British Government Unveils New Tariff System if No-Deal Brexit Reached

  • Economics
British Government Unveils New Tariff System if No-Deal Brexit Reached

The British government announced on Wednesday that 87% of imports would be subject to a zero-tariff access if no Brexit deal is reached between the EU and the UK.

If applied, BBC reported, 82% of imports from the EU would become exempted from tariff, down from 100% now; 92% percent of imports from the rest of the world would pay no border duty, up from 56%.

Source: Kataeb.org