The plan states that 87% of imports would be tariff-free, but prices for goods like meat and cars are expected to sharply.
We would see a 10% rise in the cost of European cars and a substantial increase in the price of beef, chicken and pork from mainland Europe.
What is and isn’t included in the new tariff system?
Tariffs would apply to:
- Some dairy
- Finished vehicles
Products with zero tariffs would include:
- Arms and ammunition
- Wood products
What about Ireland?
Instead, there would be new checks away from the border to protect the biosecurity of Ireland. This will involve the setting up of a new designated entry point in Northern Ireland where animals and animal products from outside the EU would need certification and pre-notification before coming into the UK.
There would also be new import requirements on a limited set of goods such as endangered species and hazardous chemicals.
The government said that the new temporary import tariff schedule would not apply to goods crossing from Ireland to Northern Ireland. This means that farmers in Northern Ireland would be at a competitive disadvantage to farmers in Ireland.
A small positive impact