On June 18, 1883, due to the impact of the economic crisis, the United States of America announced its withdrawal from the free trade system and the implementation of tariff barriers.

Without waiting for Britain and Austria to react and take action, on June 20, 1883, the French government also announced its withdrawal from the free trade system.

Affected by this, the free trade system that Britain and Austria worked hard to manage suddenly became in danger.

France is different from the United States. The latter has limited influence and even if it withdraws from the free trade system, it will have little impact, but France is different.

As one of the three major countries in the world, the impact of the French government's withdrawal from the circle is undoubtedly huge.

After receiving the news, the Vienna government was naturally furious and had only harvested less than half of the leeks. The leeks ran away so quickly, which was really...

Economic Secretary Reinhart Haldergen: "Affected by the withdrawal of the free trade system between the two countries, the Vienna stock market plummeted by 5.4%, and the London stock market plummeted by 7.3%.

Engaged in import and export trade industry has suffered the biggest impact, generally falling by more than 15%. Overnight, the Austrian stock market evaporated 310 million ASUS and the British stock market evaporated 520 million ASUS.

Financial fluctuations will inevitably affect the real industry. Things happened too suddenly and domestic companies were not prepared.

Many companies that have trade relations with the two countries are preparing to lay off employees and reduce production capacity to deal with the shocks.

France is our third largest trading country, with the total import and export trade volume in the first half of this year reaching 64.58 million. Affected by tariff barriers, this figure may decrease by two-fifths in the second half of the year.

The United States of America is our seventh largest trading country, with total trade volume in the first half of this year being 10.76 million ASUS, which may drop by one third in the second half of this year.

The withdrawal of the two countries from the free trade system has brought us little substantial impact, and the trouble is that it has caused market panic.

If other countries follow up, the panic will further amplify and may even induce stock market crashes again.

The Ministry of Economic Affairs recommends taking immediate countermeasures to deter other countries and avoid the collapse of the free trade system.”

With the establishment of the free trade system, the capitalist world economy is becoming more and more closely connected, and the world economy has become a whole body.

Trade protection is contagious. When everyone adopts trade barriers, the two major import and export powers of Britain and Austria will become the biggest victims.

Response is necessary, but how to respond becomes a problem.

Foreign Secretary Wesenberg: "This is a big trouble, but the British should be more anxious than us.

The United States and France withdrew from the free trade system, and their losses were at least three times that of ours.

In addition to raising tariffs against both countries, the Ministry of Foreign Affairs does not recommend taking too many measures. It is best to wait until the London government takes action before we follow up."

Are you cowardly?

The answer is no!

International politics is the most realistic, and it emphasizes equal benefits and efforts. You can’t just use the money from eating cabbage to fuck the heart of eating pork?

What's more important is that except for tit-for-tat hike, Austria really can't do anything to them.

After rubbing his forehead, Franz made a decision: "Stop the dumping strategy first, and if this continues, it will be angering for the public. If the French want trade protection, let them go!

International competition also has its pros and cons. It seems that the French economy has been hit, but in recent years, France's technological progress has been obvious to all.

If it continues, our technical first-hand advantage will be quickly smoothed out. If they want to close the door and play on their own, then they will help them.

The next task of the Ministry of Foreign Affairs is to isolate them politically and make them an alternative that is highly vigilant from European countries."

This is both self-comfort and a fact. In international competition, French companies are forced to start technological innovation in order to survive and have made breakthrough progress in many fields.

This is something that cannot happen in the era of trade barriers. It is difficult to generalize the pros and cons of it, but the French retreated from the circle, which is very helpful for promoting political isolation.

The country is similar to people. When everyone is in the same circle and you are alone outside the circle, you will naturally receive strange gazes from others.

If someone provokes for a while, they will be isolated or even hostile.

It’s easy to say if you don’t care about other people’s eyes. If you really do it, you will slowly discover that it seems like the whole world is against you.

...

London

As the biggest beneficiary of the free trade system and the biggest victim of the French's withdrawal from the circle, the British government naturally cannot ignore this kind of thing.

Economic Secretary Cornell Borches said with a gloomy face: "The actions of the French and the Americans have caused our newly recovered economy to be hit by another blow.

The most terrifying thing is that they have shaken the free trade system. If they do not find ways to eliminate the impact, more countries will withdraw due to interests in the future."

The United Kingdom was the first country to start free trade. In order to show sincerity to the outside world, for a long time, they unilaterally implemented free trade to the outside world.

Of course, that was built on the strong industrial system of Britain. Before Fa'ao completed industrialization, the total amount of British industry exceeded the sum of other countries in the world.

Even if trade is opened, everyone can only sell grain and industrial raw materials to them. As for industrial and commercial products, they cannot be sold here.

It seems to be fair competition, but in fact there is no competition at all. It can be said that before the Second Revolution, British industry and commerce did not have enough opponents in the world.

Foreign Minister George proposed: "We can pull Austria together to impose trade sanctions on France and the United States.

The free trade system collapses, and it is not only us who suffer the damage to interests, but also Austria. The Vienna government should not refuse."

Chancellor Akiji Childes shook his head: "Unless the Royal Navy can block all ports between France and the United States, I don't think the trade embargo has any substantial effect.

Of course, we can block their products from entering Britain. But changing to a product label is really not technically difficult and we can hardly recognize it.

I can guarantee that the result of the embargo will not be achieved except for the reduction in government fiscal revenue."

There is no way, the integrity of capitalists cannot stand the test. There is no way to supervise from the source. Just based on everyone's consciousness, you will know what the consequences will be.

"What is the reaction of the Vienna government?" Prime Minister Gladston asked

Foreign Minister George shrugged: "Their response is very negative. Apart from tit-for-tat raising import tariffs on both countries, the Austrians have no movement.

It seems that the Vienna government's energy is all focused on the great cause of destroying the Ottoman Empire, and it is not very interested in the withdrawal of the United States and France from the free trade system."

"Destroy the Ottomans" is another trouble. Without the Ottoman Empire's buffer, Britain's pressure in Persia will increase greatly in the future.

Upon hearing this bad news, Gladstone's brows frowned even tighter. After looking at the map, he said helplessly: "We need the Austrians to ensure the safety of Persia after restarting the UK-Australia negotiations.

As for the two unruly guys, the United States and France, they should write down the accounts first and then slowly settle with them if they have the chance.

The Ministry of Economic Affairs can formulate countermeasures beyond the embargo and cooperate with the Austrians when necessary.

The Ministry of Foreign Affairs continues to do a good job in stabilizing other countries, and we must ensure the stability of the free trade system."

Since the Ottoman Empire cannot be prevented from its demise, we can only settle for the second best and ensure the security of the Persian region first.

Not long ago, Britain and Austria had already discussed this issue, but because the interests were not reached, the issue was temporarily put on hold.

Now it cannot be delayed, and after the Ottoman Empire falls, negotiations will be even more unfavorable for Britain.

In contrast, the United States, which is still a little brat and the ambitious France are both secondary issues.
Chapter completed!