Economics
Europe Trade Czar Warns of ‘Tariffs on Day 1’ After Hard Brexit
- In Bloomberg interview she says some EU states not prepared
- Hard Brexit would lead to EU tariffs on UK goods from day one
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The European Union’s top trade official warned that the U.K.’s impending exit from the bloc risks being “chaotic’’ with some of the EU’s other member states still not prepared for the practical realities of a no-deal Brexit that may be just three weeks away.
In an interview with Bloomberg News, Cecilia Malmstrom, the EU’s trade commissioner, expressed frustration with the continuing domestic political uncertainty in the U.K. over Brexit where even a last-ditch deal negotiated with the EU would still have to face a parliamentary vote. “It has been a quite turbulent process,’’ she said.