"That will hopefully minimize disruption to supply chains and ... to financial markets as much as possible," he told the panel hosted by CNBC's Sara Eisen.
WTO terms would mean the U.K. and EU could place import tariffs and quotas on each others' goods — although the U.K. has already stated that the majority of imports from the EU would remain tariff-free in this scenario.
Oof. This article is lousy. The fundamental dynamic is that the agreement will be based on the Freedoms and reciprocity. Everything else is just blah blah blah. i.e. The deal's ambitions will be undermined by the Brits demands to cherry pick, which isn't on offer.
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