The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[TobiasM]

	Quote:	Loz1983
	The U.K. steel industry is a joke run by Indians that is in terminal decline anyhow. It took government intervention to prevent Port Talbot from closing a couple of years back. These tariffs will hit the rest of the EU much harder.

Regardless it shows that we cannot rely on the US as a future alternate to the EU.

https://www.bbc.com/news/uk-44320257

	Quote:	TobiasM
	Regardless it shows that we cannot rely on the US as a future alternate to the EU. https://www.bbc.com/news/uk-44320257

That’s even less than I expected, the U.K. steel industry really is a joke! 7% steel exports to the US and aluminium exports negligible. The U.K. government will huff and puff about this for political reasons but I doubt they’ll really care too much.

[marton]

	Quote:	Loz1983
	The U.K. steel industry is a joke run by Indians that is in terminal decline anyhow. It took government intervention to prevent Port Talbot from closing a couple of years back. These tariffs will hit the rest of the EU much harder.

Will not do the US much good anyway.

Strange idea putting tariffs on raw materials that are used to create goods in the US that in turn will be harder to export due to the higher costs.

[TobiasM]

	Quote:	Loz1983
	That’s even less than I expected, the U.K. steel industry really is a joke! 7% steel exports to the US and aluminium exports negligible. The U.K. government will huff and puff about this for political reasons but I doubt they’ll really care too much.

Sure it’s not the glory days of British industrialisation, but the Steel industry still employs a lot of people and 350mil annually is not insignificant. The point here is not just the tariff on steel and alu. But the response from the EU that signifies a tit for tat mentality that might cause further trade tariffs that will effect more significant British industries.

[Sandgrounder]

	Quote:	TobiasM
	350mil annually is not insignificant.

Won't they recoup that back from the EU in savings, though. Remember Boris' bus..?

350 mil for the NHS or some-such.

[Medea Fleecestealer]

This shows the EU at it's silliest.

"A Conservative MEP from Norfolk has waded into a diplomatic row over the fate of a pregnant Bulgarian cow.

Penka is due to be put down after straying over the border into non-EU member state Serbia.

John Flack, who represents the East of England, has called on senior politicians to intervene and save her from imminent slaughter.

Bulgarian officials said strict EU importation rules meant the animal had to be destroyed.

Penka, which is set to calve in three months' time, wandered away from the herd near the village of Kopilovtsi, close to the Serbian border."

http://www.bbc.com/news/uk-england-b...herts-44341576

[baboon]

	Quote:	Medea Fleecestealer
	This shows the EU at it's silliest. :msnsarcastic

Perhaps you should think about the very valid reasons for those rules before you scoff.

On a very similar idea, find out what happens according to UK law if you try to bring a dog into the UK without following all the vetiniary requirements.

[Medea Fleecestealer]

	Quote:	baboon
	Perhaps you should think about the very valid reasons for those rules before you scoff. On a very similar idea, find out what happens according to UK law if you try to bring a dog into the UK without following all the vetiniary requirements.

I'm fully aware of the valid reasons for those rules and yes, most times they should apply. Not, however, to a cow wandering a few feet across an invisible border for a few minutes. Or is Serbia really that unhealthy a country for animals of all kinds? And what about her owner? Do they face a big fine for not fencing off the border so she couldn't wander?

There's this little thing called common sense which should be applied in this case.

[baboon]

	Quote:	Medea Fleecestealer
	I'm fully aware of the valid reasons for those rules and yes, most times they should apply. Not, however, to a cow wandering a few feet across an invisible border for a few minutes. Or is Serbia really that unhealthy a country for animals of all kinds? And what about her owner? Do they face a big fine for not fencing off the border so she couldn't wander? There's this little thing called common sense which should be applied in this case.

Actually i just checked the law and Serbia is on the list of allowed countries. So the whole think is a complete non-story anyway, I can only assume that the Bulgarians and/or the MEP are pushing their own agenda here.

Oh and "common sense" never applied to the UK and rabies law in similar circumstances.

[Sandgrounder]

Some people would be much better without the Twitter (and its undeletable archives)...

FFS, Farage you utter pillock.

[StirB]

	Quote:	Sandgrounder
	Some people would be much better without the Twitter (and it's undeletable archives)... FFS, Farage you utter pillock.

Oh Nigel. He's been suckling at the teat of the orange alternative factster for too long it seems.

[amogles]

	Quote:	marton
	Will not do the US much good anyway. Strange idea putting tariffs on raw materials that are used to create goods in the US that in turn will be harder to export due to the higher costs.

I think it's more like VAT. Suppose you buy Swiss cheese in Germany and bring it back to Switzerland. You recover the German VAT but pay the Swiss one. Suppose Germany also had a tarif on Swiss cheese. You would then also reclaim that on the border, only from the Swiss side rather than the German one.

[marton]

	Quote:	amogles
	I think it's more like VAT. Suppose you buy Swiss cheese in Germany and bring it back to Switzerland. You recover the German VAT but pay the Swiss one. Suppose Germany also had a tarif on Swiss cheese. You would then also reclaim that on the border, only from the Swiss side rather than the German one.

No it is not like VAT!

You cannot claim back tariffs

Your example is weird!
Why on earth would Switzerland want to pay back to you a tariff that they already paid the first time to Germany.
So for Switzerland your proposed process would double the cost of tariffs on Swiss cheese, once paid to Germany and once refunded to you .

And why would the Swiss taxpayer want to fund these tariff refunds?

[Blueangel]

Just another example of a Brexiteer who has no idea of the true implications.

[bowlie]

	Quote:	marton
	Will not do the US much good anyway. Strange idea putting tariffs on raw materials that are used to create goods in the US that in turn will be harder to export due to the higher costs.

The largest exporter of steel to the US is Canada. But the US exports more steel to Canada than it imports from there. So Canada matches the US tariffs.

Who is the biggest loser? US steel exporters.

Much of the steel exported to Canada goes to US owned car manufacturers who export most of their production to the US.

Who loses? US car manufacturers and US consumers.

[StirB]

	Quote:	Blueangel
	Just another example of a Brexiteer who has no idea of the true implications.

He's not having the best day on any of his active threads, it's not limited to Brexit.

[Urs Max]

	Quote:	bowlie
	The largest exporter of steel to the US is Canada. But the US exports more steel to Canada than it imports from there. So Canada matches the US tariffs. Who is the biggest loser? US steel exporters. Much of the steel exported to Canada goes to US owned car manufacturers who export most of their production to the US. Who loses? US car manufacturers and US consumers.

An alternative is for Canada to use the proceeds to finance support for the Canadian car manufacturers to make it a zero-sum game. Can't do that directly due to WTO rules but where's a will there's always a way; if all else fails declare it a matter of national security like Trump just did. The car manufacturers are US but the jobs are Canadian so there may well be a will.

[bowlie]

There aren’t any Canadian car manufacturers. Just those subsidiaries of US companies.

The obvious answer is to divert Canadian steel to the US owned factories avoiding the tariffs, and screwing the US steel industry.

[marton]

	Quote:	bowlie
	There aren’t any Canadian car manufacturers. Just those subsidiaries of US companies. The obvious answer is to divert Canadian steel to the US owned factories avoiding the tariffs, and screwing the US steel industry.

Problem is that the word steel covers a host of different products with different forms and alloys with different chemical characteristics so diversion is not always practical.
Some steel products like tin plate and semi-finished products are not currently made in the USA.
Also a lot of US steel is made from imported steel scrap which will likely also face tariffs?

[Jim2007]

	Quote:	amogles
	I think it's more like VAT. Suppose you buy Swiss cheese in Germany and bring it back to Switzerland. You recover the German VAT but pay the Swiss one. Suppose Germany also had a tarif on Swiss cheese. You would then also reclaim that on the border, only from the Swiss side rather than the German one.

Not even remotely close!