I think denso was making the point that it is the importer who actually pays the tariff, rather than the exporter. These tariff increases don't change that. But it will almost certainly mean that we get to export less to the USA. Although the EU will be hit worse in that respect.
US tarrifs. 10% U.K., 20% EU.
- Thread starter Mottie
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I think denso was making the point that it is the importer who actually pays the tariff, rather than the exporter. These tariff increases don't change that. But it will almost certainly mean that we get to export less to the USA. Although the EU will be hit worse in that respect.
According to Denso, two posts up, we've been enjoying that Brexit bonus from the day we left….
So have they been paying 10% on UK imports and 20% on EU imports then? Since when? And if it’s ’reciprocal' as Trump says, have our importers been paying 10% vs the EU importers paying 20%? Again, since when?
It's more complicated than that. We've been using the same tarrifs as the EU to date, these additional taxes on imports will hit us more mildly than the EU.
Brexit probably has finally found a benefit, our products won't be as heavily taxed for consumers in the US compared to EU made goods. This is good, but who knows if it outweighs the **** storm it caused in trading with the 3x larger market next door
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You are changing the subject. You claimed it cost us less to export than EU countries. That is just misunderstanding tariffs, neither we, nor the EU pay anything for Trump imposed tariffs.
WRONG, it was loss of frictionless trade, not loss of tariff free trade.
The EU never imposed tariffs on the UK
Brexit voters like you chose to leave the Single Market and that meant losing frictionless access.
WRONG
The EU don’t pay anything.
Is that what they used to call "non-tariff trade barriers" during the Brexit negotiations?
Yes, made up mostly of:
Rules of origin checks
Sanitary and Phytosanitary controls
Transit documents
Customs declarations.
These things can only be removed if regulations are fully aligned, as soon as you have different standards you need checks at external borders
Brexit supporters still don’t understand that 9 years later
We have always charged a Tariff, VAT as its otherwise known @20% which is payable on import. Vast swaths of imports do no attract other tariffs.
Its like encouraging a gambling addiction because someone won the lottery.
Economists say VAT is trade neutral, though, because it applies to the domestic competition equally.
How is a ten per cent tariff on top of the disaster of brexhit in any way a bonus?Brexit bonus!
Major US stocks see biggest losses since 2020 after Trump's tariffs announcement
Wall Street suffers its worst day since 2020 but the White House tells investors to "trust in President Trump".www.bbc.co.uk
Because if we were still in the EU it would have been twenty per cent.
