Economics

U.K. Post-Brexit Trade Plan Cuts Tariffs, Highlights EU Risk

  • New tariff schedule to begin when U.K. fully leaves the bloc
  • Tariffs to be cut on 30 billion pounds of supply chain goods
Photographer: Chris Ratcliffe/Bloomberg
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The U.K. announced its post-Brexit tariffs regime, cutting import duties on many products while protecting industries such as automotive and agriculture, as the country turns its focus toward global trade beyond Europe.