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Thread: The True Cost

  1. #21
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    Quote Originally Posted by El Jefe View Post
    But the beauty of Brexit is that WE are in charge of those tariffs rates - so at the next election expect to see some politicians arguing for their reduction/removal and then we will see if the people will vote for cheaper food.

    I suspect they will.
    If you remove tariffs, other countries can flood your market, killing local business. If your not working can you buy food ?

    Secondly why would a country do a trade deal with the UK if the UK has zero tariffs, no incentive if they have free access to your market.

    You might need to rethink that one

  2. #22
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    Quote Originally Posted by Gerry T View Post
    The only consequence is WTO has high tariffs on food, up to 40%. You'll have no problem getting food, there'll be ques of boats from all around the world willing to sell to you. But expect to see prices rise.
    I suppose the upside is the price increase will be a tax imposed by the UK govt (tariff), so the Govt should have money to invest back into the economy... a modern day robin hood. Take from the masses and give to the needy or lazy
    Rubbish,

    Example, Costa Rica is the worlds largest exporter of Pineapples, two thirds of the world pineapples come from there. The price is about 80p per Kilo (shipped). WTO rates are about 6% so about 85p imported. *****ís sell them at a quid, job done and nothing will change.

    New Zealand wants to sell us Lamb like they did before we spectacularly **** all over them due to the CM, a mutual recognition deal already signed. Thatís the thing you sea, the UK isnít allow to sign any trade deals until after 29th March but they can sign recognition deals promising a trade deal.

    Australia says it will sign a deal tomorrow, you seem to think we are some tiny island that buys nothing, well youíre wrong. We are one of the top economies in the world spending obscene amounts of cash and our friends will deal with us.

    Back to tariffs, we set what ever tariffs and schedules are best for us.
    I can explain it to you, but I canít understand it for you.

  3. #23
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    Quote Originally Posted by Gerry T View Post
    If you remove tariffs, other countries can flood your market, killing local business. If your not working can you buy food ?
    If farmers can only survive by subsidy from the the rest of us then removing that subisudy and allowing the rest of us lower prices will boost the economy.

    Secondly why would a country do a trade deal with the UK if the UK has zero tariffs, no incentive if they have free access to your market.

    You might need to rethink that one
    The purpose of trade is to make us richer not the other country. If other countries want to impose high prices on their population then thats up to them. What you are talking about is protectionism and that has never been a successful economic strategy - hence the trend across the world is to reduce tariffs.

  4. #24
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    Quote Originally Posted by El Jefe View Post
    If farmers can only survive by subsidy from the the rest of us then removing that subisudy and allowing the rest of us lower prices will boost the economy.



    The purpose of trade is to make us richer not the other country. If other countries want to impose high prices on their population then thats up to them. What you are talking about is protectionism and that has never been a successful economic strategy - hence the trend across the world is to reduce tariffs.
    Do you not know. In April the UK Govt will impose on ALL imports tariffs. This pushes up the prices. THE UK GOVT are doing this. The tariff is a UK tariff. The UK govt is running what you call a protectionist racket for its local farmers. Thats what you voted for with Brexit.


    Well if that's the Trend why is the UK leaving the largest free trade area to impose high tariffs. That's what it's doing with Brexit.

    If you import goods YOUR money leaves the UK economy and that doesn't make you richer.
    By exporting all you sell brings more money into your country. So yes removing barriers to gain exports is a key strategy. Leaving the EU stops you doing what you say you want to do

  5. #25
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    Quote Originally Posted by Gerry T View Post
    Do you not know. In April the UK Govt will impose on ALL imports tariffs. This pushes up the prices. THE UK GOVT are doing this. The tariff is a UK tariff. The UK govt is running what you call a protectionist racket for its local farmers. Thats what you voted for with Brexit.
    No - you totally misunderstand again. I voted for the freedom to make our own decisions.

    Well if that's the Trend why is the UK leaving the largest free trade area to impose high tariffs. That's what it's doing with Brexit.
    I'm not suggesting anyone imposes high tariffs.

    If you import goods YOUR money leaves the UK economy and that doesn't make you richer.
    By exporting all you sell brings more money into your country. So yes removing barriers to gain exports is a key strategy. Leaving the EU stops you doing what you say you want to do
    In that case as we have had a trade deficit with the EU ever since we entered we may as well leave and save ourselves £10Bn a year - as it obviously is not in our best interests.

    Perhaps you need to rethink that argument..

  6. #26
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    Quote Originally Posted by El Jefe View Post
    No - you totally misunderstand again. I voted for the freedom to make our own decisions.



    I'm not suggesting anyone imposes high tariffs.



    In that case as we have had a trade deficit with the EU ever since we entered we may as well leave and save ourselves £10Bn a year - as it obviously is not in our best interests.

    Perhaps you need to rethink that argument..
    It's 7b not 10b, while you might not advocate high tariffs your Govt will be putting over 45% on the price of meat, fact. You had a trade deficit, post a hard brexit people in the UE can pick from the shelf the same UK product, at a higher price (tariff) or an alternative without a tariff which comes from another EU country.

  7. #27
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    Quote Originally Posted by Gerry T View Post
    It's 7b not 10b, while you might not advocate high tariffs your Govt will be putting over 45% on the price of meat, fact. You had a trade deficit, post a hard brexit people in the UE can pick from the shelf the same UK product, at a higher price (tariff) or an alternative without a tariff which comes from another EU country.
    Or we can vote in a government that abolishes the tariffs and we access world prices for food that are 15% less than in the protectionist EU. In the future the UK public will decide if paying higher prices for food to keep farmers in the way of life they have become used is what they want to do.

    Democracy - aint it grand

  8. #28
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    Quote Originally Posted by El Jefe View Post
    Or we can vote in a government that abolishes the tariffs and we access world prices for food that are 15% less than in the protectionist EU. In the future the UK public will decide if paying higher prices for food to keep farmers in the way of life they have become used is what they want to do.

    Democracy - aint it grand
    If you abolish tariffs then no country will do a FTA with the UK. They will sell to you and you will have to sell to them with Tariffs added. Not a good plan. It's not a protectionist EU. All WTO countries apply tariffs of similar value..so its really the protectionist world. Those barriers are dropped when 2 countries agree FTA's. As the EU has the most FTA's on the planet it would by definition be the least protectionist area on the planet.

  9. #29
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    Quote Originally Posted by Gerry T View Post
    It's 7b not 10b, while you might not advocate high tariffs your Govt will be putting over 45% on the price of meat, fact. You had a trade deficit, post a hard brexit people in the UE can pick from the shelf the same UK product, at a higher price (tariff) or an alternative without a tariff which comes from another EU country.
    It’s actually £9 Billion, which is closer to 10 than 7.
    I can explain it to you, but I canít understand it for you.

  10. #30
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    Quote Originally Posted by Gerry T View Post
    If you abolish tariffs then no country will do a FTA with the UK. They will sell to you and you will have to sell to them with Tariffs added. Not a good plan. It's not a protectionist EU. All WTO countries apply tariffs of similar value..so its really the protectionist world. Those barriers are dropped when 2 countries agree FTA's. As the EU has the most FTA's on the planet it would by definition be the least protectionist area on the planet.
    The least protectionist area on the planet hiding behind its protectionist wall.

    You also make these statements as though they are fact, when they are just your opinion and not actually backed up by what is happening in the world. What you dont understand (or ignore) that financial tariffs are just one part of the equation - nontariff barriers are equally as important. So the UK can drop its financial tariffs on imports to make UK consumers better off and at the same time it will still be attractive to foreign trading partners to agree a FTA to remove the nontariff barriers to trade.


    https://www.investopedia.com/terms/n...ff-barrier.asp

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