The “temporary tariff regime” not used
New consultations aim to
● simplify and tailor tariffs
● remove tariffs on key inputs to production
● remove tariffs where the UK has no or limited production
H/T @Brigid_Fowler
1/4
parliament.uk/business/publi…
![Screenshot of the linked announcement](https://pbs.twimg.com/media/EQFl2YYXsAESi-6.png)
1. These are “applied” tariffs. If they are below the “bound” levels the UK has committed in the WTO (now via EU28, after the transition via the UK’s own commitments), they are fully legal, no need for negotiations in the WTO.
2/4
tradebetablog.wordpress.com/2018/07/28/a-r…
3/4
tradebetablog.wordpress.com/2016/08/18/eu-…
It presumably applies to the main tariffs on trade with the rest-of-the-world too. One key issue is identifying “sensitive”
4/4
parliament.uk/business/publi…
![Screenshot of linked text, part 1 of 1](https://pbs.twimg.com/media/EQFl3AiWkAYN_FE.png)
![Screenshot of linked text, part 2 of 2](https://pbs.twimg.com/media/EQFl3AcWoAIPLrh.png)
All countries do the latter. None is a “bulwark against protectionism”.