Liam Fox on #Marr claims the EU couldn't penalise the UK with tariffs under WTO rules and simultaneously that the UK could cut tariffs for developing nations. Profoundly worrying that the International Trade Secretary seems to understand so little about international trade rules.
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Firstly, tariffs are a cost, but not an absolute barrier. The Kingom of Exceptionalistan cannot just make toasters, which may or may not explode on plugging in, export them ito the EU and just pay the tariff. The EU could *absolutely* penalise the UK with non-tariff barriers.
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Secondly, in the absence of trade agreements, if a country is operating purely under WTO rules, the *one thing* it cannot do is cut import tariffs selectively for some WTO members and not for others. The idea that Kindom of Exceptionalistan would be allowed to do both is fiction.
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Don’t take this “Remoaner’s” word for it. Read the assessment of the Leave Alliance.pic.twitter.com/O8hH7S0jQC
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It would be so very useful if
@AndrewMarr9 could educate himself on the above really basic points so that@LiamFox doesn’t go completely unchallenged with this nonsense in interview after interview.31 replies 165 retweets 438 likesShow this thread
Except of course Andrew Marr is a massive Tory gobshite.
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