Brussels is to be warned that EU exports to the UK will face tariffs unless a free trade deal is agreed by the end of this year. The EU has warned that there is not enough time to agree a comprehensive free trade deal by the end of the year, and suggested that the Brexit transition period should be extended. This could mean tariffs on goods such as German cars, French cheese and Italian wines. And Downing Street also said the UK would not accept any oversight from the European Court of Justice, which Brussels wants to police the final trade deal. France is seeking a 25-year guarantee for trawlers, and Brussels has suggested it will limit EU access for the UK’s lucrative financial services sector unless the Government caves in to its demands.

Source: Daily Mail February 01, 2020 02:04 UTC