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Tariffs and customs

15 December 2017

Tariffs and customs

Will Brexit lead to new tariff and customs barriers?

Talks yet to begin: Tariff free trade is in the interests of both parties and remains the most likely outcome, but plenty of scope for disagreement remains. Even with no tariffs, a UK outside the Customs Union and Single Market would necessitate customs and regulatory checks between jurisdictions. UK commitments to avoid a hard border on the island of Ireland may limit UK options and are likely to have a bearing on the final outcome.