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A comment on Skirting U.S. sanctions, Europeans launch trade mechanism for Iran. Parent comment

Re:Skirting U.S. sanctions, Europeans launch trade mechanism... by arethuza on Thursday January 31, 2019 @08:14AM (#19044442)
Top exports from the UK to the US, in order, appear to be: cars, pharmaceuticals and mechanical power generators, works of art and refined oil:

https://www.bbc.co.uk/news/business-44802666

Interestingly, the UK exports rather a lot more to the US than it imports from there.

Edit: What is worrying is that investment in UK car building has drammetically reduced

https://www.autocar.co.uk/car-news/industry/uk-car-manufactu...

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Re:Skirting U.S. sanctions, Europeans launch trade mechanism... by rusk on Thursday January 31, 2019 @08:27AM (#19044520)
> mechanical power generators

Well I never ... I wouldn't have thought that would be something the US would need to import ...

> works of art

Doesn't this refer to a lot of the branding work done by the likes of Starbucks, Amazon etc. which then get written off against tax or something (hence value is quite inflated).

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Re:Skirting U.S. sanctions, Europeans launch trade mechanism... by arethuza on Thursday January 31, 2019 @08:31AM (#19044541)
I don't think the UK would be exporting Starbucks or Amazon branding?
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Re:Skirting U.S. sanctions, Europeans launch trade mechanism... by rusk on Thursday January 31, 2019 @08:31AM (#19044547)
They totally would. It's a tax thing. IP transfer happens between national operating units all the time for just this reason.
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Re:Skirting U.S. sanctions, Europeans launch trade mechanism... by arethuza on Thursday January 31, 2019 @08:38AM (#19044585)
Yes, transfer pricing - but that's how the parent companies would move profits from the UK to elsewhere by licensing their IP to their legal entities in the UK.

Of course, it might be UK brands licensing their IP?

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