{"id":4154,"date":"2020-02-27T13:27:53","date_gmt":"2020-02-27T13:27:53","guid":{"rendered":"https:\/\/www.sportsnewsforyou.com\/?p=4154"},"modified":"2020-02-27T13:27:53","modified_gmt":"2020-02-27T13:27:53","slug":"wto-not-britains-best-option-after-brexit-chancellor-admits","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=4154","title":{"rendered":"WTO not Britain&#8217;s best option after Brexit, chancellor admits"},"content":{"rendered":"<figure class=\"art\"><figcaption>\n<p>U.K. Chancellor of the Exchequer Philip Hammond | Rodger Bosch\/AFP via Getty Images<\/p>\n<\/figcaption><\/figure>\n<header>\n<h1>WTO not Britain&#8217;s best option after Brexit, chancellor admits<\/h1>\n<p class=\"subhead\">Reciprocal tariff-free access would be better, Hammond said.<\/p>\n<\/header>\n<footer class=\"meta\">\n<p>\n\t\t\tBy\t\t\t<span class=\"byline\"><br \/>\n\t\t\t\t<span class=\"vcard\">Alberto Mucci<\/span>\t\t\t<\/span>\n\t\t<\/p>\n<p class=\"timestamp\">12\/16\/16, 9:28 AM CET<\/p>\n<p class=\"updated\">Updated 12\/16\/16, 9:31 AM CET<\/p>\n<\/footer>\n<p>Philip Hammond, Britain&#8217;s chancellor, said Friday\u00a0that relying on World Trade Organization membership would not be\u00a0a good option for the U.K. after Brexit.<\/p>\n<p>&#8220;In my view, the WTO option would not be the most favored outcome,&#8221; Hammond told reporters at an event in South Korea, according to Reuters.<\/p>\n<p>&#8220;I hope that we would be able to agree with our European partners tariff-free access but on a reciprocal basis,&#8221; he added.<\/p>\n<p>Under a WTO option, U.K. exports to the EU would face a significant hike in\u00a0tariffs. Auto manufacturers, for example,\u00a0would have to pay a 10 percent tariff on cars produced in Britain\u00a0and exported for sale in\u00a0the EU.<\/p>\n<\/p>\n<ul class=\"story-frag-list layout-linear article-in-this-section article-section-remove\">\n<li><\/li>\n<\/ul>\n<footer class=\"content-credits\">\n<h6>Authors:<\/h6>\n<dl class=\"vcard\">\n<dt class=\"credits-author\"><span class=\"vcard\">Alberto Mucci<\/span>&nbsp;<\/dt>\n<\/dl>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>U.K. Chancellor of the Exchequer Philip Hammond | Rodger Bosch\/AFP via Getty Images WTO not Britain&#8217;s best option after Brexit, chancellor admits Reciprocal tariff-free access would be better, Hammond said. By Alberto Mucci 12\/16\/16, 9:28 AM CET Updated 12\/16\/16, 9:31 AM CET Philip Hammond, Britain&#8217;s chancellor, said Friday\u00a0that relying on World Trade Organization membership would&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4154","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4154"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4154\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}