[Closed] Ckhinese imports - Brexit

I think it was all detailed on the side of a bus a while back. Reckon you should get it with a google image search.

but does anyone know what will to the cost of imports?

Currently* No.

*16:43 12/3/2019

Write to your MP and ask

Last time I looked, China was outside the EU so can't see any changes in terms of import tariffs etc as the plan is to roll-over existing agreements until they change. I expect they'll be 'green channelling' the majority of EU imports anyway because it would be chaos otherwise - we simply don't have the infrastructure, systems or people to start processing all that stuff.

Don't see it making a scrap of difference, you already took the hit when the £ dropped in value against the $ a couple of years ago. Expect something like 4% import duty and 20% VAT plus a handling charge. All very much influenced by the declared value

My new bit of Pinion kit coming from Germany, that is another kettle of fish altogether

Will you not have to go fetch it yourself ?

Ask LyingBloHard or call MayBot.

My new bit of Pinion kit coming from Germany, that is another kettle of fish altogether

Same for me and my trickstuff brakes...

Wasn't sure if that 4% duty was set because we're part of the EU and likely to change when we're not.

Seems like an ideal opportunity for the Tories to make more off the back of hard working people. Isolate us from foreign trade after destroying the countries manufacturing industry, then ramp up the importance duty on everything.

I think you have your answer this morning.  If I am understanding this correctly in the event of a brexit delay or a deal nothing will change, in the event of a no deal brexit you may have zero duty to pay just 20% VAT.

then ramp up the importance duty on everything.

Or get rid of it all, under WTO rules as if you offer a no tariff deal to one (eg Europe for ease of getting everything through) you have to offer it to all. Allowing their foreign mates/backers to undercut UK companies. Because **** you.

I'd have thought small parcels would get through even easier post Brexit. Customs will be so busy dealing with container loads of car parts that they used to wave through that a pair of 99p 'sample' wheel from lightbike wont even get eyeballed.

Does anyone know what’s likely to happen if/when they land in the post apocalyptic Brexit Britain? I’m guessing there will be massive delays, but does anyone know what it will do to the cost of imports?

Sweet FA ime. Have bought some items from the USA since last year. The sellers respond to my naive enquiries about import duty and custom declarations as if the UK is still in Victorian times.

The only disruption is going to be at cross channel ferry ports and it will be temporary and relatively short lived. Anything air freight will go through as normal. As far as tarrifs are concerned either they'll remain the same in the event of a deal as we're likely to continue with current arrangements....if we go hard Brexit then import tarrifs will be reduced or removed. Tarrifs are not a money making mechanism...they're not a tax...they're a trade equalisation mechanism there to protect domestic trade - they're inward looking and protectionist...the opposite of what we're trying to achieve with Brexit which is a move to more open and free trade. In the UK we have a very balanced trade...we have products manufactured here in the UK that are in demand abroad that nobody else can do, and have demand in the UK for foreign products for which there are few or no domestic alternatives, so no real protectionism from either side to worry about...unlike say the US and China where there is a lot of protectionism going on and tarrifs are the mechanism to try to create more balanced trade.

Whatever the outcome I think most people expecting or even looking forward to a post apocolyptic scenario of emptying shelves and a mad max style open warfare on the roads will be dissapointed and left wonding what to do with their garage full of stocked up water and tins of baked beans.

The only disruption is going to be at cross channel ferry ports and it will be temporary and relatively short lived.

At lest comedy is back

we have products manufactured here in the UK that are in demand abroad that nobody else can do

What is our biggest manufactured export?
Cars.
Half of which are sold into other EU countries.
Can they be made elsewhere…?

As for the China imports… expect similar costs, just allow for a time delay. A further pound drop will counter any tariff removal, and checks will still be needed even if tariff is 0.

officially you would have to pay import duty, plus vat, plus brokerage/disbursement from the carrier. Currently bike parts are at 4.7% into the EU, plus your 20% vat. If we come out hard Brexit, in theory we will revert to standard WTO tariffs (but as someone else said above, there may be some roll over of the tariffs that apply already - i.e. Eu ones) - from what I can work out WTO tariff for bike parts is 12% (HS Code 871493xx), plus the 20% vat - figure on approx another 5 for the carriers additonal charges. These are all based on the declared value shown on the export docs.

Or it might just slip through unnoticed...

In the UK we have a very balanced trade…we have products manufactured here in the UK that are in demand abroad that nobody else can do, and have demand in the UK for foreign products for which there are few or no domestic alternatives, so no real protectionism from either side to worry about

Apart from, say for example, ohh I don't know, carbon bike parts?

should also point out that the default to WTO trade terms is only if there isn't a deal between whatever country and the UK already in place. I believe there are at least some trade agreeements already in place ready to activate if we crash out. Probably not with anyone useful right enough...

I believe there are at least some trade agreeements already in place ready to activate if we crash out

Not sure there are. As we are still in the EU we can’t make our own deals. That is what the deal is about. The transition period that allows us to make deals to start in 20 months time, once we will be totally free of the EU, if we decide that’s what we want. No deal means no transition period, you are on your own from day 1.

*all as I understand it, obvs

I believe there are at least some trade agreeements already in place ready to activate if we crash out

Six are.

Including Chile, Swizerland and the Faroe Islands, eastern and south african trading blocks ................ *

Basically we're f***ed next month except for Toblerone, secretive private banking, shell company registrations in a tax haven, and air freighted fruit (I've no idea what we trade with the Faroe islands).

*You'll have to google the 6th I can't remember it, but it's not looking good.

After Brexit you’ll be burned at the stake and then drowned for practicing witch craft. We’ll have none of your fancy round make goes in good ol’ Blighty!

Can we buy shares in Hope? Since they'll start to become much cheaper for us relative to imported stuff.

Just as soon as your find the Bauxite reserves and can get time in our only smelter

what we’re trying to achieve with Brexit which is a move to more open and free trade.

What, like the open free trade we have between all EU member states and those non EU countries the EU has free trade agreements with? All of which we lose on leaving.

Nobody really knows what'll happen today never mind post-brexit- it might be dutied and taxed, it might not, it might be applied at some completely random rate that nobody at customs can explain while you're putting through your 3 month long refund case.

But I'm sure this excellent and reliable system will adapt well to the challenges of brexit.

Or get rid of it all, under WTO rules as if you offer a no tariff deal to one (eg Europe for ease of getting everything through) you have to offer it to all

How do the side deals like NAFTA (Or whatever the US Boris Johnson president guy calls it now) and TPP and the like work? They all offer tariff free trade between some countries but not others.

WTO rules only apply where no trade deal is in place so if you have the EU, Nafta, tpp or whatever in place you can have different rules for specific countries.

Just buy the rims. You may end up paying a couple of % more or a couple of % less but not enough to worry about is it. And do it today so we don't have yet another brexit thread starting

Ah ok. So WTO rules for everyone except those mentioned above then, in the case of no deal.