Remember the good old days when we had an EU-inherited trade deal with Canada? This is no 1st April joke.
Quote:
UK car exports to Canada face 6% tariffs within days as trade dispute deepens
Allies in stand-off on how much EU content can be in vehicles as post-Brexit deal runs out
British car exports to Canada are facing tariffs of more than 6 per cent within days, as a deadlocked trade dispute between the two allies descended into further acrimony on Wednesday.
British government officials said Kemi Badenoch, UK trade secretary, felt like she was banging her head “against a brick wall” as the tariff cliff-edge of April 1 approached.
Tensions escalated last month when Canada denied Badenoch’s claim that trade talks were continuing, even though she had unilaterally suspended them on January 25.
The resulting stand-off means that on April 1 a post-Brexit trade arrangement with Canada will expire, leaving some British car exports facing a 6.1 per cent tariff if they contain significant EU content.
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https://www.ft.com/content/51f6afd3-...1-354e089d3081