UK Department for International Trade announce an update to the “temporary tariff regime” today, in response to feedback from industry and consumer groups. Under the regime, 88% of total imports to the UK by value would be eligible for tariff free access, in case of no-deal Brexit. The revised plan applies tariffs to additional clothing products and adjusts levies on bioethanol to retain support for UK producers of the fuel.
Trade Policy Minister Conor Burns said,”the UK is a free trading nation and British business is in a strong position to compete in an open, free-trading environment,” Trade Policy Minister Conor Burns said.
