Originally Posted by
Vindec
Anything sold by the UK and imported into the EU MAY be subject to a tariff of up to 10% making the product more expensive and theoretically uncompetitive meaning the German (or any EU buyer) company could buy their goods elsewhere. However, the falling pound will more than compensate for any tariff if one is imposed.
Of course the question of tariffs will be subject to separate negotiation if we leave and a country such as Iceland has a tariff free deal with no strings. Given that we import more from Europe than we export, if the EU introduced tariffs we would probably do likewise in respect of EU imports meaning it would be in the EU's interest to give us a tariff free deal.