UK By Chris Morris Reality Check correspondent, BBC News 24 June 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/uk-47216870 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsReality Check A number of obscure pieces of trade law have taken on near … [Read more...] about Would obscure trade rule help with no-deal Brexit?
It would indeed be ironic if a Brexit Britain were to be an early casualty of an imploding global trade order but institutions like the WTO have also served Ireland well, writes Kyran FitzgeraldEurope’s leaders have given the UK until the end of October to put together an EU departure deal and for now, we can breathe a sigh of relief, as the prospect of Britain crashing out of the EU diminishes.While the Brexit soap opera continues to soak up much of the political and business oxygen in these islands, elsewhere, global trade tensions continue to mount.Last week, Donald Trump ramped up the rhetoric on Twitter against the EU describing it as a “brutal trading partner”.The US administration has targeted Airbus and the financial support it receives from EU governments, in particular.The move heightened nerves across the eurozone where economic growth has slowed to a crawl.The IMF has downgraded its global economic forecasts, and trade figures out of China point to both a … [Read more...] about Trump puts trade rules under strain
China’s president meets European leaders to discuss trade policy BelfastTelegraph.co.uk Leaders of China, France, Germany and the European Commission have agreed to seek fairer global trade rules and work together to face the world’s economic and security challenges in an implicit response to the United States’ protectionist policies. https://www.belfasttelegraph.co.uk/news/world-news/chinas-president-meets-european-leaders-to-discuss-trade-policy-37952471.html https://www.belfasttelegraph.co.uk/news/world-news/article37952472.ece/99177/AUTOCROP/h342/bpanews_3cbc45c3-c88d-45c7-ad4f-0d759d42432d_1 Email Leaders of China, France, Germany and the European Commission have agreed to seek fairer global trade rules and work together to face the world’s economic and security challenges in an implicit response to the United States’ protectionist policies. Chinese President Xi Jinping, on a state visit to France, met in Paris on Tuesday with French President … [Read more...] about China’s president meets European leaders to discuss trade policy
U.S. President Donald Trump warned the European Union on Thursday of consequences that will be "severe economically" if Brussels fails to hold trade talks. "The European Union treats us very, very unfairly," Trump told reporters at the White House. "They're willing to talk to us. If they don't talk to us we'll do something that will be severe economically. We'll tariff a lot of their products coming in." Amid rising trans-Atlantic tensions and fears of an all-out trade war, Trump and EU Commission President Jean-Claude Juncker agreed in July to start talks intended to achieve "zero tariffs" and "zero subsidies" on non-automotive industrial goods. Trump imposed tariffs of 25 percent on steel imports and 10 percent on imported aluminum from the EU on June 1. He said the move was to protect U.S. national security interests, but the Europeans claim it is simply protectionism and breaks global trade rules. The EU introduced "rebalancing" tariffs on about 2.8 billion euros worth ($3.4 … [Read more...] about Trump warns of ‘severe’ economic consequences if EU keeps stalling trade talks
:: What has been announced? The British government has revealed its temporary plans for trade if the UK leaves the European Union without a deal on March 29, otherwise known as a 'no-deal Brexit'. It comes after MPs on Tuesday night rejected British prime minister Theresa May's withdrawal agreement negotiated with the EU. The plans detail the UK's proposed changes to tariffs – the taxes applied to goods that are traded on international markets. :: How will the new system work? Under the plans, most imports into the UK would not attract a tariff. Imports eligible for zero-tariff access would increase from the 80 per cent to 87 per cent. Tariffs would be maintained in some industries – such as beef, lamb, pork, poultry and some dairy products – to protect them from cheap imports. But the new regime would mark a shift in favour of products from non-EU countries. While 82 per cent of imports from the EU would be tariff-free (down from 100 per cent now), 92 per cent of … [Read more...] about Brexit: UK’s no-deal trade plan – and what it means for Ireland north and south