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stephens2021

Brexit: What is the Northern Ireland protocol and why is it needed? - 1 views

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    Under the Northern Ireland protocol, Northern Ireland will continue to follow the EU's customs rules on product standards even after Brexit. The purpose of this is to keep the UK-ROI border free from any border post infrastructure, so as to not create political instability. As a result of the protocol, tariffs may be charged on goods being shipped from the rest of the UK into Northern Ireland, but as long as the goods stay in Northern Ireland, the tariff would be refunded.
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    It is interesting that all of these different protocols are necessary to maintain political stability. I am still a bit confused as to how this tariff will keep political stability, but I think that is a function of my lack of knowledge regarding Brexit and what happened with Northern Ireland. As such, I would be interested in learning about this on a deeper level so I can have the context necessary to understand this article.
lauran5556555

Gulf tensions: Saudi Arabia flexes its economic muscles | Financial Times - 0 views

  • the increased cost of tariffs of between 5 per cent and 15 per cent on products that for years had been shipped tariff-free.
  • Officials have already taken measures to counter the new competition,
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    This is an interesting example of what we discussed last class. I am really curious whether tariff would help to stimulate Saudi Arabia's local economy or will this lead to other poitical tensions between Saudi Arabia and the UAE.
cooperg2021

China's Pledge to Be Carbon Neutral by 2060: What It Means - 0 views

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    Under threats of tariffs from European countries who pledged to reach peak emissions in 2025, and a hope to prove itself as a global example and superpower, Xi Jinping has pledged to greatly decrease emissions and peak at 2030. Although he has no given specific details (as China may rely on coal to boost its economy after the virus), the next five-year plan will hopefully layout a more specific way that China will enact these necessary changes.
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