Britain says 88% of imports to face no tariffs in event of no-deal Brexit

Britain on Tuesday revised the tariff regime that would come into force if it leaves the European Union without a deal, making 88% of total imports by value eligible for levy free access.

Seeking to balance the need to keep consumer prices down without destroying domestic producers, Britain also said under a new “exceptional review process” it could make changes to the regime from day one if needed.

Read more at Reuters.