Quote:
Originally Posted by nomadking
The thing about tariffs is the the WTO rules only specify a maximum and that whatever it is should be the same for everybody. We could set a zero tariff for product type X, as long as we do that for the whole world outside of any existing tariff arrangements with other countries.
Eg we could have zero or low tariffs on New Zealand lamb, as long as lamb from any other country also has the same tariffs applied.
Eg Japan has zero tariffs on sheep meat imports.
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If we try and export lamb to the EU with no deal, it will face a 48% tax. Sheep-farming will surely be wiped out by no-deal, won't it?
Quote:
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Sheep farmers are staring down the barrel of crippling 48% No Deal tariffs on British lamb ‘that will kill the industry’
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https://www.dailymail.co.uk/news/art...-industry.html