Michael LeGoff, Plessey:
"Tariff war with Europe would be an unmitigated disaster"
And chief executive Michael LeGoff has affirmed that the company intends to continue producing its sought-after products, mainly high-tech LEDs for lighting, in Plymouth.
But he has warned that any post-Brexit deal resulting in tariff barriers going up in Europe will damage the firm's exports to the continent.
He said a “tariff war with Europe" would be “an unmitigated disaster".
And he is also concerned about a Trump administration which he says has already made the USA protectionist.
Mr LeGoff admitted it was “still early days" for the UK's Brexit strategy from the European Union, but warned: “The concerns we have are around people and free trade.
“It's going to be very difficult for UK companies to operate in the EU if there are tariffs. No one envisages how they can possibly work. And if they impose tariffs on us we would have to protect our own markets."
Read more at the Plymouth Herald