Four years on, still basic mistakes on tariffs at the very top of UK politics

An exchange on tariffs in the Commons Liaison Committee shows a lack of basic understanding by Johnson, the chair of a key committee and a leading journalist

By Peter Ungphakorn
POSTED SEPTEMBER 18, 2020 | UPDATED SEPTEMBER 22, 2020

Here we go again. You’d have thought they would get it right by now. After all it’s over four years since the Brexit referendum thrust trade and World Trade Organization (WTO) rules into the British political consciousness.

And yet, there we were, on September 16, 2020, a few weeks before a UK-EU trade agreement was supposed to be concluded, listening to two leading politicians showing they still don’t get the most basic rule in international trade.

Continue reading “Four years on, still basic mistakes on tariffs at the very top of UK politics”

A real beginners’ guide to tariffs and the WTO

‘Can someone explain to me international tariffs and WTO law as if I were a six year old? Seriously. I don’t get it. At all. No frame of reference whatsoever. Any takers?’

By Peter Ungphakorn
POSTED JULY 28, 2018 | UPDATED JULY 18, 2019

All too often we assume people know what we’re talking about. A question someone asked recently on Twitter showed how wrong those assumptions can be.

One of the assumptions is that everyone knows what “tariffs” are. The BBC prefers “trade tariffs” in case we confuse them with energy rates or other prices.

Tariffs are part of the Brexit debate, and are central to Trump’s trade war. But the fact is, most of us never had to deal with this before.

So for the benefit of Dr Dominic Pimenta and six-year-olds everywhere, here goes. Continue reading “A real beginners’ guide to tariffs and the WTO”