Quote:
Originally Posted by pip08456
On what do you base this assumption?
Under WHO rules if WE don't impose tariffs on any EU goods without a deal, which is our perogative, then any other imports will also be free of tariff.
This doesn't mean we have to import from any other Country, just that if we do it must be on the same basis until a deal is made. A deal doesn't have to be with the EU either.
In essence, there won't be any empty supermarket shelves, oh and rice will come down in price as there will no longer an EU imposed tariff on it.
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So we will lose the ability to negotiate meaningful trade deals with anyone - nobody can compete with the EU if they flood the UK with tariff free goods/services on our doorstep.
Even our own companies will be harmed from this as their exports will be hit by tariffs in the EU side, so we won’t be competing on a level playing field.
We will also lose the benefit of tax revenue from tariffs.