UK May Cut Food Tariffs Under No-Deal Brexit

The U.K. could slash trade tariffs on up to 90 percent of goods in the case of a no-deal Brexit, including some agricultural products, according to sources familiar with the matter, reports Sky News. Beef, lamb, and dairy products would still be protected under the proposed plan.

However, the vast majority of tariffs, including those on many finished food products and some farm produce including cereals, will be eliminated entirely. The move is intended both to keep prices from increasing dramatically and to signal the U.K. will remain an open, liberal economy even after leaving the EU. Full Story

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