EU MFN sounds like it will cost us a bit.
unctad.org | The trade cost of a no-deal Brexit to the United Kingdom
"As of 2018, UK merchandise exports were valued at approximately USD $450 billion. The EU is the UK’s most significant trading partner and accounts for approximately half of UK’s merchandise exports. Our calculations indicate that a loss of preferences in the EU market consequent to a no-deal Brexit will result in UK export losses of at least USD$16 billion (representing a loss of approximately 7 percent of overall UK exports to the EU). This is a conservative estimate that only takes into account the increase in tariffs from zero to current EU MFN levels. In reality, the losses would be much greater because of non-tariff measures, border controls and disruption of existing UK-EU production networks."
unctad.org | The trade cost of a no-deal Brexit to the United Kingdom
"As of 2018, UK merchandise exports were valued at approximately USD $450 billion. The EU is the UK’s most significant trading partner and accounts for approximately half of UK’s merchandise exports. Our calculations indicate that a loss of preferences in the EU market consequent to a no-deal Brexit will result in UK export losses of at least USD$16 billion (representing a loss of approximately 7 percent of overall UK exports to the EU). This is a conservative estimate that only takes into account the increase in tariffs from zero to current EU MFN levels. In reality, the losses would be much greater because of non-tariff measures, border controls and disruption of existing UK-EU production networks."
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