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UK Firms Blast No-Deal Brexit Tariffs as Too Risky, Too Late

Posted March 13, 2019

Under Economic Issues, International Trade Issues


(Joe Mayes & Ellen Milligan – Bloomberg)

Britain’s plan for tariffs under a no-deal Brexit was decried as too little, too late by business groups, who say it doesn’t go far enough to protect sensitive industries and poses a danger to some manufacturers.

Under the temporary regime announced Wednesday, the U.K. would avoid slapping tariffs on most imported goods, though prices of key European Union products including beef, cheese and cars would rise. The government says it sought to strike a balance between avoiding a spike in prices for consumers and shielding industry.

“It feels like a sick joke,” said Laura Cohen, chief executive officer of the British Ceramic Confederation, adding that the number of levies on imports of different ceramic products would be cut to six from 50. “It’s as if government is goading manufacturers to see if they can survive.” Click here to read more.

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