UK Brexit Minister Lord Frost argued that Northern Ireland’s post-Brexit trade deal deals are simply not working and demanded that large parts of the mechanism be overhauled or completely destroyed. The European Union categorically rejected this proposal, instead offering the UK a set of proposals which ultimately fell far short of their demands. The repeated failure of negotiations has led Lord Frost to threaten the triggering of Article 16 of the protocol – which could see the deal completely torn apart.
However, the EU has warned that it will retaliate with vengeance if such a move is made, raising fears that a potentially destructive trade war is imminent.
Political experts have argued that the EU will be able to absorb any trade war more effectively than the UK, due to its size and ability to source UK-sourced alternative products from within the UK. block, at a cost that will be much lower than what the UK is trying to achieve. similar.
On the other hand, the fact that the UK is outside the EU could work against it here, as several EU member states have negligible trade with Britain.
But Alistair Jones, associate professor of politics at De Montfort University in Leicester, has sent the UK a huge warning if it does indeed decide to invoke Article 16 of the Northern Ireland Protocol.
Commenting on a possible trade war, he told Express.co.uk: âThe potential problem is bigger than that.
“If the UK chooses a trade war with the EU over the Northern Ireland Protocol, for example, the rest of the world will see the UK government back down on a treaty deal.
âIt will undermine confidence in the UK government around the world – especially as the UK has repeatedly failed to properly implement the NI Protocol.
“If there are reasons the EU is wrong (fishing license), there may be some degree of sympathy for the UK outside the EU, but that won’t help in a war commercial.
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Professor Grant told Express.co.uk: âThe EU could take action, including imposing tariffs on UK exports, increasing border controls and cutting off electricity and gas supplies.
âBritain could be hit hard.
âThe auto industry would be hit the hardest. It would exacerbate the post-Brexit problems the economy is already experiencing.
“It is true that some Member States have limited trade with the UK and goods produced in the UK could be produced elsewhere.
âThe UK could impose retaliatory tariffs on EU exports, but that would increase the risk of ending the entire trade deal.
“A trade war should be avoided whenever possible.”