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tariff affects the consumer, NOT the exporter (assuming you hate...

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Cosmoterios

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19/03/24

20:13

Post #: 72967548
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Originally posted by tangs: ↑

Ouch !
EU to impose tariffs on Russian grain imports - report
The EU is preparing to levy tariffs on food from Russia and Belarus, theFinancial Timesreports.
The European Commission is in the coming days expected to impose a duty of £81-per-tonne on cereals from Russia and Belarus, the FT reports, citing people familiar with the plans.
Tariffs of 50% will also be placed on oil seeds.
The reported move comes as farmers in Poland, Hungary and Slovakia, all of which are members of the EU, call for changes to restrictions placed on them by the EU's Green Deal plan to tackle climate change.
They are also calling for the re-imposition of customs duties on imports of agricultural products from Ukraine after an EU decision in 2022 to waive duties on Ukrainian food imports, which farmers in the EU argue undercut their prices.
Polish Prime Minister Donald Tusk has also called for an EU ban on imports of Russian and Belarusian agricultural products.

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tariff affects the consumer, NOT the exporter (assuming you hate Russian exporters).

now, a tool like you, wouldn't understand that prices of wheat is established by an international market - if the EU doesn't want to buy it, somebody else will - levying a tax after it has landed and prices paid to the Russian exporters, means you are ONLY hurting your own consumers.

so that means the Gov want extra tax from its own people, and using the Russian bogeyman as an excuse!!!

of course, it also protect the farmers of their country, from being out-competed by food imports from outside.

Last edited by Cosmoterios: 19/03/24
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