The Brexit boost: Government to axe tariffs on 60 per cent of global imports next year
Author: admintech | Filed under: WorldThe Government has said it will eliminate tariffs on 60 per cent of global imports, including white goods and Christmas trees, after the end of the Brexit transition period on Dec 31. A new UK tariff will replace the EU-wide tariff, which is set for the bloc as a whole, from Jan 1 2021. The announcement is a signal to the EU that the transition period will not be extended, despite trade negotiations being deadlocked and slowed by coronavirus. Zero tariffs will be introduced on dishwashers, freezers, tampons, paints, screwdrivers, mirrors, scissors and shears, padlocks, some cooking products like yeast and bay leaves and Christmas trees. The EU had tariffs ranging from 2.7 per cent to 8 per cent for such products. Tariffs are being maintained in the automatic, agricultural and fishing sector to protect domestic industry from foreign competition, as well as on lamb, beef, and poultry and on cars and the vast majority of ceramics. A zero tariff will be introduced on products used in UK production, such as screws and bolts and copper tubes.