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by jankor
3446 days ago
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There is no fanatism involved. The no deal scenario is optimal for the EU while not so much for the UK. WTO forbids cherry picked tariffs on other WTO members and the EU export to the UK consists mostly of capital goods and final goods (machinery, cars, foods). The UK exports services which Paris, Frankfurt and Amsterdam lobby to get a slice of. Cross-border financial services are easier to restrict. |
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