Member-only story
The winners and losers of the UK-EU trade deal, explained
This appeared in The Millennial Source
The deal came at the last possible moment after the deadline was extended numerous times to allow the two sides to come to an agreement.
After years of negotiations, the United Kingdom and European Union finally reached an agreement that will lay out their relationship now that the UK has officially left the EU.
The negotiations, which concluded on Christmas Eve, resulted in the UK leaving the European single market and customs union at the end of 2020 but will see it continue tariff-free trade and other arrangements with the EU member states going forward.
The deal came at the last possible moment after the deadline was extended numerous times to allow the two sides to come to an agreement.
While the trade deal meant that all parties would avoid the ominous outcome of a “No Deal” Brexit, both the UK and the EU put their own spin on the agreement in an effort to lessen the concessions each made and emphasize what they gained from the new arrangement.
The thousands of pages contained in the new trade deal between the UK and EU lays out which side will leave more than four years of Brexit negotiations the “winner” and which the “loser.”
