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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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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 ...
8
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3answers
3k views

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 ...
9
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2answers
305 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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1answer
81 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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2answers
63 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 ...
3
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3answers
151 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?
14
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2answers
1k views

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 ...
3
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1answer
228 views

No-deal Brexit and Irish border; can third countries transit through ROI?

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 ...
3
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3answers
270 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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1answer
68 views

'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 ...
3
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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 ...
4
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1answer
105 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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1answer
198 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?
8
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1answer
263 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 ...
9
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3answers
436 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 ...
8
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2answers
423 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". ...
5
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1answer
328 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 ...
4
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0answers
120 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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1answer
163 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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2answers
145 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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1answer
55 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 ...
1
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1answer
328 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 ...
3
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1answer
208 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?
7
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1answer
667 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 ...
7
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1answer
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 ...
2
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2answers
151 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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0answers
71 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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5answers
4k views

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 ...
9
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5answers
858 views

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 ...
7
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1answer
617 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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1answer
144 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....
7
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1answer
906 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?
3
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1answer
112 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 ...
5
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0answers
119 views

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 ...
3
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1answer
148 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 ...
7
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1answer
216 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 ...
4
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1answer
307 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 ...
56
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3answers
13k views

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 ...
12
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4answers
2k views

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 ...
6
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3answers
650 views

Is a tariff on software (or “information”) possible?

Thinking about the recently imposed trade tariffs by the Trump administration and counter-tariffs from Canada, I noticed they're all on physical tangible goods that pass through customs: metals, ...
5
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1answer
850 views

How will Trump’s tariffs affect North Korea?

How will Trump’s tariffs affect North Korea? Do tariffs mainly worsen the condition of the North Korean economy?
12
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1answer
177 views

What are the reasons behind China lifting foreign ownership limits on automakers?

It is reported: China announced a timeline for lifting ownership limits on foreign automakers Tuesday, meeting a longtime demand of the United States and other countries seeking better access ...
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2answers
306 views

How close is the EU to achieving a fully unified market?

The original goal of the EU was to fully unify its members' markets to achieve a situation where all trade barriers are eliminated. As of 2018, how close is the EU to achieving that goal, according to ...
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2answers
328 views

Why don't the US and Mexico build an economic free trade zone on both sides of the border?

I love traveling and when I went to Malaysia I read about the Bayan Lepas area which was next to Penang. Instead of looking at the US/Mexico border as a problem. Why don't we look at it as an ...
6
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5answers
615 views

If medication prices in the US are higher than in other countries, why not import from there?

In the United States, many medications are much more expensive than in other countries (see for example How the U.S. Pays 3 Times More for Drugs). This is a serious problem for many patients, and ...
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1answer
251 views

Would Trump's steel and aluminum tariffs violate NAFTA?

Although the Trump administration has temporarily exempted Canada and Mexico from the upcoming steel and aluminum tariffs, that exemption could be ended at any time. If he ends the exemption and ...
8
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1answer
2k views

What are the current tariffs against American goods?

Given that Trump is implementing tariffs on metal from foreign countries, tariffs are in the news. I understand that they have been extremely low in the United States throughout its Cold War economic ...
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3answers
3k views

What gives the U.S. president the legal authority to raise tariffs?

In the last few minutes, President Trump has signed a proclamation to introduce tariffs on most imports of steel and aluminium to the United States. Article I, Section 8 of the US Constitution states ...