BREXIT

[mtread]

Rubbish.We will trade on WTO rules that set maximum tariffs BUT allow any member to set any amount of low (including ZERO) tariffs.The EU tariffs I was referring to are not EU to EU ones because they do not exist I was Obviously referring the ones that you have conveniently ignored which is the rest of the world. Currently within the EU we HAVE to apply what is called The Common Customs Tariff to the rest of the world which varies depending on the goods involved - anything from 0-36%.Leaving on WTO rules means that we can set our own which can be zero if we chose.

If only it was as simple as that......
If you make your import tariffs very low or zero, other countries will flood you with cheap goods. This will wreck your home production and also other exporting countries will take retaliatory action. We're not just talking foodstuffs here. It's also not just about the duty rate. It's also about import caps, inward processing and most important of all exports.
This is why we have trade deals....