Comments by "Drew Hodge" (@drewhodge3820) on "Does the EU Need a Deal with Britain: Can Europe Cope with a No Deal Brexit? - TLDR News" video.

  1. Without a UK/EU FTA. EU goods will cost 12-25% more under WTO trade terms. The UK is the EU's third largest trading partner. (behind the USA & China) Combined with the fact that None EU goods will be 10% cheaper from next year (With or Without an FTA). Thats because the UK wont be collecting 10% import tax (set by the EU) and sending that 10% import tax to Brussels. So without an FTA, EU goods will cost 22-35% more. When you consider the EU's Net exports are only 33 Billion a year and the UK spends 260 Bilion in the EU every year. Things dont look good for the EU leaders.
    1