Supply Chain Research

The U.K. government has outlined a negotiating position for its ‘Brexit’ trade negotiations with the EU. It calls for a unique deal that starts with the current position of zero tariffs in either direction on goods and a continuation of common regulatory standards. It does not want to start from a blank piece of paper. Panjiva analysis shows that only five EU members have a trade deficit vs. the U.K., while eight have a surplus worth over 1% of their GDP. That suggests limited room for agreement within the EU as to how tough a line to take on the British tariff proposal.