The Mudcat Café TM
Thread #165570 Message #4005579
Posted By: DMcG
23-Aug-19 - 02:03 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
You should not forget that Trump is no fan of the WTO, and is unwilling to appoint a judge (Trump’s Search for Absolute Sovereignty Could Destroy the WTO)
So the idea we trade on WTO rules may collapse. The main reason we have to have the same tariffs for all countries is it is a consequence of WTO rules. But if we chose to breach those rules, it is not clear what could be done to prevent us. Sanctions of various kinds, certainly, but if the US and some other countries were prepared to ignore such sanctions they might not hold. The consequences for the world as everything collapses into a free-for-all on trade would be incalculable. But that would not dissuade Trump and probably not Cummings.
Not to mention Trump would be very happy for the UK to take the initial flak rather than the US.