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Brexit could halve EU exports to Britain: German study
By EUobserver
Companies on both sides of the English Channel could be charged more than €15bn in tariffs, and UK-EU trade reduced up to 50 percent in the long-term, a study from the IW institute in Cologne said on Tuesday. The automotive industry would be most affected with one-fifth UK tariffs paid by the German automotive industry and the British automotive industry paying one-third of EU tariffs.