MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘World Trade Organization’

Angela Merkel rejects UK Brexit proposal

Posted by M. C. Fox on December 10, 2018

Of course Angela rejects the Brexit deal. Germany has wanted to be, and is now, the defacto ruler of Europe.

It just happened in a way that wasn’t expected. She doesn’t the UK to screw things up.

Brussels has it’s hands full keeping Belgium together.

https://www.dw.com/en/angela-merkel-rejects-uk-brexit-proposal/a-45627800

Angela Merkel has said the UK cannot pick and choose which parts of the single market it wants to keep after Brexit. The chancellor insisted that Germany would stand up against any attempts to hollow out global trade.

German Chancellor Angela Merkel on Tuesday dismissed hopes in Westminster that after Brexit the UK could continue have access to the EU single market for goods only.

Merkel nevertheless remained confident that the UK and EU would manage to reach a deal by October.

What’s Merkel stance on Brexit?

Addressing business leaders at a Federation of German Industries (BDI) conference in Berlin, the German chancellor said:

  • The UK could not remain a part of the single market for goods, but not for capital or services, as UK Prime Minister Theresa May’s Brexit plan suggests.
  • Based on the UK’s vision of a future relationship with the EU, it would likely be based on a “very, very intensive free trade area.”
  • Any future deal should be as detailed as possible, otherwise the Brexit transition period until the end of 2020 would be too short a time frame to draw up a comprehensive agreement.
  • Europe’s economies are suffering on the back of Brexit uncertainty. “Businesses need clarity,” which was why the EU has some its “hardest days” ahead.

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The Ron Paul Institute for Peace and Prosperity : Tariffs Are Not the Answer

Posted by M. C. Fox on March 13, 2018

http://www.ronpaulinstitute.org/archives/featured-articles/2018/march/12/tariffs-are-not-the-answer/

President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the American and global economies. Tariffs raise the price of, and reduce demand for, imported goods. Tariffs ensure the preferences of politicians, instead of the preferences of consumers, to determine how resources are allocated. This reduces economic efficiency and living standards… Read the rest of this entry »

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