British Sports, MotoGP, and Trade

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In 2013, Andy Murray won a championship tennis match at Wimbledon and demonstrated that the British need be contended with at their own athletic events. He repeated in 2016.

While another tournament known as the US Open is just getting underway, tennis is not focal here. What is topical is the Grand Prix (GP) motorcycle race at Silverstone Circuit, United Kingdom, an important part of the MotoGP season. The only British rider who is relevant appears to be Cal Crutchlow.

Crutchlow’s “Second place in 2016 was the first podium finish in the premier class at Silverstone by a British rider since Ron Haslam finished third in the 500cc Grand Prix race in 1984,” per an Official Programme to the 2018 British Grand Prix.

Cal Crutchlow
According to the race’s official web site, Crutchlow, who has been having a decent year while evidently not finishing first, is slated in the 9th position out of 22 riders.

There is a video posted there of the rider who won pole position, Marc Marquez, of Spain. The fastest speed observed is about 190 mph. There is also some flicking, meaning leaning the motorcycle far over to opposite sides while moving through successive corners that turn in different directions.

It seems the odds are against Crutchlow here. However, one cannot rule out that he could perhaps earn a podium space while not winning outright. Either way, it is difficult to imagine him meaning as much to his countrymen as Mr. Murray does anytime soon.

Aside from races, and any comparisons to other sporting events, motorcycles themselves are interesting in light of international trade. The United States has protected its lynchpin company, Harley-Davidson (HOG), in the past when it was at risk of bankruptcy amid Japanese competition in the 1980s. However, since 2018 the European Union has taxed American motorcycles with engine sizes of 500 cc and above at rates up to 31%, presumably as response to our own restrictions against other products. As potential retaliation, the US published a list of items that can be subject to a 100% duty, and it includes motorcycles with engines that are 500 – 700cc and also parts and accessories (as well as wine and cheese).

Most economists are overwhelmingly in favor of free trade. Indeed, it is usually the same no matter what their political stripes are, whether liberal or conservative, democrat or republican.  In fact, their answers to our own difficulties are usually that they champion other civilizations and say we should trade with them. Despite the ongoing activities that may countervail their books and teachings, the US economy has shown growth and solid data pertaining to unemployment.

Thus, there are reasons that the ongoing GP can be fun. There is a chance for Cal Crutchlow to earn a place for the British on their home turf. Concurrently, tariffs and retaliation may be embarrassing to some, if not most, economists.

The above probably needs editing, but is being posted ahead of the GP race scheduled several hours from now.

5-16-2021 according to this story, there may be a 56% tariff imposed on Harley-Davidson motorcycles in Europe.

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