Who Gets The Tariff Money ?

[bluebell]

As i understand it, the EU imposes tariffs on certain imported products that EU members import, so like i heard from someone calling on LBC radio from the potteries region of england, he said that there is a 14 per cent import tariff on imported ceramics from non EU members, so my question is who gets the money, the EU wasters ? or the country that the products come into, and if leaving the EU we as a country can then set our own tariffs if needed to protect certain industries and benifit directly from the money raised . Or have i got this wrong, ? comments please

 

[Jackov Altraids]

The country importing collects and keeps any tariffs.

I've been trying to find out what happens with tariffs from imports into the EU but my access is denied!
http://www.exporthelp.europa.eu/

 

[Brisel]

The Basics of Tariffs and Trade Barriers

Tariffs are taxes on international trade. Here's everything you need to know about trade barriers and tariffs, why they are used, and their effects on the local economy.

www.investopedia.com

 

[Jackov Altraids]

"It is important to recognize that the taxes owed on imports are paid by domestic consumers, and not imposed directly on the foreign country's exports."

Is not true.
That might be considered to be the case in a practical sense but whoever is importing has to pay the tariff. A domestic customer then chooses whether to buy the product.

 

[Stewart Setter]

"It is important to recognize that the taxes owed on imports are paid by domestic consumers, and not imposed directly on the foreign country's exports."

Is not true.
That might be considered to be the case in a practical sense but whoever is importing has to pay the tariff. A domestic customer then chooses whether to buy the product.

The debt is on the importer initially, but ultimately the consumer pays when they purchase the product as you would have factored the import price into your cost of goods which in turn should drive your sale price.

 

[Jackov Altraids]

The debt is on the importer initially, but ultimately the consumer pays when they purchase the product as you would have factored the import price into your cost of goods which in turn should drive your sale price.

Obviously, that is what I said. The quote said "not imposed directly on the foreign country's exports" which is not true.

 

[Stewart Setter]

Obviously, that is what I said. The quote said "not imposed directly on the foreign country's exports" which is not true.

my bad.. caffeine hasn't kicked in yet

 

[Derrick Hughes]

Britain has sent th EU £16bn in non-EU goods tariffs in seven years

 

[farmerm]

Yes when we leave the EU our government will have control or our international trade policy and set UK import tariffs or adopt WTO standard import tariffs. Our gov have made it very clear the intention is to apply minimal tariffs on many imports and they have no intention to use import tariffs to provide any protection for UK food producers. The government have published a newly updated tariff schedule, it makes grim reading with tariffs for most food products being set at levels much lower than the EU tariffs. As is stated above, tariffs influence domestic sale prices, lower import tariffs means more imported products and lower farmgate prices. Cheap food is an election winner but puts you and I as food producers up the creek without a paddle.

Not sure what the intended tariffs are on pottery but I know our domestic pottery industry struggles against cheaper imports even with 14% tariffs, without this that sector will collapse.

 

[farmerm]

Britain has sent th EU £16bn in non-EU goods tariffs in seven years

Aye, and now the intention is to cut none-EU tariffs so our county still would not see benefit from the next potential £16bn.. In effect we are giving that money to suppliers from Brazil, China, India, USA etc rather than it being used to help develop the economies and purchasing power of our most important trading partners.

 

[wanton dwarf]

The EU bureacracy takes none EU tariffs and spends it as they like with obviously no democratic input from anyone in the UK.

Nice little racket they have going on.

IMHO tariffs should be used to protect UK industry against the rest of the world as it is rebuilt after the decline of the decades under EU rule. When or even IF fit the tariffs should be lowered. It would wholely change London centric Westminster policy but I doubt the Conservatives are up to scratch on this issue.

But time will tell.

 

[bluebell]

Surely if your country has total control of tariffs. the country can use tariffs for the good of its people and its industry or is that to simple?

 

[Jackov Altraids]

Surely if your country has total control of tariffs. the country can use tariffs for the good of its people and its industry or is that to simple?

Absolutely.
Free trade agreements do create benefits for consumers but it is international businesses who benefit most and avoid paying tax on those earnings. This is what has accelerated the divide between the super rich and everyone else.
Unless international agreements can be made on the ethical transportation of goods then tariffs may be the only way of meeting demands of climate change targets.
It could be quite simple but the very wealthy have rather more input into such decisions than the general populace.

 

[7610 super q]

NT and large dairy farmers probably......

 

[Derrick Hughes]

Aye, and now the intention is to cut none-EU tariffs so our county still would not see benefit from the next potential £16bn.. In effect we are giving that money to suppliers from Brazil, China, India, USA etc rather than it being used to help develop the economies and purchasing power of our most important trading partners.

Well at least the less well will benefit rather that wasting it on the EU

 

[Derrick Hughes]

Aye, and now the intention is to cut none-EU tariffs so our county still would not see benefit from the next potential £16bn.. In effect we are giving that money to suppliers from Brazil, China, India, USA etc rather than it being used to help develop the economies and purchasing power of our most important trading partners.

Well at least the less well will benefit rather than wasting it on the EU

 

[Brisel]

Surely if your country has total control of tariffs. the country can use tariffs for the good of its people and its industry or is that to simple?

Nah, it will go into the general Treasury pot to pay for the wasters in Westminster or into HMRC's own coffers. Immaterial as they have already said the tariffs will be minimal to keep the masses in cheap food to keep them quiet.

 

[bluebell]

at least it will be our own wasters ? not some unaccountable unelected foreigners ?

 

[Brisel]

That's all good then.

 

[Hindsight]

The EU bureacracy takes none EU tariffs and spends it as they like with obviously no democratic input from anyone in the UK.

I seem to recall some European Parliamentary Elections earlier in the year. Must have been fake news.