UK's post-Brexit tariff plan shows need for free trade deals - UK car body
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LONDON (Reuters) - Britain's post-Brexit tariff plan, which maintains the EU's 10% levy on car imports, shows the need for the country to secure free trade arrangements with major economies, an automotive industry body said on Tuesday. The World Trade Organization allows nations to implement tariffs of up to 10% on cars brought in from abroad but many countries reduce or eliminate them through free trade deals, such as a pact struck between the European Union and Japan."Today’s announcement..