- UK announces temporary cuts to import tariffs and temporary moves to avoid hard border between Ireland and Northern Irish in event of a no-deal Brexit
Market news
13 March 2019
UK announces temporary cuts to import tariffs and temporary moves to avoid hard border between Ireland and Northern Irish in event of a no-deal Brexit
The UK says that up to 87% of total imports are to be tariff-free as compared to the current 80%, should a no-deal Brexit materialise. However, the UK will keep a number of tariffs such as those on finished vehicles and on goods such as bananas, raw cane sugar, and some fish to avoid a hit to developing countries with preferential trade deals.
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