I could negotiate a Brexit deal in 30 seconds: "Hello ladies and gents: whatever tariff you impose on the UK's exports to Europe,we will impose on EU exports to the UK.And by the way,we are going back to pre-EU territorial waters around the UK.Thank you very much,now lets head for the bar" In Brugges three weeks ago a lady hotelier was almost in tears telling me that UK visitor numbers to the City were down by 40%,due to a combination of the weaker pound and the immigrant nonsense at Calais. And last Friday got back from the Cost del Sol,Brits make up the vast majority of visitors there,not one Spaniard I spoke to was keen to deter Brits by bringing in visas. I'm afraid Juncker and his band of crooks are not flavour of the month with the tourist industry . Plus of course the extremely long queue of Eastern European truckies that will stretch right around Calais while they wait to get their T-Forms and Visas stamped:very few Brit trucks in Europe,you see,but the M20 is awash with them day and night. The BBC doesn't mention it,but if the EU wants to play hard ball then the EU will get an extremely bloody nose
So they move their operations to Europe where there are no tariffs and make the British customer pay the 10% tariff on imported cars. Under the WTO framework, the key principle of non-discrimination requires members not to treat any trading partner less advantageously than any other, unless covered by a free trade agreement or laws giving developing countries preferential access. For goods, this means that tariffs applied to the ‘most-favoured nation’ (MFN) must apply to all other countries too. The EU could therefore not apply discriminatory or punitive tariffs after a UK exit above or below its MFN levels. As Exhibit 62 shows, the EU’s average MFN tariffs have fallen consistently over time, and so the WTO framework would prevent the tariffs imposed on the UK from being as high as they would have been 20 or even 10 years ago. Nevertheless, new tariffs of economic significance would still be imposed on around 90% by value of the UK’s goods exports to the EU, causing most UK exporters to become less price competitive than their EU competitors or companies from countries with which the EU has signed FTAs.
Where did you cut and paste that rubbish from, the EU did a deal with Turkey to move the transit from the UK, with zero tarrifs. I told you this before and you didn't comment. Stop believing all this crap, think for yourself for a change, you never know, it just might work Besides, they can move production to @finm land, so all good (if he lets them) :smileys:
No they are not. The message has stayed exactly the same and I see briefings on this at work on a daily / weekly basis, mostly reacting to the BBC diatribe of doom and gloom that you gleefully absorb. There is the allocation of new Juke & Qashqai on the horizon. Car companies always approach the govt for some funding to "secure" model allocation. I saw a piece on Sky news this evening and a JLR spokesman has said the Europeans are now avoiding UK built cars out of resentment for Brexit. Why the hell am I working 7 days a week at the moment then? I haven't seen this resentment. More bitterness and spin methinks. If you think Nissan have changed their mind and are going to leave the UK, I'll wager you any ammount you care to stake that they will be around and thriving after Brexit has become a reality. So to avoid having a tariff of 10% imposed on exports to the EU (not going to happen anyway) they move production to the EU and have 10% tariffs imposed on them to import cars into the UK? (Nissan's biggest single market in Europe with over 100,000 p.a.). If all imports into the UK were subject to reciprocal tariffs, then surely having a ready made plant in the UK to soak up the inevitable increase in demand for UK cars would be a real advantage, but you never seem to mention this point. We have a plant in St Petersburg that builds Qashqai to service the Russian domestic market for just this reason. By your logic, BMW, Audi, Mercedes, VW will be looking to move production to the UK to avoid tariffs then? I believe the BMW, Daimler and VAG group sells about 500,000 cars a year into the UK. Happy days.
The difference is Turkey wants to be part of the EU and to allow free movement of EU citizens, the U.K. Government doesn't want either.
A tariff applied to UK built cars being exported will more than likely be offset. Probably by either applying the same tariff to every car imported, or by way of corporate tax breaks for the companies that invest in the UK. Quite possibly both in some fancy way. This chaps comments are merely angling at that by making a thinly veiled 'make sure you don't forget to look after us' statement.
Agreed The hook of zero tariffs applied, and further tax breaks for all manufacturers investing in the UK economy to create jobs, I'm sure will be good enough for many of them.
2.6m new cars sold in the UK in 2015 Of which over 700,000 are made up purely of the following 4 brands AUDI BMW MERCEDES-BENZ VW This obviously leaves out the biggest hitter being Ford (335,267 cars) So, IF car tariffs are applied to any UK manufactured car for export to Europe, it's pretty safe to say we'd apply those tariffs for any exported car from Europe. As such with a little 'tax incentive' it's fairly plausible that many brands would look at plant / production investment in the UK to gain tariff free access to our clearly buoyant market. Swings and roundabouts UK 2015 car sales analysis: winners and losers by CAR Magazine
With no trade agreement after we leave the EU (as it will take some years to implement), the UK is bound by the WTO rules and tariffs. The WTO rules are that there is a 10% tariff on motor vehicles and motor vehicle parts. This is what is concerning all UK based manufacturers. So 2 years from signing that agreement, they would all increase by 10% overnight. This is an interesting read. What does leaving the EU mean for trade? - Full Fact
Are they bound by WTO rules, please explain more regarding the Ford / EU / Turkey deal - or stop commenting on things you know nothing about
By the time they sign the agreement you won't notice the 10% as it will be already added to final price Business will never lose that's why is business
You could have abreviated that by saying "stop commenting" as he knows nothing on any subject matter. :Meh:
Business isn't as easy as that,Ducbird,otherwise everyone would be doing it. There would be firms that swallow the 10% on the price and make their employees pay for it. Or shift manufacturing elsewhere where it's cheaper Or shrug their shoulders and say what the hey,we were making 40% profit before lets crack on with just 30% and keep prices as they are
