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Non-EU tariffs to soar under no-deal Brexit

UK retailers will face higher tariffs and potential custom barriers from non-EU countries in the event of a no-deal Brexit, the British Retail Consortium has warned.

Using import data from 35% of UK retailers the new report, The Bilateral Trade Deals That Matter to Consumers, concluded that the tariff on clothing from both Turkey and Tunisia could rise from zero to 12% in the event of a no deal.

This is because the UK would no longer be covered by EU trade deals negotiated with countries outside the bloc.

Andrew Opie, director of food and sustainability at the British Retail Consortium, said:

“While securing a deal with the EU to enable tariff-free trade to continue remains the priority, the deals the EU has negotiated with countries around the world also contribute to the choice and affordability of goods that UK shoppers purchase every day.

“People need reassurance from government that these deals will be transferred in time to ensure that UK consumers don’t lose out.”

 

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