The treaty declared peace between Lubeck and the German Confederation with England, restoring the Hanseatic privileges in the Port of London. These included immunity for Hanseatic franchises from the Tunnage and Poundage levy, which had been guaranteed by the Utrecht Treaty of 1437. It did not however halt the league's long-term decline across Germany, a fact the Prussians recognised during Anglo-Hanse Conference at Utrecht in 1451. The German Hansa could not prevent the Dutch penetrating into Baltic port markets. In Riga the Latvians opposed the Treaty of Utrecht, attempting to use the leaguers to prevent English trade competition with the continent. The Hansa ignored Riga's pleas and the treaty was ratified. While the Merchant Adventurers were excluded from the Baltic, because they had lost the 1468–1474 war, they remained prepared for negotiation to restore access to the Low countries. Edward IV drew up peace treaties to clear the path for war with France.T. H. Lloyd, England and the German Hanse, pp. 371–373 In a good year as much as 50% of the Exchequer's revenues came from customs: 10% rate on cloth, but in 1470, wool taxes were as much as 48% on alien immigrants. The trade war had to come to an end.Carus-Wilson and Coleman, England's Export Trade, p. 156.K. A. Oye, Co-operation Under Anarchy, p. 154
