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May's embarrassing capitulation Watch

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    (Original post by Maker)
    America under Trump wants to be more protectionists. Trump wants a trade deal with the UK because he wants us to buy US produced stuff and services so more Americans will have jobs, what he doesn't want are products and services from the UK that competes with those in the US.

    So the US won't want cars, financial services, food or much else from Britian because both countries produce very similar things. Likewise, Britain don't want the same things that can be produced here because that means fewer jobs for Britons.
    While you understand the theory and psychology well the lack of significant labour cost variation reduces the risk to the US economy from a treaty with the UK. Further, it is highly unlikely that even he would seek to protect service industries simply because in the modern world the primary service barriers are actually related to regulation.
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    (Original post by paul514)
    Nissan's deal was assurances on trading conditions that's all we know.

    Anyway a deal like that is easy to do you just give the car maker the tariff for the car.

    It costs a grand total of zero as we get the tariff in reverse when we buy a BMW etc in this hypothetical.

    As for foreign investment again no one knows what it will be or would have been.

    I do know if we do no deal and drop all the business tax's like Hammond suggested to the Germans that would get massive foreign investment


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    Nissan exports 500,000 cars to the EU each year, assuming the tariff is £1000 per car, thats £500,000,000 the taxpayer is on the hook for.

    You do know tariffs are paid for by the customer. Do you think the govt is going to hand over £1000 to everyone who buys a new BMW?
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    (Original post by Rakas21)
    While you understand the theory and psychology well the lack of significant labour cost variation reduces the risk to the US economy from a treaty with the UK. Further, it is highly unlikely that even he would seek to protect service industries simply because in the modern world the primary service barriers are actually related to regulation.
    Trump will do anything he can to try to get more jobs for Americans. He has no chance of bringing back enough manufacturing jobs to the US so he will go after anything that has a job in it including services.
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    Bloody good job I say.

    We've walked away from a very real and established market of 500 million customers and will replace it with a totally imaginary, and just this minute made up "Global Britain."

    This is great news for small businesses up and down the UK. They'd previously been stuck with easy trade links with the world's largest economy. It was totally impossible for them to do any business outside of the EU. Have you ever seen British produce in an American store? Or Australian wine in a UK shop? Yes you have - but ignore that because it's inconvenient.

    Now these poor oppressed small businesses can be free, as Britain free's itself from a market which has helped it become a leading economy. They now have the possibility* of radically changing their businesses and entering into lucrative* trade deals with customers in Chad, Syria, Yemen... the list is endless.

    And in return, we will banish the hardworking Poles and repatriate the many OAPs busy seeing out their last days in Benidorm. No longer will your car be washed by Izak or your fruit picked by Anastazja. Instead George (aged 78) and Bethal (82) will serve you.

    Rule Britania, God Save the Queen! By gosh we've bloody done it.

    (*not guaranteed. Failure in these areas is the fault of bloody remainers, the political elite and the MSM (which doesn't include FOX because our man Nigel works for them now))
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    (Original post by Maker)
    Nissan exports 500,000 cars to the EU each year, assuming the tariff is £1000 per car, thats £500,000,000 the taxpayer is on the hook for.

    You do know tariffs are paid for by the customer. Do you think the govt is going to hand over £1000 to everyone who buys a new BMW?
    No I don't but that's a separate issue the fact is the tariff is a kind of tax collected by both side and therefore can be redistributed how the government sees fit


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    (Original post by InnerTemple)
    Bloody good job I say.

    We've walked away from a very real and established market of 500 million customers and will replace it with a totally imaginary, and just this minute made up "Global Britain."

    This is great news for small businesses up and down the UK. They'd previously been stuck with easy trade links with the world's largest economy. It was totally impossible for them to do any business outside of the EU. Have you ever seen British produce in an American store? Or Australian wine in a UK shop? Yes you have - but ignore that because it's inconvenient.

    Now these poor oppressed small businesses can be free, as Britain free's itself from a market which has helped it become a leading economy. They now have the possibility* of radically changing their businesses and entering into lucrative* trade deals with customers in Chad, Syria, Yemen... the list is endless.

    And in return, we will banish the hardworking Poles and repatriate the many OAPs busy seeing out their last days in Benidorm. No longer will your car be washed by Izak or your fruit picked by Anastazja. Instead George (aged 78) and Bethal (82) will serve you.

    Rule Britania, God Save the Queen! By gosh we've bloody done it.

    (*not guaranteed. Failure in these areas is the fault of bloody remainers, the political elite and the MSM (which doesn't include FOX because our man Nigel works for them now))
    Yawn.

    The referendum is over you can stop fighting it.

    Also it isn't the worlds biggest economy after we leave


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    (Original post by sayan98)
    or the galaxies market of 200 billion planets?
    the EU is 22.2% of global GDP

    Get a deal with the USA, China, Japan, Australia, Brazil, and we don't need it
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    (Original post by Therec00)
    the EU is 22.2% of global GDP

    Get a deal with the USA, China, Japan, Australia, Brazil, and we don't need it
    Without the uk it is 16.4%


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    (Original post by Therec00)
    the EU is 22.2% of global GDP

    Get a deal with the USA, China, Japan, Australia, Brazil, and we don't need it
    China won't sign a treaty with services, we should not sign any deal with them so long as they maintain that stance.

    The rest are good though.
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    (Original post by Therec00)
    the EU is 22.2% of global GDP

    Get a deal with the USA, China, Japan, Australia, Brazil, and we don't need it
    What makes you think the other countries want the same things that the UK sells to the EU?
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    (Original post by Maker)
    What makes you think the other countries want the same things that the UK sells to the EU?
    Trade with the rest of the world is increasing faster than trade with the EU and has been for years.
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    (Original post by Rakas21)
    Trade with the rest of the world is increasing faster than trade with the EU and has been for years.
    Our trade with the eu dropped 10% in the last decade


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    We don't need a deal in services, only with the EU… the whole reason we need a services deal is so banks that trade in Europe will base themselves in the U.K. hence bringing the tax and jobs because of stuff like lower regulations… you wouldn't have a Chinese bank based in the U.K. Now… it's because the UK was part of the EU it could base itself here which we want to preserve while leaving the EU… in other words, the we want the HSBC European headquarters to be in the U.K. Even as we leave the European market. So I don't understand what people think we'll get from a international services deal…
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    (Original post by zayn008)
    We don't need a deal in services, only with the EU… the whole reason we need a services deal is so banks that trade in Europe will base themselves in the U.K. hence bringing the tax and jobs because of stuff like lower regulations… you wouldn't have a Chinese bank based in the U.K. Now… it's because the UK was part of the EU it could base itself here which we want to preserve while leaving the EU… in other words, the we want the HSBC European headquarters to be in the U.K. Even as we leave the European market. So I don't understand what people think we'll get from a international services deal…
    Chinese financial services are moving here. Osbourne agreed a deal for London to clear payments in Yuan.
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    (Original post by Rakas21)
    Trade with the rest of the world is increasing faster than trade with the EU and has been for years.
    That does not answer the question.
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    (Original post by Maker)
    That does not answer the question.
    It does. It tells you they are already purchasing from us.
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    (Original post by zayn008)
    We don't need a deal in services, only with the EU… the whole reason we need a services deal is so banks that trade in Europe will base themselves in the U.K. hence bringing the tax and jobs because of stuff like lower regulations… you wouldn't have a Chinese bank based in the U.K. Now… it's because the UK was part of the EU it could base itself here which we want to preserve while leaving the EU… in other words, the we want the HSBC European headquarters to be in the U.K. Even as we leave the European market. So I don't understand what people think we'll get from a international services deal…
    We can get alot from an international trade deal with America, Australia, China, Japan, New Zealand, India, Arabia etc etc etc. We can get lots of business investments that can create jobs in this country.
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    (Original post by Rakas21)
    It does. It tells you they are already purchasing from us.
    It doesn't tell us want they are not purchasing from us and why.
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    (Original post by Naveed-7)
    We can get alot from an international trade deal with America, Australia, China, Japan, New Zealand, India, Arabia etc etc etc. We can get lots of business investments that can create jobs in this country.
    If these countries wanted to buy British goods, why aren't they buying them now?

    And where would all these countries get the extra £290 billion to pay for British goods?
 
 
 
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