Brexit

[pip08456]

Oh dear,


Donald J. Trump
‏Verified account @realDonaldTrump

The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!

And the US Government don’t support/subsidise US plane makers with their military procurement...

In 2016, the US Government spent nearly $100 billion with US aviation companies - Lockheed Martin ($36.2 billion), Boeing ($24.3 billion), Raytheon ($12.8 billion), General Dynamics ($12.7 billion), and Northrop Grumman ($10.7 billion).

And it’s gone up since then.

[1andrew1]

Originally Posted by pip08456

Oh dear,


Donald J. Trump
‏Verified account @realDonaldTrump

The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!

Not too sure this is too Brexit-related.

[jfman]

Originally Posted by 1andrew1

Not too sure this is too Brexit-related.

That’s our big glorious trade deal right there. Slapping $11bn of tariffs on the EU because Boeing’s flagship plane is a pup.

[nomadking]

Originally Posted by 1andrew1

Not too sure this is too Brexit-related.

Depends on how it's worded. In the tariffs are against the EU as an entity, then after Brexit(not that that's going to happen, is it?), then the tariffs would not apply to the UK. If the UK enters into some sort of customs union(eg the withdrawal agreement) with the EU, then they might still apply.

[jfman]

Originally Posted by nomadking

Depends on how it's worded. In the tariffs are against the EU as an entity, then after Brexit(not that that's going to happen, is it?), then the tariffs would not apply to the UK. If the UK enters into some sort of customs union(eg the withdrawal agreement) with the EU, then they might still apply.

And in the absence of a trade deal with the USA how do said tariffs compare with WTO rules? I’d imagine the same so we will be no better/worse off.

[nomadking]

Originally Posted by jfman

And in the absence of a trade deal with the USA how do said tariffs compare with WTO rules? I’d imagine the same so we will be no better/worse off.

The possible US imposed tariffs will be additional to any existing ones, so with Brexit we might avoid those additional tariffs. The issue raised was whether this story is Brexit related.


It just highlights how tethered to the EU we would be with a customs union.

[pip08456]

Originally Posted by nomadking

The possible US imposed tariffs will be additional to any existing ones, so with Brexit we might avoid those additional tariffs. The issue raised was whether this story is Brexit related.


It just highlights how tethered to the EU we would be with a customs union.

Thanks for explaing to them how it was Brexit related. They would've seen it straight away but for those rose tinted glasses.

[Carth]

Originally Posted by Dave42

royal assent given now in law

what are 'divers acts' then?

[nomadking]

Originally Posted by Carth

what are 'divers acts' then?

Link

Definition of divers (Entry 2 of 2)
: an indefinite number more than one

with divers of the leaves torn and stitched across— Charles Dickens

[Carth]

Cheers nomadking, I doubted it was a simple spelling error (diverse), and curiosity got the better of me regarding 'old school' Queens English

[jfman]

Originally Posted by nomadking

The possible US imposed tariffs will be additional to any existing ones, so with Brexit we might avoid those additional tariffs. The issue raised was whether this story is Brexit related.

It just highlights how tethered to the EU we would be with a customs union.

Under WTO preferred country rules can the USA apply such a tariff only to the EU? Surely if we traded on WTO terms with the USA they’d still apply to us, we’d just be outside the EU.

Apparently the Daily Mail readers comments about the Queen signing the Bill are "interesting", with some calling her a traitor, and others stating that she and her family need to leave the country.

[nomadking]

Originally Posted by jfman

Under WTO preferred country rules can the USA apply such a tariff only to the EU? Surely if we traded on WTO terms with the USA they’d still apply to us, we’d just be outside the EU.

The possible new tariffs are under WTO rules.

The US is considering imposing tariffs on about $11bn (£8.4bn) worth of goods from the European Union in response to subsidies that support Airbus.The World Trade Organization (WTO) has found that the subsidies have an adverse impact on the US.

[jfman]

It’s catching:

https://www.theguardian.com/politics...bour-live-news

1.53 from Mark Francois

“If you now try to hold on to us against our will, you will be facing Perfidious Albion on speed. It would therefore be much better for all our sakes if we were to pursue our separate destinies, in a spirit of mutual respect.”