Britain's government should urgently unveil its plans for tariffs in the ca...
LONDON - Britain’s government should urgently unveil its plans for tariffs in the case of a no-deal Brexit, lawmakers said on Wednesday after media reports that levies could be slashed for up to 90 percent of imports.
However, with the details not finalised, Fox said there was no agreement on whether to tell parliament before it must decide on March 12 whether to accept an unpopular exit agreement negotiated with the EU by Prime Minister Theresa May. Britain currently has tariff-free access to EU markets, and benefits from EU trade deals with other countries. But its exports will automatically face EU tariffs if it crashes out of the bloc without transition arrangements.Businesses want to know if Britain, the world’s fifth-largest economy, will slap reciprocal tariffs on imports from the EU. If not, tariffs would have to be lifted on imports from most other countries under World Trade Organization rules.
“Either you are making things more expensive that previously came in tariff-free from the EU, or, in some cases ... undermine the industry,” Clark said, giving ceramics as an example of where he thought there was unfair competition from China. Clark said lawmakers would only be told about proposed tariffs if a majority vote next week in favor of leaving the EU without a deal - which analysts see as unlikely. Fox said he would prefer to inform lawmakers before such a vote.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
France's Macron says Britain would have to justify delaying BrexitFrench President Emmanuel Macron said on Wednesday that the European Union would...
Lire la suite »
France's Macron says Britain would have to justify delaying BrexitFrench President Emmanuel Macron said on Wednesday that the European Union would...
Lire la suite »
Brexit extension could draw legal challenge: German parliament reportBritain could face an EU legal challenge if it seeks to delay Brexit because of ...
Lire la suite »
After a no-deal Brexit, should Britain abolish all tariffs?Embracing unilateral free trade would lower consumer prices by only 1%, according to a paper from Sussex University
Lire la suite »
UK Brexit secretary: No consensus in parliament on second referendumBritish Brexit secretary Stephen Barclay said on Thursday there was no consensus...
Lire la suite »
EU migration to UK lowest since 2009 as Brexit approachesNet migration to Britain from the European Union fell to its lowest level since ...
Lire la suite »
May gains two weeks' Brexit reprieve from MPsPrime Minister Theresa May won a two week reprieve on Wednesday from British MPs...
Lire la suite »
EU-UK Brexit talks failed to reach deal on Tuesday: sourcesTalks between European Union and British Brexit negotiators ended after more tha...
Lire la suite »
As many as 70 UK opposition Labour lawmakers oppose second Brexit referendum: lawmakerAs many as 70 of Britain's opposition Labour lawmakers oppose holding a sec...
Lire la suite »
Investors Brace for Brexit (and Not Just in the U.K.)For investors, it is time to 'control the controllable' as the U.K.'s date for leaving the European Union looms
Lire la suite »
Brexit supporters give UK PM May three tests for EU deal: Sunday TimesBrexit-supporting lawmakers who voted down British Prime Minister Theresa May&0...
Lire la suite »