31 December 1960: Challenge to British exports as Europe moves towards a common external tariff
Britain will begin to feel the draught from Europe from tomorrow. Not only does the Common Market take its third 10 per cent step in reducing internal tariffs between the Six, but for the first time it moves towards the common external tariff. Divided Europe becomes not a threat in 1961, but a reality.
Details of the new tariffs, which take effect on January 1, are now being announced in the Common Market capitals. British exports will be most seriously challenged in Germany and the Benelux countries – low tariff countries hitherto which are now raising their external barriers while also reducing their internal ones.
Continue reading...source https://www.theguardian.com/world/2020/dec/31/common-market-raises-trade-tariffs-archive-1960
