Comments by "Nigel Johnson" (@nigeljohnson9820) on "Brexit talks latest: Clock running down for mid-november deadline" video.
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@fitzstv8506 I really hope the EU imposes tariffs, so the UK can reciprocate. This will make EU produces even more expensive in the UK, reducing demand still further. There is a trend now against globalisation, as countries realise that globalisation is destroying their local manufactures. Since the EU is a microcosm of the global market, the Germans can expect manufactures to move production to where it is cheapest,that is not in Germany. This will expose the myth that what is good for one member state is good for all.
The EU must also learn that foreign investment is not a good thing, as by definition the investor expects to take out a lot more than they put in. Multinationals do not owe allegiance to any country or state, they will move there money where it attracts the least tax, that may not be in their home country. So I am not worried about the UK car industry, as the UK may yet end up holding the money, particularly if no deal is reached regarding the level playing field. The latter being an EU construct to stop aggressive competition from a newly independent UK.
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