The UK government has announced that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.

Under a temporary scheme 87% of imports by value would be eligible for zero-tariff access.

At the moment 80% of imports are tariff free including hoist and winches machinery.

Trade Policy Minister George Hollingbery said: “Our priority is securing a deal with the EU as this will avoid disruption to our global trading relationships. However we must prepare for all eventualities.”

He said the government’s plan “represents a modest liberalisation of tariffs”.

“This balanced approach will help to support British jobs and avoid potential price spikes that would hit the poorest households the hardest,” he said.

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From the Tariff Reference Document:

Machinery and machinery parts under the category 8425 “Pulley tackle and hoists other than skip hoists; winches and capstans; jacks” will be tariff-free (0%) under a no-deal scenario. Exports to other countries, including the EU, may be subject to their respective WTO import tariffs.

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[BBC – original article]

[UK Gov/Tariff News Story – original article]

[UK Gov- Tariff Reference Document]

[WTO – Tariff Check]

[Pictures – UK Gov/Tariff Reference Document]