Message from @Weez
Discord ID: 616022798975893584
The trade deal hasn't even been negotiated yet, so how can you say that? @randomNPCno3
The ideal is: Free trade so that goods can move with as little friction as possible from A to B.
WTO adds tariffs in the way, increasing the costs of those goods
And the EU won't add tariffs if the UK does a hard Brexit?
The UK will be trading with the EU on WTO rules
Didn't you say like...3 hours ago that the EU would place tariffs on UK goods?
Yes
Through the WTO
or by "they" were you referring to the WTO?
Yeah, I should have been clearer
The WTO
Sounds like the EU would be throwing a bit of a tantrum
alternatively, sounds like a spiteful GF
🤷🏻
Spiteful for sure, but justified tbh
How so?
We didn't honour our agreements
Which ones?
Why should we be treaded any differently?
WTO rules don't regulate or tax you. Pretty easy to make up the difference.
how so?
Currently as a member, we need to keep paying into the budget
There's the pensions which we will need to pay our end of
And, as I pointed out before, losing access to UK markets is a substantial hit to German GDP. Bearing in mind their already in negative bond yields.....
Well, the EU isn't Germany
Though the Germans have influence in it
https://www.bloomberg.com/news/articles/2019-06-11/germany-gets-a-recession-warning-as-investor-confidence-plunges
<:pot_of_kek:544849795433496586>
Isn't the EU mostly funded by Germany?
It might be 20 percent of the budget?
Tops
Isn't Germany the largest economy in the EU?
True, but the EU is made up of more member states, with combined have more power than Germany
Here's some things we'll be forced to pay money for
Oh I agree that the EU can shiv Germany by taking punitive action against the UK. That's not going to change the economics of a recession in the largest economy....
True
There's quite a bit of speculation around either a global recession or a EU regional one
What did Thatcher say about the problems with socialism?
I meant the bit about running out of other people's money. In this case the German's. So if you don't have UK and Germany is in recession whose money pays the EU? France? I mean Poland has been kicking ass but I doubt they'll go for that...