UK to use high tariff threat to raise pressure in trade negotiations: The Times

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UK to use high tariff threat to raise pressure in trade negotiations: The Times
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British Prime Minister Boris Johnson is mulling to use the threat of high tariff...

FILE PHOTO: Britain's Prime Minister Boris Johnson leaves Downing Street in London, Britain, January 22, 2020. REUTERS/Toby Melville

Johnson and his cabinet ministers discussed using tariffs as “leverage” in an effort to accelerate trade talks at a meeting this week which could result in taxes of 30% on some types of French cheese and 10% on German cars, the newspaper reported. Ministers also agreed to prioritize Japan, U.S., Australia and New Zealand as “tier one” countries in negotiations and other countries as “tier two”, the newspaper added.

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