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US president threatens Europe with new tariffs ‘soon’, ... urging the EU to purchase more American oil and gas to ease the gap. ... A full EU-UK customs union could be reached “at the latest ...
In the UK and Europe the FTSE 100 and the Stoxx 600 indexes also tumbled. ... The US is reliant on both Canada and Mexico for crude-oil imports, and the tariffs are seen raising the price of those ...
The Conservatives have voiced anger at reports of a potential new deal on UK-EU trade, with shadow foreign secretary Dame Priti Patel telling MPs that the government was "bending the knee to the EU".
A Canadian-style trade deal offers the UK a reduction on most custom tariffs between the EU and the UK, but without eliminating VAT, customs and phytosanitary checks. [2] The arrangements for its dominant financial services sector are of particular importance to the UK.
According to summaries of the agreement published by the European Commission and the UK government, the agreement provides for the following or has the following effects on the EU–UK relationship compared to when the UK was an EU member state. For Northern Ireland other arrangements may be in place through the Ireland/Northern Ireland Protocol.
EU tariffs (which ones are dependent on a UK–EU trade agreement), collected by the UK on behalf of the EU, would be levied on the goods going from Great Britain to Northern Ireland that would be "at risk" of then being transported into and sold in the Republic of Ireland; if they ultimately are not, then firms in Northern Ireland could claim ...
But despite the threat of tariffs from the US, the think tank urged the Government to focus on easing trade with the EU given 47% of UK goods exports are sold in the bloc, while also pursuing ...
President-elect Trump on Friday threatened tariffs in the European Union (EU) unless the bloc purchases large quantities of American oil and gas to make up for its growing deficit with the U.S.