How a ‘Customs Union’ Could Define Post-Brexit Trade
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Prime Minister Theresa May’s proposed Brexit deal with the European Union raises the prospect of the U.K. being in some form of a customs union with the bloc, perhaps indefinitely. Such an arrangement would keep goods in European supply chains moving tariff-free in and out of the U.K., averting some of the most destabilizing disruptions to business and borders. But it would also risk undercutting some of the key aims of Brexit, making the deal a hard sell for some pro-Brexit British politicians.