WTO rules has been covered i think but in case they haven't then I can shed some light although I'm not an expert I do know the basics which some may not.
We can set our own tariffs which is good news but they have to be applied to the rest of the world. So every country has the same deal essentially. So when
WTO rules has been covered i think but in case they haven't then I can shed some light although I'm not an expert I do know the basics which some may not.
We can set our own tariffs which is good news but they have to be applied to the rest of the world. So every country has the same deal essentially. So when you hear of 40% on clothing or whatever it is, thats if we can't agree to set it lower first. They are default tariffs should no deals be forthcoming.
We even in the EU set tariffs such as the famous 10% on Japanese cars into Britain. We all know the EU is protectionist and this is why. Obviously they rather we buy loads of German cars than Japanese cars. Common sense for the EU sure.
We can then do is set our own taxes and legislations to maximize the benefit for Britain not the whole of EU. British business and finance. The infamous take back control. That's why.
Take tata steel which has been in the news last few years. The UK government couldn't help them as against state aid rules and therefore they went bust. Reason being china is mass producing steel for a tenth of the cost (mainly energy prices which are extortionate here) and dumping it on the world market and everyone is buying it because it simply much cheaper putting companies like tata steel out of work and all those good employees. When we brexit we can either set massive tariffs on Chinese steel so it becomes a level playing field or lower energy costs for tata to compete fairly that way.
I'm no expert but that's it in a nutshell.
you hear of 40% on clothing or whatever it is, thats if we can't agree to set it lower first. They are default tariffs should no deals be forthcoming.
We even in the EU set tariffs such as the famous 10% on Japanese cars into Britain. We all know the EU is protectionist and this is why. Obviously they rather we buy loads of German cars than Japanese cars. Common sense for the EU sure.
We can then do is set our own taxes and legislations to maximize the benefit for Britain not the whole of EU. British business and finance. The infamous take back control. That's why.
Take tata steel which has been in the news last few years. The UK government couldn't help them as against state aid rules and therefore they went bust. Reason being china is mass producing steel for a tenth of the cost (mainly energy prices which are extortionate here) and dumping it on the world market and everyone is buying it because it simply much cheaper putting companies like tata steel out of work and all those good employees. When we brexit we can either set massive tariffs on Chinese steel so it becomes a level playing field or lower energy costs for tata to compete fairly that way.
I'm no expert but that's it in a nutshell.
