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 tariffs for steel and metals in the case of a no-deal Brexit — a bid to soften the blow of a no-deal scenario — gained negative or little reaction from the UK automotive and steel sectors, and a guarded reaction from European aluminum.More than anything, the list — designed to be valid for a year and only in the case of a no-deal Brexit — has heightened confusion in sectors already grappling with many uncertainties about how and when the UK will leave the European Union. According to the list, tariffs on imports of base metals, excluding aluminum, will be reduced to 0% from 1.8%. Aluminum will be cut from 6.3% to 0%, with steel and iron dropping from 0.8% to 0%.