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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38
votes
6answers
11k views

Why has Russia declined OPEC's request to cut oil production?

On Friday, Russia declined to participate in a plan devised by the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) to cut oil production levels, in order to keep oil prices steady ...
3
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0answers
111 views

Who decides how consumer electronics could and should be labeled and advertised? [closed]

Let's suppose I'm a somewhat-educated computer-science-wise citizen who is very dissatisfied with inconsistent digital storage drive capacity labeling, where manufacturers use GB (base-10 SI metric ...
22
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5answers
8k views

Post-Brexit UK-EU trading relationship: Why (not) Canada?

While the UK seems to pushing for an FTA with the EU similar to the one between the EU and Canada (or Japan or South Korea), the EU seems to have said no to this immediately on the grounds of ...
2
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1answer
86 views

Is Turkey busting the US (oil) sanctions on Iran?

What is known about the extent of Turkey's compliance with US sanctions on Iran? I've read some conflicting reports. One from May said that Turkey completely stopped buying Iranian oil, obeying US ...
0
votes
1answer
189 views

How long has populism been affiliated with the Republican Party [closed]

Donald Trump has been described as a populist, yet he imposes high tariffs on China. He has gained bipartisan support for this, but there are Republicans who do disagree. Populists, from what I've ...
3
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3answers
334 views

Why did the UK not trade more with countries outside the EU?

The UK is leaving the EU in the process called Brexit. For companies in the UK, the interaction with customers in the EU will become more difficult for the customer. I suspect that it also becomes ...
4
votes
1answer
88 views

What's the shortest time a trade agreement has been put in place?

I've heard trade agreements usually take years to negotiate and implement. Boris Johnson wants to negotiate a trade agreement with the EU in under a year. Are there any precedents for successfully ...
2
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0answers
56 views

Are there past examples of China commiting to and then managing to boost its imports by dozens of billions of dollars?

In the recently announced US-China [mini]deal China has pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules. I'm curious how realistic is the first ...
16
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1answer
537 views

What are the Brexit steps for 2020 and beyond?

As I understand it, Brexit and the start of the transition period on January 31st, 2020, still require the approval of the UK Parliament. This is generally assumed to be certain, given Johnson's ...
8
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1answer
224 views

Does Boris Johnson’s new negotiated withdrawal agreement mandate customs checks between Northern Ireland and the rest of the UK?

The new Withdrawal Agreement negotiated under Boris Johnson’s leadership has constantly come under scrutiny about whether or not the agreement when implemented would necessitate customs checks between ...
3
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0answers
89 views

Has the position of the NHS been considered in exploring the option of Brexit while remaining in the EU customs union?

I was watching Channel 4's What happens after a Brexit election?, in which one of the guest introduces the NHS: The Conservatives aren't having to answer questions about the details of their ...
9
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4answers
575 views

Is the dossier released by Labour proof that the NHS is for sale?

Today, Labour released a 451 page dossier at a press event, which they say was leaked from the Department for International Trade, and is a record of preliminary discussions that have taken place ...
5
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1answer
185 views

What gives presidents (President Trump) the right to negotiate bilateral trade agreements?

I know that there is some legislation that President Trump has cited allows him to raise tariffs, as well as "fast track" that applies to multilateral trade agreements, but what allows him to exercise ...
3
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1answer
161 views

Will the recent US tariffs against Scottish (and more generally UK) products cease to apply after Brexit?

The BBC has some details as to the list of products tariffed by the US as a result of the Airbus WTO ruling. Among these Single malt Scotch whisky According to the Scotch Whisky Association (...
2
votes
1answer
187 views

Can the UK make a no-deal “real Brexit” next year, even if the Johnson-EU deal is approved (by all involved)?

Some breaking news from the Guardian: The Tory Brexiter John Baron told the BBC this morning that ministers like Dominic Raab, the foreign secretary, and Michael Gove, the Cabinet Office minister, ...
10
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3answers
302 views

How [dis]similar are Trump's and Warren's (proposed) trade policies?

An AIER article says Today Congress is statutorily impeded from stopping a continued march toward autarky, lest there appears some bipartisan legislation structured to take it back. The problem is ...
4
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2answers
288 views

Did Trump make any concessions in his 'Phase 1' trade deal with China today?

From what I've read, the US agreed to not proceed with a round of tariff increases on Chinese imports, and in exchange China agreed to buy several tens of billions of dollars more in agricultural ...
5
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2answers
194 views

How big is the total bailout (“trade aid”) that Trump gave to US farmers since the trade war began?

News from 2018 mentioned $12B: [07/24/2018] Agriculture Secretary Sonny Perdue on Tuesday unveiled a three-part, $12 billion plan to ease the sting of retaliatory tariffs on U.S. farmers through a ...
4
votes
2answers
221 views

Does a tariff of 25% on steel imports do anything other than make steel more expensive in the US?

Donald Trump set the tariff on steel imports to 25% in March 2018. I understand the decision is part of the trade war against China. And the trade war is motivated by the overall strategy of "Make ...
39
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4answers
8k views

How are steel imports supposed to threaten US national security?

I am reading this article. Therein it is stated that: Under national security grounds (Section 232), Trump applied tariffs of 25% on steel and 10% on aluminium in March 2018, covering $ 10.2 bn ...
3
votes
1answer
121 views

Has Orrin Hatch elaborated on his vote against the Export Administration Act?

Only three senators voted against the Export Administration Act. He seemed to be supportive of Israel. He wanted to suspend the importation of steel, so it seems like he was not as supportive of ...
3
votes
1answer
100 views

Is there special legislation in EU law to permit free ports?

Is there special legislation in EU law to permit free ports, or are they implicitly permitted on the basis that goods become subject to tariffs as soon as they exit the port into the member state?
8
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1answer
2k views

Why has the UK has not yet signed a continuity trade agreement with Turkey?

From UNCTAD, as of 3 Sep 2019: Among the countries which currently grant preferences to the EU but for which the UK has not yet reached an agreement to grant continued preferential market access, ...
-2
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1answer
170 views

US trade war with China: what is in total with trade balance for today? [closed]

Trade war between US and China lasts nearly since Trump's election. One of claimed goals was to shorten US trade deficite. There is a hoard of different news and bright claims about trade war, but ...
-2
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3answers
388 views

Brexit, why is this so complicated? [duplicate]

Despite of probably having an overly broad question and a simplistic view: Everytime I read about the British politics these days, I wonder, what is all the fuss about Brexit about? They had a vote, ...
11
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1answer
224 views

When is a US tariff actually paid?

Trying to understand when a tariff is actually imposed & paid on goods coming into the US. The Trump administration has announced at various times changes in tariffs to be imposed on certain ...
1
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1answer
54 views

Do trade or currency wars require congressional approval?

According to the US Consitution, Article 1, Section 8, US Congress has the power "To declare War". Currently, several mainstream news outlets are describing various tariff increases by the current US ...
9
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1answer
437 views

Why does the EU-Turkey customs union not violate the single market principle?

In the Brexit negotiations the EU has rejected the British wish of being part of the single market but without free movement of people. Such a partial free market could lead to unfair competition and ...
7
votes
2answers
207 views

Who is responsible for preventing smuggling

Related to; fentanyl imports Who is responsible for stopping smuggling into a country? The country where the goods are shipped from, or the one which receives them? Recently the UK has been asked ...
1
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1answer
50 views

Differences - “national measure adopted by the host state” vs. “a diversity of national regulations”

How do 1 and 2 beneath differ? Robert Schütze. European Union Law 2 ed. 2018. p. 501. All emboldenings are mine.       Under the (modern) international model,27 each State ...
8
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1answer
211 views

What are the groups that can legally challenge Trump's tariffs and can they have them reversed?

In a Wikipedia article about Trump's tariffs, it is argued that Trump's tariffs are illegal and The American Chamber of Commerce is considering suing. Can any other group other than them sue Trump and ...
5
votes
1answer
108 views

What is the most severe retaliation possible under article 22 of WTO dispute settlement?

Article 22 of WTO dispute settlement as found in Annex 2 of the WTO Agreement deals with compensation and the suspension of concessions. I'm wondering what kind of retaliation this entails. The ...
1
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2answers
117 views

How do export restrictions help domestic market and national production?

Sentence 1 under suggests that EX-port restrictions help national production. But how? I understand how IM-port restrictions help "domestic market" (from sentence 2) and "national production" - IM-...
3
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2answers
168 views

Why do certain states offer lax, open ship registries?

Some world states maintain an "open registry" of ships, allowing non-resident non-citizens to register their ships in that state and fly its flag (a "flag of convenience"), and additionally, do not ...
5
votes
1answer
363 views

Where might the Iranian-oil-carrying tanker Grace 1 have been heading?

The UK recently seized an oil tanker, Grace 1, carrying Iranian oil into the Mediterranean sea. The UK claimed the oil was intended for Syria, but Iran denies this (e.g. Javad Zarif in this interview, ...
-2
votes
1answer
185 views

Does Indonesia restrict chicken wings import under the pretext of halal certification?

I couldn't find the link on the Americans do not like chicken wings enough. The consumption is far less than production. That's because the chickens are injected with so many hormons on their wings. ...
1
vote
2answers
253 views

Why did EU sign a free-trade deal with Vietnam?

According to Reuters, The European Union has signed a free trade deal with Vietnam: The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a ...
5
votes
1answer
243 views

Why use tariffs instead of a tax on foreign investment to remedy the “trade deficit”?

Many people and politicians in the United States lament the trade deficit, or more precisely, the current accounts deficit. The necessary corollary to a current account deficit is a capital account ...
3
votes
1answer
150 views

How does INSTEX work, and why won't it work?

After the US withdrew from the JCPOA, it threatened criminal and/or financial action against entities which trade with Iran (with some limited exemptions). This made the SWIFT society drop Iranian ...
2
votes
2answers
124 views

Are Common External Tariff levels in the EU agreed via qualified majority voting or unanimity?

Are Common External Tariff levels decided by qualified majority in the Council of Ministers? Or are these classified as taxation and therefore need unanimous agreement?
3
votes
2answers
332 views

Does Japan intentionally devalue its exports to the US in exchange for US military protection?

I came across this unsourced answer which claims that the Japanese government buys US treasury bonds at a loss to make exports to the US cheap for US consumers in exchange for military protection by ...
5
votes
1answer
821 views

How many US states still prohibit transportation of alcohol across state lines without a license, even for personal use?

Apparently Ohio still prohibits transportation of alcohol (even for personal use) across its state lines, without a license ("H permit"), while Pennsylvania legalized it in 2015/2016 and Iowa was ...
2
votes
1answer
189 views

Ratification of trade agreements

Are trade agreements treaties? If so, does that mean that trade agreements are agreed by trade envoys and cabinet-level politicians before being presented to the legislature for ratification? In ...
5
votes
1answer
187 views

Do the United States' new tariffs on Mexican imports apply to goods shipped through the US to other countries?

Canada currently imports some 2.5 Billion C$ a year in fresh produce from Mexico. If this produce is shipped by rail or truck through the United States to Canada, would the proposed Trump escalating ...
2
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2answers
238 views

What are the consequences of the U.S. imposing a 5% tariff against Mexico?

https://www.youtube.com/watch?v=PT42zJhZ-jw What are the consequences of the U.S. imposing a 5% tariff against Mexico? I heard on Bloomberg that the 5% tariff would be a breach of NAFTA. If the U.S. ...
1
vote
1answer
337 views

Why does the 25 year import rule for cars still exist in the USA?

A motor vehicle that is at least 25 years old can be lawfully imported into the U.S. without regard to whether it complies with all applicable FMVSS. Why does that 25 year import rule for cars still ...
2
votes
1answer
40 views

Was parliamentary ratification of trade treaties necessary in the UK (before joining the EU)?

The royal prerogative seems to be the source of UK's government's power to conduct foreign affairs. But does it completely cover trade treaties, i.e. before joining the EU was parliamentary ...
4
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2answers
135 views

Trade Agreements Approval Process EU vs UK

According to The Trade Justice Movement, the UK's current trade negotiation legislation (which hasn't been relevant for some time) means that only government approval (that is the executive) is ...
12
votes
2answers
793 views

How does the EU Emissions Trading Scheme account for increased emissions outside the EU?

If a third country (say China) is not beholden to the same emissions trading scheme, market forces should push steel production into the countries where costly emissions credits are not needed and ...
9
votes
2answers
473 views

What can the U.S. do politically if China decided to stop exporting rare earth metals to the U.S.?

China has recently threatened to ban export of rare earth metal to the US. What can the US do to retaliate against such a move politically? Is there anything the U.S. can do that could hurt China as ...