The UK government is introducing a temporary tariff system for lorries, bioethanol and clothing in an effort to keep prices down following Brexit, the Department for International Trade has announced. The Department for International Trade highlights that the tariff on honey from New Zealand will fall from 17% to zero and The tariffs are believed to be 10% on lorries; between 8% and 10% on clothing, except from developing nations; and the bioethanol tariff will be changed so as to apply to a smaller range of fuels. A spokesman said: “The EU Withdrawal Bill gives us new powers over trade policy post-Brexit – including tariffs.
The UK government is introducing a temporary tariff system for lorries, bioethanol and clothing in an effort to keep prices down following Brexit, the Department for International Trade has announced. The tariffs are believed to be 10% on lorries; between 8% and 10% on clothing, except from developing nations; and the bioethanol tariff will be changed so as to apply to a smaller range of fuels. A spokesman said: “The EU Withdrawal Bill gives us new powers over trade policy post-Brexit – including tariffs.