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Fact-finding mission: some economics regarding the EU and why Brexit. Watch

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    (Original post by XcitingStuart)

    2a) Relatively high energy prices due to 1a) and 1b).
    2b) The EU ETC increase the cost of producing steel, similar to 1a).
    2c) Countries namely China dumping steel (selling steel below cost of production), damaging UK competition. The EU has a tariff of 9% on this dumped Chinese steel, as opposed to the USA, who has a tariff of ~250%.
    2d) Redundancy usw. usf. Permanent damage to the UK steel industry.
    USA has a 250% tax on Cold Rolled Steel which forms less than 10% of Steel imports.

    Britain has blocked duties from being placed on Chinese Steel. So the reality is that the EU cares more UK steel than the Conservatives do.

    http://www.independent.co.uk/news/uk...-a6962446.html
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    (Original post by Foo.mp3)
    Haven't followed your contributions elsewhere, and it's not unpleasantness, it's earnest (if comedic) constructive criticism (free of any ill will) :yy:
    I don't expect you of malice.

    Thanks for painting it out (or I wouldn't have acknowledged the problem.)



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