99
votes
What is Canada's case for applying tariffs on US dairy?
It seems that Canada and the US use two different systems to protect their respective domestic dairy producers.
In Canada "Under a system called supply management, the Canadian government controls ...
- 10.5k
91
votes
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How are steel imports supposed to threaten US national security?
By allowing the import of steel, you encourage the dissolution through insolvency of native steel firms (because they often struggle to compete economically with imported steel). This means that you ...
- 5,845
86
votes
Why are the Brexit trade talks held up by the divorce talks?
This might be described as an "eat your vegetables" strategy by the EU27.
The three preliminary issues are not palatable to the UK government:
It is reluctant to discuss the divorce bill. Paying any ...
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66
votes
Accepted
Could European union member countries bypass the EU and make their own individual trade deal with the U.S.?
They cannot. It's an exclusive competence of the EU. So much so that the point played a major role in the Brexit negotiations. The reason there are two phases in the Brexit deal (leave first, then ...
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61
votes
Accepted
Can the president of the United States be guilty of insider trading?
Is there potential for the President of the United States to commit insider trading? Certainly. The President has access to all kinds of material information that is non-public, either because it’s ...
- 26k
53
votes
Accepted
Why did China target Australia for economic sanctions?
It's because they previously saw Australia as a weak link in the Western democratic alliance, and are not happy that they are now firmly siding with the U.S. and other Five Eyes.
Australia has long ...
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45
votes
Accepted
No deal Brexit : How is it going to help UK to create new trade deals?
More than "an opportunity", it should read "will be forced to", as it will begin with no trade deals with other countries and will default to the WTO rules.
For the answerable part:
A country within ...
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45
votes
Why do EU sanctions against Russia stop short of a total trade ban?
I think there are at least two obvious reasons,
The EU profits from trade with Russia. Russia buys a lot of stuff, sells a lot of stuff the EU needs, and also uses the European market for its ...
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45
votes
Any public information confirming arms shipments to Ukrainian ports via grain deal?
Difficult to prove something did not happen, but let's take a look at the inspection mechanisms for the grain deal.
Black Sea Grain Initiative | Joint Coordination Centre | United Nations
The Joint ...
- 92.7k
43
votes
What international relations is Australia missing out on by being a constitutional monarchy?
Sorry, I think you are out of luck here.
NATO and EU are open to (constitutional) monarchies, for example Belgium is a member of both. The EU is restricted to democracies, and while there are no ...
- 124k
42
votes
What reasons do pro-trade politicians use to justify retaliatory tariffs?
The point of retaliatory tariffs is to act as a disincentive to countries thinking of imposing tariffs. WTO rules, being agreements between sovereign nations, can't really be enforced. Instead they ...
- 7,564
41
votes
Accepted
Does stopping metal imports alone cover the trade deficit of the USA?
According to the US census bureau, the trade deficit of the United States in 2016 was $504.8 Billion.
The recent US import tariff increase is on both steel and aluminum. In 2016, the United States ...
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40
votes
Accepted
Post-Brexit UK-EU trading relationship: Why (not) Canada?
There's not really a lot to elaborate on, the UK's location is the key reason why the EU is not willing to grant a Canada style deal. Elaborated here, as a low number of tariffs, and high quotas. ...
- 25k
40
votes
Accepted
ELI5: Why is Russia's requirement for oil to be paid in Roubles abnormal?
Because the contracts stipulated payments in other currencies (euros, dollars), not roubles.
i.e. all your other arguments are superseded by the fact that these were not the contractual commitments ...
- 92.7k
33
votes
What is Canada's case for applying tariffs on US dairy?
The simplest explanation is that the two systems are not compatible so Canada protects their side via a large tariff wall.
Canada uses Supply Management boards to control the price of dairy (among ...
- 431
33
votes
Accepted
What are some roadblocks preventing a free trade agreement between the EU and the US?
First you can see the lengthly TTIP negotiations as proof that the US and the EU were definitely trying to get a free trade agreement. Here are a few points that made getting a free trade agreement ...
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32
votes
Accepted
What were Trump's specific accusations justifying imposing tariffs against China?
Peter Navarro, the White House National Trade Council and Office of Trade and Manufacturing Policy Director, put out a report called "How China’s Economic Aggression Threatens the Technologies and ...
- 444
31
votes
Accepted
What reasons do pro-trade politicians use to justify retaliatory tariffs?
The tariffs that the EU and China have imposed on the US are politically aimed at (swing) states held by (key) Republican politicians. In this way, the EU hopes to influence the US domestic political ...
- 49.3k
31
votes
Does the EU require preferential trade within itself?
I think you may be confusing this a bit. I am not aware of a "members trade first" requirement, and in any case, private entities are free to trade with whomever they wish. There is however a ...
- 409
30
votes
Accepted
Does the European Union buy soybeans?
According to Reuters, it's not the EU but companies:
“It is not the European Commission that buys, but the industry, and traders who look for goods where they are the least expensive for their ...
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30
votes
Accepted
Why is the Crimean peninsula so important for Russian trade?
Military importance
There are several reasons of the importance of Crimea to Russia, the primary of which is the Sevastopol naval base, which is the largest Russian naval base on the Black sea:
It is ...
29
votes
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Why are the Brexit trade talks held up by the divorce talks?
Almost the first set of talks that were held about Brexit were about the order in which things were happening. The UK wanted to do things in parallel. The EU said no, we need to settle things like the ...
- 1,426
28
votes
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Why would it be considered advantageous to negotiate ones own trade treaties?
The problem is that the EU has to satisfy demands from all member states. In particular, the UK isn't as protective as a few other member states. The EU may have been setting unreasonable tariffs to ...
- 5,494
28
votes
Accepted
Do Ireland and the United Kingdom have a trade alliance similar to NAFTA?
No. Prior to Brexit the UK and Ireland were in the EU single market. Post Brexit the UK is a third country while Ireland remains in the EU. The UK has to negotiate a bilateral trade deal with the EU ...
- 25k
28
votes
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Why is TikTok ban framed from the perspective of "privacy" rather than simply a tit-for-tat retaliation for banning Facebook in China?
Well, Google did operate in China at one point. As far as I recall, China bans/blocks FB and Google's external sites at the Great Firewall based on these companies not co-operating with Chinese law ...
27
votes
Accepted
Have import tariffs ever been good for an economy historically?
The fundamental problem with the question is that this idea of "good for an/the economy" is a deceptively simple phrase in that it sounds like it's straightforward, but very much isn't.
The ...
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26
votes
Accepted
Which EU countries trade more with China than with the US?
The BBC article you've linked uses figures from Eurostat, but I can't seem to find disaggregated international trade data on their data viewer. Nevertheless, a good substitute is the UN's COMTRADE ...
CDJB♦
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25
votes
Why are the Brexit trade talks held up by the divorce talks?
The process of leaving the EU is governed by Aritcle 50 of the Lisbon Treaty. This article requires the EU to negotiate the terms of the withdrawal on the basis of the Treaty on the Functioning of the ...
- 17.7k
25
votes
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What is preventing the UK and the EU from progressing in the talks on post-Brexit trade?
During the Brexit negotiations, fundamentally unresolvable differences were postponed. There will be a point when they will have to come to the table. Look at the terms regulatory alignment and level ...
- 116k
24
votes
Does the United States tax exports?
The United States taxes global income (as opposed to territorial income as in most countries). So the income of the export is taxed in the US when it is repatriated to the US. Some companies leave ...
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