- Berthold Busch ·
- IW-Trends ·
- 25 July 2017
The Network of Production and Supply Links between British Industries, the EU and Germany
If the British government has its way, when the United Kingdom (UK) withdraws from the European Union (EU), it will also leave the internal market and the customs union. This means that trade between the two economic areas will in future be hobbled by non-tariff trade barriers and, if the worst comes to the worst, by actual tariffs. This may not only mean additional costs for the ultimate consumers, but also affect those companies in the UK and the EU which are linked by value chains.