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Questions tagged [trade]

Questions relating to international trade between nations; this includes policies effecting trade like tariffs and quotas and treaties or organizations regulating and promoting such trade

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Is there a correlation between US oil imports and the US-Saudi Arabia arms deal?

What I have read here suggests that the US and Saudi Arabia are linked by trade (oil for arms and vice versa). Here is a quotation from the article. Oil has also linked the two countries since ...
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54 views

How is the individual person affected by economic changes as a result of Brexit? [on hold]

I have a few questions regarding the following topic: How is the individual person affected by economic changes as a result of Brexit? How are people in the age between 25 and 35 predicted to be ...
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1answer
101 views

How will brexit affect the British export and import? [on hold]

Will there be any positive consequences that are expected from Brexit or is it mainly expected to be bad for the British trade?
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272 views

Do polls indicate support for post-Brexit freer trade?

The Bank of England Brexit GDP scenarios show a blue area depicting a "close relationship" scenario and a "less close" relationship scenario. It is clear that when they use the label "less close" they ...
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1answer
182 views

Does GATT Article 24 mean that a transitional tariff regime is permitted if the UK leaves the EU without a negotiated exit arrangement?

Does GATT Article 24 mean that a transitional tariff regime is permitted if the UK leaves the EU without a negotiated exit arrangement? Article 24, paragraph 5: Accordingly, the provisions of this ...
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Would it be illegal for the UK to negotiate a trade deal with the EU while still a member?

Would it be illegal for the UK to negotiate a trade deal with the EU while still a member? Or is it the signing of trade deals that is prohibited, and negotiation is permitted?
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Does China interfere with commercial shipping passing through the Taiwan Straits?

I have read that China considers the Taiwan Straits to be its "sovereign territory" which differs from international law that defines bodies of waters 12 miles or more offshore as international waters ...
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131 views

Why doesn’t China negotiate trade deals with each state in US?

Say, let each state send representatives to bid for import quota of specific categories of merchandises, therefore making intra-US cooperation among states into inter-state competition; just like how ...
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1answer
84 views

Might two countries coordinate balanced tariffs?

If a country wanted to reduce taxes (say for some income bracket) but wanted to keep a balanced budget, would targeted tariffs not be a good way to do this? Would tariffs on goods that everyone (rich ...
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1answer
328 views

No-deal Brexit: What would be the basis for a WTO complaint if goods entering Ireland are checked at Dunkirk?

There's a BBC article which goes over several scenarios in case of no-deal Brexit containing the following paragraph: It is possible that if EU authorities decide not to check UK goods at the Irish ...
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Does the EU require preferential trade within itself?

I was talking to someone about BREXIT the other day and they presented a reason for voting leave that I hadn't heard of before. They claimed that entering the EU had always seemed unfair, to them, on ...
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312 views

How does America prevent deals in dollars between the third parties?

Say, India wants to buy weapons from Russia, Russia is under American sanctions, and America doesn't want this deal to happen so it says the transaction, as long as it's in dollars, won't be ...
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127 views

Are European Union WTO schedules certified?

IIUC WTO trade schedules can be unilaterally set, but are open to dispute and, when disputes are resolved, “certification”. Schedules can exist and take effect while not certified. I have read the ...
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74 views

Are “WTO rules” fine-grained and detailed or a set of general principles like Most-Favoured Nation?

I know the WTO mandates that members do not unfairly favour one trading partner over another, the so-called Most-Favoured Nation principle. Does the WTO have a fine-grained and detailed set of rules ...
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183 views

Do free trade agreements involve the pooling of sovereignty?

A bilateral trade deal. Tariffs on goods are mostly eliminated and mutual recognition agreements are agreed for most goods. Has sovereignty been transferred or pooled?
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Does unilateral free trade (no trade barriers from anywhere) imply no standards?

Some people have proposed that after Brexit, the UK could adopt the "Singapore model" with unilateral free trade, and have no tariffs or non-tariff trade barriers from anywhere. For example, see The ...
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1answer
491 views

No-deal Brexit and Irish border; can third countries transit through Republic of Ireland?

In case the United Kingdom (UK) leaves the European Union (EU) without any deal, World Trade Organisation (WTO) rules would apply for trade between the UK and any other country or trade bloc. Some ...
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281 views

Are there any countries besides Canada where the flow of goods is restricted between the country's provinces?

This year, Canada's Supreme Court ruled as following: The Supreme Court of Canada has ruled unanimously that provinces and territories have the constitutional right to restrict the importation of ...
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'Fair and equitable treatment' clause in the context of bilateral investment treaties

In the context of bilateral investment treaties (BITs), what is a fair and equitable treatment (FET) clause? How does it work? The abstract of this paper describes FETs, however, it's aimed at ...
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1answer
1k views

USMCA vs NAFTA, what's different?

Breakng news: "Today, Canada and the United States reached an agreement, alongside Mexico, on a new, modernized trade agreement for the 21st Century: the United States-Mexico-Canada Agreement," US ...
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1answer
107 views

Does the WTO have a concept of “default” or standard tariffs?

Does the WTO have a concept of “default” or standard tariffs for when a state has not yet agreed schedules? Or does everything default to zero?
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207 views

Is Belt and Road Initiative cost-effective?

Does the geopolitical advantage of China's Belt and Road Initiative outweigh the financial costs of the loans? Would the loan be better spent internally or kept unused?
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348 views

When and how were the current US and EU tariffs on cars decided?

Trump said in a recent speech in West Virginia that he didn't like the "deal" the US has with the EU on cars. But as far as I know, there's no (separate) US-EU trade agreement on this, except ...
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504 views

Has there been any EU reaction to Trump's threat to put a 25% tariff on all EU cars?

The threat of (more) US tariffs on EU cars has been making the news again today: President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the ...
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2answers
469 views

What's Rees-Mogg's constituency, socioeconomically?

Conservative MP Jacob Rees-Mogg is one of the advocates of unilateral free trade it seems. But looking at his constituency profile on Wikipedia it looks like a bunch of farmers and "light industry". ...
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361 views

Have any prominent Brexiteers argued for the UK to become a duty-free country (like Singapore)?

If the UK exits the EU without a written (and WTO-compliant) free-trade agreement, it would fall back to MFN rules: An exit from the EU, for example, would cause the UK to lose the preferential ...
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150 views

Are there precedents for the EU fining the UK for undervalued Chinese imports?

With all the Brexit talks, this has become a barely noticed case, but it might be relevant for future border relations between UK and EU: Britain faces a potential €2 billion bill from Brussels ...
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177 views

What political theories allow businessmen understand politic easily? [closed]

I am a businessman. A pretty successful one. I want to understand politic. Currently I think I am just a customer of a state, namely, my state, where I paid protection fee called tax. However, ...
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183 views

Leaving the EU without a deal and MFN rules

If the UK left the EU without a trade deal, trade with the EU would continue because it would be illegal to offer the UK worse trade terms than any other third country under WTO most-favoured nation ...
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71 views

FTAs permissible by WTO

As a WTO member a country attempts to strike bilateral trade deals to augment the baseline trade schedules agreed at the WTO (IIUC). I read that sectoral free trade agreements (FTAs) are prohibited ...
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1answer
505 views

Can schedules be bilaterally agreed in the WTO forum?

Can schedules be brokered bilaterally, i.e. without consent of other WTO members, or do all WTO members have to ratify all WTO deals? I am trying to understand if all WTO members will need to ratify ...
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225 views

Does the WTO itself have any input into trade agreements?

Does the WTO itself have any input into trade agreements, or is it merely a forum for sovereign states to negotiate and settle disputes?
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774 views

No deal Brexit - how to transition to a new UK/WTO legal interface

If the UK leaves the EU without an EU deal, then I thought UK trade would happen on WTO terms. If this is incorrect, on what terms would trade occur? Is it correct to say that WTO-based trade cannot ...
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4k views

What international relations is Australia missing out on by being a constitutional monarchy?

For my debate, I have to argue in favour of Australia being a republic. I'm planning on one of my points being that by still being a monarchy, Australia is missing out on multiple international ...
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2answers
161 views

How does Brexit affect trade between the UK and countries outside of the EU?

While the negotiations between the UK and the EU are currently front-page news, what happens to treaties and agreements UK is automatically a party of by virtue of their EU-membership? Are there ...
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72 views

Has Trump has set any benchmark for winning the trade war(s)? [duplicate]

It's well known that Trump said that: 'Trade wars are good, and easy to win'. But unlike in a conventional war, how do you know when you've won a trade war? And I mean this question to be answered ...
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2answers
5k views

What were Trump's specific accusations justifying imposing tariffs against China?

President Trump repeatedly talked about China's unfair trade practices. What were those? Do other countries like China install unfair trade guidelines? Or, is China being targeted "unfairly"?
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Does the European Union buy soybeans?

Thursday reports relative to the Juncker-Trump meeting: Europeans agreed ... to buy billions of dollars of American soybeans. Now, my question is quite simple: Does the European union buy ...
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Is there a stated goal in the US “Trade War”?

I'll call it a Trade War, because I don't know that there is a more appropriate phrase. Initially I understood the administration's goal was to stimulate US producers to be more productive, so as to ...
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733 views

Who authorizes the $12B in emergency aid to farmers and where does it come from?

The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump's escalating trade war in key ...
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152 views

What is the argument for committing to ongoing regulatory alignment for goods between the UK and EU?

The UK economy is only ~20% goods-based [1]. ~85% [2] of the global market (PPP) sits outside of the EU (excluding the UK), and this share is growing. Only 5-8% [3] of UK businesses export to the EU....
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918 views

The EU and Japan recently concluded a Free Trade Agreement - will the EU and Japan share a common rulebook on goods, including agrifood?

The EU and Japan recently negotiated a Free Trade Agreement. Will the EU and Japan therefore share a common rulebook for goods, including agrifood?
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118 views

UK Chequers Statement and Trade Deals

The statement released on 6th July 2018 by the UK Government from Chequers stated that the intention was to maintain a common rulebook for all goods and agri-food. Will this enable the UK to allow ...
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Are counter-tariffs to the Trump tariffs going through the WTO?

Under WTO rules there is a dispute settlement process which WTO member states are expected to go through to settle trade disputes. Trump has sidestepped this process by declaring the steel and ...
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150 views

How much aluminum and steel (in USD) does the US import from the EU?

The EU tariffs that are a response to US tariffs on aluminum and steel come into effect today, they are said to be worth 3.2 billion dollars source How much steel and aluminum does the US import ...
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219 views

What's fundamentally considered “fair” or “healthy” when it comes to a trading relationship between two countries?

Looking for a simplified fundamental answer to educate myself, obviously this topic could be the subject of years of study but I'm hoping there's a simple explanation so I can understand the basics as ...
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3answers
5k views

What reasons do pro-trade politicians use to justify retaliatory tariffs?

The general "neoliberal" position towards trade is that it benefits both sides and low tariffs/subsidies are beneficial. This has been the dominant trend in wealthy nations for the last thirty plus ...
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311 views

Is it possible that the US raises fees for using US based internet services – like Stack Exchange or Google – for people not living in the US?

In the current discussion about fees and taxes for import and export of goods to and from the US I have a question about internet services (as kind of virtual goods): Is it possible that the US ...
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3answers
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What is Canada's case for applying tariffs on US dairy?

Donald Trump has been making a lot of noise the past few days about Canada's protection of its dairy industry, and cites that practice as the justification for the steel and aluminum tariffs he has ...
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Does the US President have the ability to blanket prohibit trade with entire countries?

I'm curious, since some sources seem to think that's what President Trump is threatening right now: Referring to what he called “ridiculous and unfair” tariffs on U.S. imports, Trump said, “It’s ...