According to reports, since the Northern Ireland Proposal has taken effect in early 2021, it has been the root cause of the tension between the European Union and the United Kingdom. The British government has hinted that some agreement may be canceled. EU officials have repeatedly warned that if the United Kingdom overthrows some of the Northern Ireland protocols, it will have serious consequences.
The Northern Ireland Proposal is a promise of the Brexit Agreement. This protocol mainly includes special customs and immigration issues between the United Kingdom of Britain and the United States and the European Union in Ireland, as well as the cargo trade between Northern Ireland and other regions of the United Kingdom Questions. Northern Ireland is aimed at protecting the European Union’s single market, while the British government has accused the European Union for being too strictly applied.
Britain hopes to reduce the checks and documents between the British and Northern Ireland, saying that British products sold in Northern Ireland only need to meet British standards, not EU standards. Britain has postponed the time when the negotiation is comprehensive, and the European Union claims that it violates international law.
Economists said that if the United Kingdom really wants to overthrow some of the linked books, the European Union may start tariffs on political sensitive products like the United States. If all British products are faced with the same tariffs as goods from other countries from the European Union, then British agricultural products may face 10% of typical tariffs when they are sold to the European Union, with dairy products as high as 35%, but they are collected to British goods. Any tariffs will bring higher costs to European consumers.
On the other hand, the EU may make the process of exporting to the European Union to become more complicated. In fact, according to a survey by the Chamber of Commerce, three -quarters of exporters in Northeast Britain said that the procedures for Brexit after Brexit will sell products to the European Union to sell products to the EU More challenging, compared with 2019, Britain’s export level to the EU has dropped by more than one tenth. For Britain, Brexit made food prices imported from the European Union by 6%in 2020 and 2021.
Whether the European Union and the United Kingdom will face the trade war are not yet known, but it is certain that if the trade war broke out, the economy of the United Kingdom and the European Union will undoubtedly be more challenged.
Post time: May-18-2022