Taking into account possible customs duties and tariffs, as well as changes in duties and expected delays in the supply chain, BASF estimates €40m ($49m) to €60m per year in additional costs due to Brexit. The company said it would continue to invest in its UK operations but that there was a risk of “significant uncertainty” over future trade arrangements.
Taking into account possible customs duties and tariffs, as well as changes in duties and expected delays in the supply chain, BASF estimates €40m ($49m) to €60m per year in additional costs due to Brexit. While Britain would prefer to negotiate a deal that would allow high levels of access to the bloc's single market, the EU contends that's not possible without the free movement of workers and the adherence to judgments of the European Court of Justice.