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

Shipping At The Port of Felixstowe Ltd. As U.K. Brings In Law May Shut Ports — Photographer: Chris Ratcliffe/Bloomberg

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By Joe Mayes

May 19, 2020 at 6:00 AM UTC

Updated on

May 19, 2020 at 3:47 PM UTC

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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.

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