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Well, that will certainly help Ireland's balance of trade, if at the expense of the Irish population. But it may well create many opportunities for Irish agriculture and business to create import substitution. The Irish may be short of goods to consume, but the (still) UK will suffer more unemployment as firms cut back on production that can no longer profitably be exported.

The loss of access to one's favorite tea would be mitigated by the consideration that it was, after all, a British tea. And Coke and Heinz could always be imported from the USA, though I do not know what the tariff implications might be. But the EU is committed to doing all it can to mitigate harm to Ireland from a BREXIT and waiving tariffs for import substitution for Ireland would be both cheap and satisfying.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Sep 6th, 2019 at 05:34:08 PM EST
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