EU’s Latest ‘Screw-You’ to UK Exposes Problem With Trade Agreements
All too often, discussion over trade deals focuses almost solely on tariffs.
It’s true that tariffs—i.e., taxes—are always a significant barrier to free exchange at all levels, but there are also plenty of ways to block or lessen trade that are not primarily tariff-based. Recent conflicts over the pending negotiations between the UK and the EU are a reminder of this.
For instance, The Guardian reported yesterday “The EU will demand the right to punish Britain if the government fails to shadow the Brussels rule book in the future….The bloc will demand that the British government apply EU state aid rules