The Government has this morning (19 May) announced the UK’s new MFN tariff regime, the UK Global Tariff (UKGT). This will replace the EU’s Common External Tariff on 1 January 2021 at the end of the Transition Period.
This tariff will be applied in trade with the European Union in the absence of a Free Trade Agreement (FTA) signed in time between UK and EU.
Joe Mayes from Bloombergs writes: ”It looks like a slight walk-back from the temporary no-deal tariff schedule published last year, which would’ve made 87% of UK imports tariff-free. This proposal makes 60% tariff-free”.
You find the information here: UK Global Tariff backs UK businesses and consumers