Avid advocates of Britain leaving the EU should heed the warnings of the Bombardier crisis. The US government is slapping a huge tariff on the importation of Bombardier passenger jets. The Bombardier company is Canadian owned but it makes the wings for its jets in Northern Ireland. The imposition of the tariff by the US government is at the behest of the Boeing aircraft company. The imposition of tariffs is subject to a legal appeal. If the Canadian government loses the appeal in the US then the Bombardier company will be seriously affected and production in Northern Ireland will also be affected. The British government has been making appeals to the US but to no avail. It looks as though the British government is now making veiled threats against Boeing sales in the UK.
Entering into a trade war with the US would be dangerous under the best of circumstances . Britain would lose. After Brexit our position will be weaker; there will be no EU to back us up.
The US is looking after its own companies first. It always does this no matter who is the president. Britain does this too . So does the EU. After we leave the EU we will get no favours from our erstwhile partners. They will tread on us just like the US and China.
When Britain leaves the EU both the EU and Britain will be weakened economically. Even without the UK the EU will still vie with the US to be the world's largest economy. Britain's economy will be dwarfed by the EU as well as by the US and China. We shall be adding to our trading difficulties.
The big boys will protect their economies and Britain will be left to pick up the crumbs. It is not unpatriotic to point out this fact of life and it is delusional to ignore it.
https://www.theguardian.com/business/2017/sep/27/uk-boeing-contracts-bombardier-us
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Wednesday, 27 September 2017
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