UK trade minister rules out zero import tariffs in case of hard Brexit

Trade minister Liam Fox said on Wednesday he did not support the idea of slashing tariffs on all imports to zero if Britain leaves the European Union without a deal. Asked about reports in British media that he was considering the plan, Fox said there was a range of options available and the government would make a decision on 'no deal' tariffs soon and would publish it. "Unilateral liberalisation is not what I would propose and I have not actually heard anyone else in government propose it," Fox told a committee of lawmakers. 

(With inputs from agencies.)