- Unilaterally dropping tariffs won't make up for the economic hit of Brexit, and probably won't lead to a fall in consumer prices:
ifs.org.uk/uploads/public…
If, for example, India sells 10 sheep to the EU one year, then sells 100 the year after, India would have seen a 900% increase in exports.
If the UK sells 10,000 sheep to the EU, and next year sells 11,000, the UK would have seen a 10% increase