Andrew Heaton

May I enlighten people that might be unfamiliar with it?

So let's say I'm Scotland and you're France.

I, as Scotland, am very good at making sheep.

I'm not very good at making wine.

Scottish wine would presumably be very sweet.

You'd probably fry it.

It wouldn't be particularly good.

Meanwhile— Well, that could be great.

You know what?

Actually, we're going to call it Scottish prison wine.

I would try it.

Scottish prison—but they're probably not going to produce very much of it because it's not very good for making grapes, right?

But they're very good at making sheep.

Meanwhile, France, really good at making grapes.

large amount of grapes, very bad at making sheep comparatively, right?

They probably have some sheep.

If the Scots go, well, we want to protect our nascent wine industry, so we're going to put tariffs on the French wine industry, then France is going to respond by putting tariffs on wool coming in from Scotland.

The result is you're going to get more wine in Scotland, but you're going to get less wine overall in the equation.

You're going to get more sheep in France, but you're going to have less sheep overall.

Everybody gets less wine and less sheep.