Quote:
Originally Posted by Truenorth00
I'm really not sure what we would have gained by cutting a deal earlier. I'm not even sure what the UK has to offer us on trade. Other than agricultural products, what exactly are we looking to export there? Seems to me they benefit a lot more from a real than we would, if agriculture isn't included. Is there some sector in Canada that really needs a deal with the UK to substantially open up exports?
The reactions are mostly focused around domestic politics. And while that's understandable, I have not seen a cogent explanation on why we need this deal. Beyond some vague appeal to CANZUK.
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We ship a lot of metal to the UK (over $9bn worth in 2022), but there are no tariffs on that. One of their biggest exports to us is vehicles, and those could face tariffs after April, without a deal.
Our current agricultural exports are about $695m, of which $306m are cereals. There's also $241 of wood. The full list is
here.
The UK sends us less - just over $300m of agricultural products, but also $277m of beverages. (They send us $33.35m of 'miscellaneous edible preparations'. I'm guessing that's Marmite).
List here.
I guess if we end up in a trade war we stop sending them gold, uranium, cereals and maple syrup, and they hold back the Bentleys, McLarens and Jaguars, Scotch, and Marmite.