UK plans to slash up to 90% of tariffs if there is no-deal Brexit

[Yorkie62]

UK plans to slash up to 90% of tariffs if there is no-deal Brexit

[AtW]

How’s that going to help getting stuff via Dover?

[Paddy]

UK plans to slash up to 90% of tariffs if there is no-deal Brexit

So how much reduction is 90% off zero?

The EU 27 + the 48 poorest countries + Japan etc etc are currently on zero tariffs

[meridian]

The story is a bit odd. Its not clear whether they mean 90% of the tariff schedule lines, or 90% of things we don’t make here, etc.

Business reps such as the IOD are mostly concerned that it’s being done in secret, with no consultations. Doesn’t bode well if it’s Gove and the disgraced former defence secretary Fox that are setting the rates.

Once the dust has settled, it’ll be interesting to see what the trade wonks make of it. Cut too much, and we have nothing left to offer anyone for FTAs (it goes without saying that although we might be considering dropping our tariffs, to other countries we’ll be on their third-country MFN rates).

[Old Greg]

UK plans to slash up to 90% of tariffs if there is no-deal Brexit

Guess how the UK funds its contribution to the EU and then guess what that means for the Brexit government expenditure dividend.

[BlasterBates]

Unilaterally removing almost all tariffs will really strengthen the UK's negotiating position in future trade deals.

[WTFH]

Unilaterally removing almost all tariffs will really strengthen the UK's negotiating position in future trade deals.

Yes, but if we start importing cheap food from abroad, that will put the UK farmers out of business, so no need to support them, they can then sell their land to property developers who can put up loads of houses, which can be sold to investors, thus keeping the economy flying.

[Old Greg]

Unilaterally removing almost all tariffs will really strengthen the UK's negotiating position in future trade deals.

Not all barriers are tariffs. The British ruling class will still be able to negotiate with the U.S. to allow in poor quality food which poor people will eat. This will reduce the minimum subsistence cost of living which in turn opens up the potential to push down subsistence level pay and benefits.

[Brussels Slumdog]

Normally exports are tarrif free and imports have tarrifs.
You don't normally penalise companies exporting. The EU are not going to charge themselves a duty to export to the UK but they most likely will charge a duty on UK exports to protect their economy.
Some countries like Argentina add a duty to meat so that their farmers dont export all the meat.


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[Paddy]

Normally exports are tarrif free and imports have tarrifs.
You don't normally penalise companies exporting. The EU are not going to charge themselves a duty to export to the UK but they most likely will charge a duty on UK exports to protect their economy.
Some countries like Argentina add a duty to meat so that their farmers dont export all the meat.

[/URL]

Pre single market the UK had intervention tariffs for exports (of which I had to pay when going from Dover to Calais in my over-loaded Range Rover packed with goodies)

Intervention tariffs will have be charged after Brexit on all goods that receive a UK government subsidy eg. farm produce and maybe fish.