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EU to Put Tariffs on UK Goods If No-Deal Brexit While London Plans to Cut Duties
EU to Put Tariffs on UK Goods If No-Deal Brexit While London Plans to Cut Duties
Sputnik International
MOSCOW (Sputnik) - The European Union will introduce tariffs on UK exports and imports in case of a no-deal Brexit, the chief spokesman for the European... 13.03.2019, Sputnik International
2019-03-13T12:16+0000
2019-03-13T12:16+0000
2023-05-28T15:33+0000
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EU to Put Tariffs on UK Goods If No-Deal Brexit While London Plans to Cut Duties
12:16 GMT 13.03.2019 (Updated: 15:33 GMT 28.05.2023) MOSCOW (Sputnik) - The European Union will introduce tariffs on UK exports and imports in case of a no-deal Brexit, the chief spokesman for the European Commission said Wednesday, several hours after the UK government reportedly announced plans to cut tariffs on most of the imports in a no-deal scenario.
"We take note of the United Kingdom's plans for temporary tariffs in the case of no deal. We will carefully analyse the compliance of the UK plans with [World Trade Organisation] WTO law… In the event of no deal, the Union has already made clear that it will apply its normal third-country trade regime to all trade with the United Kingdom", Margaritis Schinas told a press conference.
READ MORE: The End of Brexit or Brexit till the End?
According to UK media reports, the UK government wants to lift duties off 87 percent of imports on a temporary basis in a bid to protect businesses and consumers from a sudden increase in costs.
The UK House of Commons is set to vote on a no-deal motion later on Wednesday after rejecting, a day earlier, the withdrawal deal agreed by the UK government and the European Union.