Potential impact of WTO tariffs on cross-border trade

This research examines current cross-border trading patterns and considers the potential impacts on overall trade of the application of current EU WTO tariffs. The impact of Non-Tariff Barriers (NTB’s) and changes to the euro-sterling exchange rate are also examined. The total impact on trade is derived from a combination of the size of the price increase caused by the tariff and NTBs and the sensitivity of trade to price changes.