then again the US just blew that out of the water.
The 30 largest export commodities of the United Kingdom (UK) in 2016 range from machinery and pharmaceutical products to paper, textile and crude materials. Mechanical machinery was the most valuable commodity with exports being worth 40.6 billion British pounds. Cars and electrical machinery came in second, at 30.4 billion and 25.4 million respectively. Overall the 30 largest export commodities had a worth of 279.6 billion British pounds. By comparison, electrical machinery was the largest UK import commodity, with a value of 53.4 billion British pounds. Mechanical machinery and cars made up the top three of most valuable import commodities. According to data regarding the largest export commodities of the United Kingdom, the most important export market was the United States, with an export value of 47.5 billion British pounds.
12 Sep 2017 - There was a huge reaction when New York dethroned London as the world's top financial hub in 2013. But the British capital regained its crown in 2015 and this year extended its lead despite the UK's looming departure from the European Union.
London Retains Its Crown as World's Top Financial Center
11 Sep 2017 - London retained its crown as the world's top financial center in a ranking that surveys industry professionals, extending its lead over New York and Hong Kong despite ongoing uncertainty about the implications of Brexit.
originally posted by: watchitburn
The EU is falling apart.
Let them put up their tariffs, they won't last long.