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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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5
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1answer
180 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
147 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 (...
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1answer
174 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, ...
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3answers
283 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
279 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 ...
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2answers
184 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
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2answers
213 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
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1answer
115 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
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1answer
95 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?
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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, ...
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1answer
167 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 ...
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3answers
371 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
218 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 ...
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1answer
48 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
426 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
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2answers
202 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
42 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
186 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 ...
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0answers
80 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 ...
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2answers
111 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
164 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
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1answer
359 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, ...
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1answer
182 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. ...
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2answers
240 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 ...
4
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1answer
201 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
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1answer
123 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
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2answers
120 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
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2answers
303 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 ...
4
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1answer
167 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
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1answer
179 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 ...
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1answer
186 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 ...
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2answers
235 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. ...
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1answer
301 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
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1answer
38 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 ...
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2answers
129 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
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2answers
784 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
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2answers
449 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 ...
9
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1answer
426 views

Exactly what did China “renege on” in a trade deal?

Donald Trump said Beijing “broke the deal” by reneging on earlier commitments made during months of negotiations. Larry Kudlow said that China needs to agree to “very strong” enforcement provisions ...
2
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1answer
137 views

What explains the timing of the U.S China trade tariffs and negotiations?

This Wikipedia article dates the start of the U.S. China trade war to January 2018. Link to Wikipedia. Of course trade rhetoric about China probably dates back to the earliest days of the Trump ...
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1answer
90 views

How many WTO cases has the Trump administration launched (per year)?

Although Trump criticizes the WTO, his administration has nevertheless initiated case there, for example 5 cases against retaliatory tariffs last year: [07/16/2018:] The Trump administration on ...
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3answers
8k views

Can the president of the United States be guilty of insider trading?

For almost one year now, I have closely observed developments on stock markets. I mainly focused on major indices such as the Dow Jones and DAX (I am from Germany). Both indices suffered losses during ...
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0answers
29 views

Are there some figures for Moldova's economic benefits from their Association Agreement with the EU?

Moldova has an Association Agreement with the EU which includes a Deep and Comprehensive Free Trade Area as well as some ancillary benefits according to Wikipedia the modernisation of Moldova's ...
2
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1answer
83 views

What benefits does the African trade bloc bring to the African Union's member states?

What benefits does the African trade bloc bring to the AU's member states and what changes does this deal bring?
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3answers
249 views

What are the reasons for buying weapon systems from other countries?

I was wondering, when reading about Turkey being about to buy a S-400 defense system from Russia, how could they even consider that being an option. I get that global alliances went a bit obscured ...
2
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2answers
159 views

Explanations for the large rebound in EU-Russia trade in 2017?

The European Commission estimated the cost of sanctions [imposed on Russia] for the EU to €40bn (0.3 per cent of the EU GDP) in 2014 and €50bn (0.4 per cent of EU GDP) in 2015. In addition, it was ...
2
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1answer
121 views

What happens to EU trade deals with Brexit

If the UK leaves the EU, either with Theresa May's deal or with no deal, what happens to UK trade with countries that have trade deals with the EU? Does it immediately go back to WTO rules? Or has the ...
2
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1answer
108 views

Is NAFTA currently in effect, and/or will it be in effect should the United States-Mexico-Canada Agreement (USMCA) fail?

I'm curious about the current state of NAFTA. Was it terminated to make way for the new agreement, or is passing the new agreement the trigger for the removal of NAFTA? Basically, if the new trade ...
7
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1answer
452 views

Why is some Russian asbestos bound for the US stamped with Donald Trump's face?

After about 41:20 in the YouTube video for the PBS NewsHour full episode March 13, 2019 it is reported that some asbestos mined in Russia destined for the US bears a stamp of US president Donald Trump'...
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3answers
516 views

Why is the US increasing its oil exports in recent years after protecting its oil reserves for a long time?

The United States will lead oil-supply growth over the next six years, thanks to the incredible strength of its shale industry, triggering a rapid transformation of global oil markets. By 2024, the ...