LONDON (Reuters) – The United Kingdom announced a new post-Brexit tariff routine on Tuesday to give it take advantage of in trade talks, preserving the European Union’s 10%task on automobiles but cutting levies on tens of billions of dollars of supply chain imports.
The brand-new tariff regime, which would come into impact from January 2021, aims to simplify what some UK authorities call an extremely complicated EU system and assist Britain work out trade handle the United States, the Brussels-based bloc and others.
However it will imply that if Britain and the EU stop working to reach a free trade offer by the end of the year, the rate of some food, vehicles and some chemical inputs imported from the bloc would increase greatly.
Britain said the regime wo