EU-UK trade could face tariffs

The EU is the UK’s biggest trading partner, taking 44% of all British exports and supplying 53% of its imports. Under World Trade Organization rules Britain and the EU will face billions of euros in tariffs

% Possible tariffs* (% under WTO Most Favoured Nation option)

UK exports to EU (2016)  UK imports from EU

*Tariffs imposed on imports from members of WTO unless country is part of preferential trade agreement
such as EU free trade area or customs union

Motor vehicles
€17,146m 10%  €43,085m

Pharmaceuticals†
€14,251m 0%  €25,628m

Aerospace
€25,628m 3% €6,417m

Plastics
€4,295m 7%  €5,714m

Meat
€1,783m 9% €5,881m

Dairy products
€1,126m 36%  €3,016m

Cereals
€396m 16% €802m

†Most OECD members impose “zero-for-zero” tariffs on pharmaceutical products

Sources: ACEA, ADS, British Plastics Federatiom, NFU, ONS, WTO