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Showing posts with the label tariffs

Boris Johnson's Porky Pies

Boris Johnson has been telling Porky Pies about Melton Mowbray pork pies. He gave the pies as an example of our poor trade arrangements with the USA. US regulations stopped them being exported to the US, whilst they could be sold in Iceland. It all sounds like tough-talking. It seems reasonable, but for the fact that the pies are only exported to Ireland. It is the standard trick of the populist politician. Make something up and then sound tough on it. The Melton Mowbray pie is protected by the European Union. A no-deal Brexit would remove that protection, and the pies could readily be copied, or other kinds of pies could be sold as Melton Mowbray. This is a significant worry for the producers of Melton Mowbray pies who fought a legal battle to ensure its status was protected. Mr Johnson is in a hurry to make a trade deal with the USA. Both he and President Trump suggest a deal could be put in place within a year. This is odd, given it would usually take up to ten years. The UK...

Taxing the carbon footprint of world trade

With nations entering a new period of protectionist tariffs,  it is time to rethink the regulation of global trade.   Global trade is the driver of climate pollution and climate change. Call for Carbon Charging: In an article in Nature this month, three leading environmental experts have called for carbon charges rather than trade tariffs. With President Trump imposing heavy tariffs on goods from China and the EU, and those countries following with retaliatory barriers, they fail to address the real problem of global trade.  That countries are simply exporting pollution and emissions through imports. The authors point out that with all good intention of the Paris Climate Accord, it is unlikely that the target will be met of keeping warming below the critical 2 degrees centigrade above pre-industrial levels.  This would be so even if all countries were to meet their targets set out in their individual action plans. Photo by Elle Dunn Tackling carbon-in...