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Montevideo, July 14th 2024 - 06:46 UTC

Tag: tariffs cut

  • Wednesday, March 6th 2019 - 08:06 UTC

    UK considering massive tariffs cut in the event of a no-deal Brexit

    Many supporters of Brexit argue that tariffs on food and other items should be scrapped in order to lower prices for consumers

    The UK government may cut trade tariffs on between 80% and 90% of goods in the event of a no-deal Brexit, reports say. Some tariffs would be scrapped completely, including those on car parts, and some agricultural produce. However, 10-20% of key products would continue to be protected by the current level of tariffs, including some textiles, cars, beef, lamb and dairy.