5 ms·
for starters, countries will sell to the UK , which will resell to the US at the lowest tarriff rate. Great for the UK, but stupid. I try to sympathize with tr
by seydor 2y ago
for starters, countries will sell to the UK , which will resell to the US at the lowest tarriff rate. Great for the UK, but stupid.
I try to sympathize with trump's deglobalization agenda but it is probably exactly what it seems to be : a colossal stupidity.
- patrickmcnamara 2y agoJust shipping goods through the UK does not make them UK-origin. They have to have a "substantial transformation".
- seydor 2y ago"Johnnie Walker Champagne"
- louthy 2y agoThat’s good, but if you want the really good stuff: Rolls Royce Champagne
- ddouglascarr 2y agoDo you have a reference for this? If they’re requiring substantial transformation, how is this assessed and enforced?
- patrickmcnamara 2y agoIt's pretty complicated and case-by-case, and I'm no expert. https://www.trade.gov/rules-origin-substantial-transformation https://www.trade.gov/rules-origin-substantial-transformatio...
- bitshiftfaced 2y agoIn that example, the UK would soon run a trade surplus, and presumably the US would increase their tariff.