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UK announces new Brexit tariff regime: keeps tariffs on cars and agricultural products
The United Kingdom on Tuesday announced a new post-Brexit tariff regime to replace the European Union’s external tariff, maintaining a 10% tariff on cars and levies on agricultural products such as lamb, beef, and poultry. The British government said the new regime, known as UK Global Tariff (UKGT), would be simpler and cheaper than the EU’s Common External Tariff (EU CET). “Our new Global Tariff will benefit UK consumers and households by cutting red tape and reducing the cost of thousands of everyday products,” International Trade Secretary Liz Truss said. Under the new regime tariffs would be eliminated on ... (full story)
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