Simon Evenett, Author of the Global Trade Alert and Professor of International Trade at the University of St Gallen said: “If the UK leaves the EU and doesn’t manage to negotiate a free trade deal some consumer goods such as footwear, t-shirts and cars could have tariffs placed on them as high as 10%. This will really hit exports.
How many t-shirts does the UK make? How much price sensitive foot wear? And I rather doubt the Germans would wear car tariffs…..