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GCSE Citizenship Studies · key term
A tax charged on goods traded across national borders.
Used by AQA and Edexcel
Paper 2
Revise: Implications of UK's Former EU MembershipThe UK negotiated a tariff-free trading agreement with the EU after leaving. Nevertheless, tariff-free trade does not mean that the relationship is identical to membership. Some businesses have faced difficulties, and uncertainty surrounding Brexit affected investment decisions.
Paper 2
A tax charged on goods imported into a country.
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A tariff is a tax on imports. Tariffs and other trade barriers can make selling goods abroad more difficult or expensive. Negotiations to reduce these obstacles can therefore improve opportunities for UK businesses.
