Insight: UK's 'no-deal' import tariff cuts add to confusion

摘要

The UK government's publication Wednesday of a list of zeroed or reduced import tariffsfor steel and metals in the case of a no-deal Brexit -- a bid to soften the blow of a no-dealscenario -- gained negative or little reaction from the UK automotive and steel sectors, anda guarded reaction from European aluminum. More than anything, the list -- designed to be valid for a year and only in the case of a nodealBrexit -- has heightened confusion in sectors already grappling with manyuncertainties about how and when the UK will leave the European Union.According to the list, tariffs on imports of base metals, excluding aluminum, will bereduced to 0% from 1.8%. Aluminum will be cut from 6.3% to 0%, with steel and irondropping from 0.8% to 0%.