UK lawmakers demand clarity on tariffs in case of no-deal Brexit [View all]
Source: Reuters
Business News
March 6, 2019 / 2:36 AM / Updated 9 minutes ago
David Milliken, Kylie MacLellan
LONDON (Reuters) - Britain’s government should urgently unveil its plans for tariffs in the case of a no-deal Brexit, lawmakers said on Wednesday after media reports that levies could be slashed for up to 90 percent of imports.
Trade minister Liam Fox told lawmakers earlier in the day that senior ministers had reached a “basic agreement” on the extent to which it would impose reciprocal tariffs on European Union goods if it leaves the bloc without a deal on March 29.
Tariffs would push up costs for consumers, but without them some British farms and factories could struggle to compete.
However, with the details not finalised, Fox said there was no agreement on whether to tell parliament before it must decide on March 12 whether to accept an unpopular exit agreement negotiated with the EU by Prime Minister Theresa May.
Read more: https://www.reuters.com/article/us-britain-eu-tariffs/uk-lawmakers-demand-clarity-on-tariffs-in-case-of-no-deal-brexit-idUSKCN1QN0P0?il=0
After reading this article, I just kept thinking of what the "guy" in the white house is doing, basically the same "clusterfuck" thing he has in his bankrupt head, and that May and her supporters are going to do in the United Kingdom, it's like mirror imagine of plain stupidity.......................absolutely amazing
= new reply since forum marked as read
