UK Govt announces temporary cuts to import tariffs if no-deal Brexit

Bloomberg reports the latest Brexit headlines, citing that the UK government announced temporary cuts to the import tariffs on agriculture and cars in the case of a no-deal Brexit.

Key Details:

87% of imports by value will be tariff-free.

Tariffs and quotas on beef, lamb, pork, poultry and some dairy to support farmers.

Finished vehicles but not car parts.