FabSwingers.com forum: EU leaders

By (user no longer on site) OP
over a year ago

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either.

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By *tillup4funMan
over a year ago

Wakefield

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either."

France and Germany will both probably have new leaders in a few months time some are saying if Italy are bankrupt it will be the end of the Euro I don't thing it will be you never know.

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By *DstaffsCouple
over a year ago

stoke

Lol... I think that everytime Mr Barack Hussein Obama spouts out his crap about the UK being back of the queue. The bloke will be gone by November 8th, Trump will win And if he dont then democracy has failed the world. Research Hillary Clintons health and anything to do with the Clinton Foundation.. She's the devil in disguise and her husband is a rapist.

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By (user no longer on site)
over a year ago

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either.

France and Germany will both probably have new leaders in a few months time some are saying if Italy are bankrupt it will be the end of the Euro I don't thing it will be you never know."
.

Italy are bankrupt, there's no denying that! There banks are also on "red alert" along with other euro banks and I may add rbs.

China's just started buying special drawing rights(basically IMF currency) what there actually attempting is to create a world reserve currency to wrap up bank and sovereign debt into, I mean the talk is hundreds of trillions, the Chinese know the dollar won't last forever unless they can push for another world reserve currency to take the pressure off it?.

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

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By *tillup4funMan
over a year ago

Wakefield

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either.

France and Germany will both probably have new leaders in a few months time some are saying if Italy are bankrupt it will be the end of the Euro I don't thing it will be you never know..

Italy are bankrupt, there's no denying that! There banks are also on "red alert" along with other euro banks and I may add rbs.

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

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By *oyce69Man
over a year ago

Driffield

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself."

Well they have already tried flooding the world with cheap steel so that no one can compete. The day Cameron was in China doing £billion deals to buy their steel we were laying off hundreds of men in our steel industry.

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By (user no longer on site)
over a year ago

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either.

France and Germany will both probably have new leaders in a few months time some are saying if Italy are bankrupt it will be the end of the Euro I don't thing it will be you never know..

Italy are bankrupt, there's no denying that! There banks are also on "red alert" along with other euro banks and I may add rbs.

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself."
.

No not really, erm China's heavily in debt itself, it really doesn't wasn't there renminbi to take over the dollar as a reserve currency as they don't want the debt that you need to produce for a world reserve..... If you look around the world as a whole debt exceeds gdp by about just over 4 to 1... Something's gotta give at that ratio and it will be the dollar as that is the defacto world currency, nobody wants to see that, especially China as they hold most of the dollar debt already.

You can look up spacial drawing rights on wiki, it was conceptualised by keynes awhile back as an IMF world currency, the interesting thing is that it's never really been used since the Breton woods deal ...until now

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

I am not sure a British PM has ever bought steel so I am not sure why you had to make that error to be honest. The EU allowed China to dump steel and prices dropped. Unlike in Germany and France we abide by EU rules and would not provide illegal subsidies to home steel producers. Tata in the UK used it as a way to get out of steel manufacturing (along with the pension fund shortfall) in Britain and set in train a withdrawal / sale. Now prices are rising they changed their minds.

Its another example of how UK industry does not re-invest in itself, as others seem to be able to do, and then can't compete. Not that anyone can compete with State funded Chinese steel producers ...

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By *oyce69Man
over a year ago

Driffield

Okay. I will rephrase that. Cameron was signing £million deals for China to build Hinckley using their steel, and HS2 as well if my memory serves me correctly.

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By (user no longer on site)
over a year ago

"Lol... I think that everytime Mr Barack Hussein Obama spouts out his crap about the UK being back of the queue. The bloke will be gone by November 8th, Trump will win And if he dont then democracy has failed the world. Research Hillary Clintons health and anything to do with the Clinton Foundation.. She's the devil in disguise and her husband is a rapist. "

A rapist who put it place the laws necessary for the 2008 financial crisis

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By *entaur_UKMan
over a year ago

Cannock

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either."

You forgot the very close election that happened in Austria just the other month too. The EU is looking more and more ropey with each passing day, I think the writing is on the wall for the EU now, it is a complete and utter failure, and I'm so glad we are getting out of it.

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By (user no longer on site)
over a year ago

How many of those spouting off will still

be there to negotiate anything.

Mz merkal just came 3rd in a small local vote

France are also unstable and italy appears bankrupt and poland arn't happy either.

Poland is delighted with the EU. They have a nationalist government who like to chant slogans and make populist statements, but they know Poland has been one of the major beneficiaries of the EU.

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By (user no longer on site)
over a year ago

"Okay. I will rephrase that. Cameron was signing £million deals for China to build Hinckley using their steel, and HS2 as well if my memory serves me correctly. "

The GMB union confirmed in January they had an agreement with EDF (who are the ones actually building the thing) that Hinckley Point C will be built with British produced steel.

As for HS2 some 200 million tonnes of British Steel will be used just for the tracks. And priority for wider taxpayer funded projects will be given to using British Steel.

http://www.express.co.uk/news/uk/657721/Government-lifeline-for-Tata-Port-Talbot-HS2-built-with-British-steel

Now we are leaving the EU we will not have to follow their directives on sourcing or allow industries like steel to face unfair foreign competition.

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By *oyce69Man
over a year ago

Driffield

"Okay. I will rephrase that. Cameron was signing £million deals for China to build Hinckley using their steel, and HS2 as well if my memory serves me correctly.

The GMB union confirmed in January they had an agreement with EDF (who are the ones actually building the thing) that Hinckley Point C will be built with British produced steel.

As for HS2 some 200 million tonnes of British Steel will be used just for the tracks. And priority for wider taxpayer funded projects will be given to using British Steel.

http://www.express.co.uk/news/uk/657721/Government-lifeline-for-Tata-Port-Talbot-HS2-built-with-British-steel

Now we are leaving the EU we will not have to follow their directives on sourcing or allow industries like steel to face unfair foreign competition."

I happily stand corrected.

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By (user no longer on site)
over a year ago

"Okay. I will rephrase that. Cameron was signing £million deals for China to build Hinckley using their steel, and HS2 as well if my memory serves me correctly.

The GMB union confirmed in January they had an agreement with EDF (who are the ones actually building the thing) that Hinckley Point C will be built with British produced steel.

As for HS2 some 200 million tonnes of British Steel will be used just for the tracks. And priority for wider taxpayer funded projects will be given to using British Steel.

http://www.express.co.uk/news/uk/657721/Government-lifeline-for-Tata-Port-Talbot-HS2-built-with-British-steel

Now we are leaving the EU we will not have to follow their directives on sourcing or allow industries like steel to face unfair foreign competition.

I happily stand corrected.

You Sir are most welcome

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By *oorland2Couple
over a year ago

Stoke

"Okay. I will rephrase that. Cameron was signing £million deals for China to build Hinckley using their steel, and HS2 as well if my memory serves me correctly.

The GMB union confirmed in January they had an agreement with EDF (who are the ones actually building the thing) that Hinckley Point C will be built with British produced steel.

As for HS2 some 200 million tonnes of British Steel will be used just for the tracks. And priority for wider taxpayer funded projects will be given to using British Steel.

http://www.express.co.uk/news/uk/657721/Government-lifeline-for-Tata-Port-Talbot-HS2-built-with-British-steel

Now we are leaving the EU we will not have to follow their directives on sourcing or allow industries like steel to face unfair foreign competition.

I happily stand corrected.

You Sir are most welcome

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By *LCCCouple
over a year ago

Cambridge

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting? "

duh, obviously

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By *LCCCouple
over a year ago

Cambridge

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously"

You know that will make Chinese steel even cheaper right?

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right? "

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

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By *LCCCouple
over a year ago

Cambridge

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize"

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

You think that Chinese manufacturing and construction industries are going to buy expensive british steel from the other side of the world, rather than buying cheaper steel from their own doorstep. Please can you make a business case as to why they would do that? I must be too stupid to understand it without your expert guidance.

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it

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By *LCCCouple
over a year ago

Cambridge

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it"

Please explain why you think that Chinese manufacturing and construction industries are going to buy expensive british steel from the other side of the world, rather than buying cheaper steel from their own doorstep?

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it

Why? They already do buy it but slapped a 46% tariff on it

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By *LCCCouple
over a year ago

Cambridge

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it

Why? They already do buy it but slapped a 46% tariff on it"

And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it

Why? They already do buy it but slapped a 46% tariff on it

And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US."

Jeeeeez!

how the fuck do I know how much they buy? I just said that they did. Why do they? You tell me.

And what is wrong with tariff free trade agreements then? Which incidentally the tories and businesses are promoting, not brexiters as such.

If free trade is such a bad thing why don't the countries of the EU charge eachother tariffs? Are you seriously saying that a free trade agreement with a country/market twice the size of the EU would be a bad thing? The whole world is already flooded with Chinese shit regardless of what tariffs are put on it, the only difference would be an increase in our exports, which have already risen some 30% over recent years despite the tariffs. So why would they do a deal? Consumer/business demand

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By *ylonSlutTV/TS
over a year ago

Durham

It was the UK government that blocked an increase in steel import tariffs. The eu wanted to increase it to help deal with cheap Chinese steel being dumped on the market. My guess as to why they did it ? The UK had 2 big projects coming up hs2 and Hinckley point and needed lots of cheap steel.

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By (user no longer on site)
over a year ago

"It was the UK government that blocked an increase in steel import tariffs. The eu wanted to increase it to help deal with cheap Chinese steel being dumped on the market. My guess as to why they did it ? The UK had 2 big projects coming up hs2 and Hinckley point and needed lots of cheap steel."

Do please read my posts above. NO Chinese steel is being used in HS2 or Hinckley Point. As to wider Chinese investments in our infrastructure surely it is better to 'do a deal' that is mutually beneficial rather than have a trade war which is the EU's answer to everything?

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By *LCCCouple
over a year ago

Cambridge

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it

Why? They already do buy it but slapped a 46% tariff on it

And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Jeeeeez!

how the fuck do I know how much they buy? I just said that they did. Why do they? You tell me.

And what is wrong with tariff free trade agreements then? Which incidentally the tories and businesses are promoting, not brexiters as such.

So you mean that theoretically the Chinese CAN buy British Steel, rather than they actually DO buy British Steel.

Do you think that free trade with China would be good or bad for British Steel?

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By (user no longer on site)
over a year ago

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US."

Your stupidity never fails to amaze me.

Why do you keep repeating this trite phrase 'under WTO Rules..' and then forecast doom? You clearly do not have a bloody clue what the WTO rules are and how the WTO works. I have copied endless links to assist you but you just will not accept the facts. Its like you are a silly little girl, fingers in ears shouting 'No No No'.

Our trade agreements with the USA post Brexit will be whatever we agree. Its that simple. Same with China, India, Australia or whoever. The fact that the USA has a different agreement with China (or breaks that agreement) is NOTHING to do with us. In fact WTO Rules will punish the USA and not us if they exceed their own agreements and did just that in 2003 when Bush tried to wage a Tariff war. It found for China in 2011 and against tyhe USA earlier. Not once did those 'WTO Rules' affect us. A sample is here:

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

The WTO operates to reduce and eliminate Tariffs and barriers to trade. It is a 'Free Trade' promoting body. Mrs May and the new Government want to cut a new style of Free Trade deals around the world including with the EU. It is why Australia is forming a working group with the UK, separate from trade negotiations, to explore global Free Trade structures.

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By (user no longer on site)
over a year ago

I don't know whether it will work, from what I've read, if it does the hope is they could extend world debt for another 50 years...I guess it all comes down to how much belief in it they can generate

Is that their way of taking over the world though get all the other countries into debt with them then say we own you don't like the sound of that myself.

And would it be better if we signed a free trade agreement with China like Brexiters are promoting?

duh, obviously

You know that will make Chinese steel even cheaper right?

true. But you know it will make British steel cheaper in China right? Did you know we export steel to China and they put high tariffs on it?

You know that it will make British goods cheaper in China right? And exporting to the biggest market on earth easier right?

You have come out with some stupid things but this one must take first prize

China is the world's factory, they will flood the UK with cheap goods and destroy any remaining manufacturing that the UK has.

you said it

Why? They already do buy it but slapped a 46% tariff on it

And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Jeeeeez!

how the fuck do I know how much they buy? I just said that they did. Why do they? You tell me.

And what is wrong with tariff free trade agreements then? Which incidentally the tories and businesses are promoting, not brexiters as such.

So you mean that theoretically the Chinese CAN buy British Steel, rather than they actually DO buy British Steel.

Do you think that free trade with China would be good or bad for British Steel? "

I have told you, it DOES buy british steel. With a 46% tariff

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By *entaur_UKMan
over a year ago

Cannock

Not just the UK, France also voiced opposition to putting up high tariffs on cheap Chinese steel in the EU, because France likes the cheap Chinese steel for the French car manufacturing industry.

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By *LCCCouple
over a year ago

Cambridge

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Your stupidity never fails to amaze me.

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

Until we create new trade agreements post Brexit, we will be trading under WTO rules. The tariffs that the US levies against China, will effect our trade with the US on the levied items. The WTO rules revolve around you not being able to punish other countries. So the US can’t punish China by levying a 522% tariff on China, but not on the UK.

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By *tillup4funMan
over a year ago

Wakefield

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Your stupidity never fails to amaze me.

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

Am I missing something here the US are/were in talks with the EU not with the UK as we are still part of the EU as you are so fond of telling us.

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By (user no longer on site)
over a year ago

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Your stupidity never fails to amaze me.

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

Jesus H Christ... The WTO ruling was ENTIRELY between the USA and China. No one else. Not the UK, the EU, the man in the bloody moon. NO ONE!!

I totally give up with you. I have repeatedly given you sources, facts, reports, links etc to show you how your view of the WTO is totally WRONG!!! Yet you just keep Trolling out the same crap just like have here.

I am done with trying to discuss in an intelligent way supported by factual data with a total moron who seeks to create arguments and when that fails throws the 'racist' card about.

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By *LCCCouple
over a year ago

Cambridge

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Your stupidity never fails to amaze me.

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

Am I missing something here the US are/were in talks with the EU not with the UK as we are still part of the EU as you are so fond of telling us."

No, you are correct. There isn’t a trade agreement between the UK and US, so when we leave the EU, we will be trading with them under WTO rules, after several years I’m sure that we will create a trade agreement, but that is many years away. We will have lots of trade deals to arrange, but we have less than 20 gained negotiators.

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By *ylonSlutTV/TS
over a year ago

Durham

Not just the UK, France also voiced opposition to putting up high tariffs on cheap Chinese steel in the EU, because France likes the cheap Chinese steel for the French car manufacturing industry. "

I'm afraid you are wrong there France wanted the lesser duty rule scrapped so tariff on Chinese steel could be raised. The blocking was done by the UK with the help of some of our smaller allies like Slovenia. The reason the UK government gave for this at the time was it would raise prices for British consumers. Especially for footwear.

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By *LCCCouple
over a year ago

Cambridge

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Your stupidity never fails to amaze me.

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

Jesus H Christ... The WTO ruling was ENTIRELY between the USA and China. No one else. Not the UK, the EU, the man in the bloody moon. NO ONE!!

I am done with trying to discuss in an intelligent way supported by factual data with a total moron who seeks to create arguments and when that fails throws the 'racist' card about."

This is how the WTO rules work, due to forum rules I can’t post a link, but you can find it on their website:

******

"Most-favoured-nation (MFN): treating other people equally Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.

This principle is known as most-favoured-nation (MFN) treatment (see box [box copied below]). It is so important that it is the first article of the General Agreement on Tariffs and Trade (GATT), which governs trade in goods. MFN is also a priority in the General Agreement on Trade in Services (GATS) (Article 2) and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) (Article 4), although in each agreement the principle is handled slightly differently. Together, those three agreements cover all three main areas of trade handled by the WTO.

Some exceptions are allowed. For example, countries can set up a free trade agreement that applies only to goods traded within the group — discriminating against goods from outside. Or they can give developing countries special access to their markets. Or a country can raise barriers against products that are considered to be traded unfairly from specific countries. And in services, countries are allowed, in limited circumstances, to discriminate. But the agreements only permit these exceptions under strict conditions. In general, MFN means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners — whether rich or poor, weak or strong.

BOX

"This sounds like a contradiction. It suggests special treatment, but in the WTO it actually means non-discrimination — treating virtually everyone equally.

This is what happens. Each member treats all the other members equally as “most-favoured” trading partners. If a country improves the benefits that it gives to one trading partner, it has to give the same “best” treatment to all the other WTO members so that they all remain “most-favoured”.

Most-favoured nation (MFN) status did not always mean equal treatment. The first bilateral MFN treaties set up exclusive clubs among a country’s “most-favoured” trading partners. Under GATT and now the WTO, the MFN club is no longer exclusive. The MFN principle ensures that each country treats its over—140 fellow-members equally.”

*******

So everyone needs to be treated equally, thats equally well, or equally badly. So if a country has really high tariffs on one country (for example America imposing high tariffs on steel on China) they will have to apply high tariffs to everyone who is selling them steel.

So the section in between the stars is what the WTO says about WTO rules. I really hope that you are not going to say that the WTO aren’t experts in WTO rules, but I really wouldn’t be surprised if you did given your track record.

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By (user no longer on site)
over a year ago

I do wish people would stop using the term 'WTO Rules' when they clearly do not have a bloody clue what the WTO is all about. For example when we leave the EU and should there NOT be an immediate trade deal with the EU then the 'Status Quo' remains under those WTO Rules someone keeps shouting about.

I wonder what part of 'the WTO does not create Tariffs' doesn't a certain someone quite understand?

And given the USA and the UK already trade $ Billions a year (and on which we actually trade a surplus) a new trade agreement is hardly going to take very long. Change the letters 'EU' for 'UK'. Job done..

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By *tillup4funMan
over a year ago

Wakefield

" And how much steel are China buying from the UK?

The US have placed 522% import tariffs on Chinese steel, so when we are on our own and operating under WTO Rules, British steel will face the same 522% import tariff if we sell steel to the US.

Your stupidity never fails to amaze me.

http://www.wsj.com/articles/SB10001424052748703327404576194783274423052

Am I missing something here the US are/were in talks with the EU not with the UK as we are still part of the EU as you are so fond of telling us.

I,m we will be able to do better than that when we are dealing with one country at a time and having to wait for the other 27 countryies to yes to every deal.

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By *tillup4funMan
over a year ago

Wakefield

"I do wish people would stop using the term 'WTO Rules' when they clearly do not have a bloody clue what the WTO is all about. For example when we leave the EU and should there NOT be an immediate trade deal with the EU then the 'Status Quo' remains under those WTO Rules someone keeps shouting about.

I wonder what part of 'the WTO does not create Tariffs' doesn't a certain someone quite understand?

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By *LCCCouple
over a year ago

Cambridge

I wonder what part of 'the WTO does not create Tariffs' doesn't a certain someone quite understand?

I haven’t said that the WTO creates tariffs, as I have said, countries create the tariffs, but as WTO members, then they need to abide by WTO rules, such as using “most favoured nation” status to ensure that members don’t penalise a single country and be more generous to others.

You are making stuff up now about status quo, lets have a quote from the WTO website to support your claims.

You show your lack of understanding of the issue if you think that creating an international trade deal is just a case of find and replace in a Word document.

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