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TorianTammas
Channel 4 News
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Comments by "TorianTammas" (@TorianTammas) on "Amber Rudd quits Boris Johnson’s cabinet over no-deal Brexit fears" video.
@rogerbennett9641 We have three giants in trade: The US (20 trillion economy), China (12 trillion), The EU (16 trillion). They set the rules under which others trade with them. So your idea is amusing, but 2 trillion economies like the UK are the prey in the shark tank of trade.
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@rogerbennett9641 A 16 trillion economy has interests and will not be pushed around by some foreign 2 trillion economy named UK.
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Johnson cares only about Johnson. So if he could gain something from killing Brexit he would do it.
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Nick Baldeagle - Johnson said no deal has one in a million chance.
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@rogerbennett9641 More likely the UK will be one as 2 trillion economies are much easier to swallow then a 16 trillion one.
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@rogerbennett9641 - Facts are not so cosy.
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@rogerbennett9641 From the viewpoint of a 2 trillion economy without any friends in trade it looks like a shark tank and a lot of these sharks are much bigger. Even if they are not bigger then they are united in various cooperative trade groups to have more leverage. We will see how the 20 trillion economy "America First" will balance the trade deficit Trump hates so much. (The UK sells more to the US as they buy from the US and Trump hates that.) We will see if the US opens the UK market with a ram or a crow bar., but may be the UK just hands them a signed blank sheet where the US fill in their demands.
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@rogerbennett9641 The UK choose to trade with the EU as a third country. The UK would trade on the same terms like Canada well worse as Canada has at least a trade treaty. The UK worsens its trade with 80 other countries as the UK burns the EU trade treaties with these countries. So the UK gives itself a negative supply shock. Adam Posen explains that so nicely. https://www.google.com/url?sa=t&source=web&rct=j&url=%23&ved=2ahUKEwjfos-R6sfkAhUMzKQKHW3cAb0QwqsBMAB6BAgCEAQ&usg=AOvVaw0VTJzWxrN8ZFOD4xbU2nov
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