The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Part of me feels the EU is responding so mildly because they just can't bring themselves to take Boris and his threats very seriously. Part of me feels the EU doesn't quite appreciate how much the EU is undermining the EU's whole raison d'etre and system of legitimacy. This still has the potential to go pear shaped in a big way unless clear and decisive action is taken.
As Barnier puts it:
🇪🇺🇬🇧 We will continue to maintain a calm and respectful attitude & we will remain united and determined until the end of these negotiations.My statement following this week's round of negotiations: https://t.co/gUhAP9Zu4g— Michel Barnier (@MichelBarnier) October 2, 2020
🇪🇺🇬🇧 We will continue to maintain a calm and respectful attitude & we will remain united and determined until the end of these negotiations.My statement following this week's round of negotiations: https://t.co/gUhAP9Zu4g
This said, the lack of audible noise from the EU officials and member countries does not mean they are not preparing for a no-deal come January 1. I even suspect that many EU countries preparedness plans are more advanced than the UK's "administration". Showing any hint of WTO or punitive tarifs on UK exports next year will only help the Brexiters as casting the EU even further into the villain's role. Even though everybody should be well aware that's exactly what will happen in three month's time.
What happens if there's no Brexit trade deal?
Tariffs How bad could it be? 💥💥💥💥💥 What happens immediately? Free trade between the EU and U.K. ends on January 1, 2021 -- and both sides fall back on World Trade Organization terms. The U.K. has set out its Global Tariff Schedule for imports from the EU (as well as all other nations it has no trade deal with) and would be subject to the EU Common External Tariff for exports to the EU. The administrative burden of tariffs, in addition to new customs checks, risks having an impact on food supplies -- in particular those heading to the EU, because firms importing goods to Britain will be able to defer tariff payments and some customs administration for the first six months. The additional costs of tariffs and delays will likely create problems for companies, supply chains and retailers in almost every sector of the economy. Prices in shops will inevitably rise as a result, and some businesses could go bust.
How bad could it be? 💥💥💥💥💥
What happens immediately?
by ATinNM - Jan 26 2 comments
by Frank Schnittger - Jan 24 28 comments
by Oui - Jan 27 1 comment
by Oui - Jan 26 2 comments
by Oui - Jan 27
by Oui - Jan 20 59 comments
by Oui - Jan 23 34 comments
by gmoke - Jan 24
by Oui - Jan 271 comment
by Oui - Jan 262 comments
by ATinNM - Jan 262 comments
by Frank Schnittger - Jan 2428 comments
by Oui - Jan 2334 comments
by gmoke - Jan 222 comments
by Oui - Jan 2110 comments
by Oui - Jan 2059 comments
by Oui - Jan 2013 comments
by Oui - Jan 172 comments
by Oui - Jan 1610 comments
by gmoke - Jan 16
by IdiotSavant - Jan 1521 comments
by Oui - Jan 1463 comments
by Frank Schnittger - Jan 1458 comments
by Oui - Jan 1391 comments
by Oui - Jan 1177 comments
by Oui - Jan 1061 comments