Going 'the extra mile': UK, EU keep up Brexit trade talks Britain and the European Union say talks will continue on a free trade agreementBRUSSELS -- Teetering on the brink of a no-deal Brexit departure, Britain and the European Union stepped back from the void Sunday and agreed to continue trade talks, although both downplayed the chances of success. U.K. and EU negotiators were still talking at EU headquarters on Sunday, with less than three weeks to go until the U.K. leaves the economic embrace of the 27-nation bloc. Johnson said the “most likely” outcome was that the two sides wouldn't reach a deal and would trade on World Trade Organization terms, with the tariffs and barriers that would bring. What we want is a good deal, a deal that respects these principles of economic fair play." Tariffs will be applied to many U.K. goods, including 10% on cars and more than 40% on lamb, hurting the U.K. economy as it struggles to rebound from the impact of the coronavirus pandemic.

Source: ABC News December 13, 2020 09:11 UTC