The United Kingdom announced that it will replace the European Union’s external tariff as part of its post-Brexit tariff regime, said Global News. On the vehicle front, it will maintain a 10 per cent levy on cars but cut tariffs on “tens of billions of dollars” of supply chain imports. “Our new Global Tariff will benefit U.K. consumers and households by cutting red tape and reducing the cost of thousands of everyday products,” said Liz Truss, International Trade Secretary. (Source:Global News) Read the original story…
