If needed, Britain’s external tariff regime would be ‘quite formidable’, says PM Johnson By Reuters

If needed, Britain's external tariff regime would be 'quite formidable',

© Reuters. Britain’s Prime Minister Boris Johnson speaks during the weekly question time debate in Parliament in London

LONDON (Reuters) – Prime Minister Boris Johnson said on Wednesday if Britain were to set an external tariff regime with the European Union, it would be “quite formidable” for some of the bloc’s products.

Johnson said he did not expect the two sides to put in place tariff barriers and again defended his move to press on with legislation that would breach the divorce deal with the EU as “belt and braces protection against extreme interpretations of the (Northern Ireland) protocol”.

“Our external tariff regime, were it to come in, would be quite formidable for some of their products and I think that’s even more reason why everybody should want to agree a zero tariff, zero quota arrangement,” he told a parliamentary committee.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.