History of tariffs: From ancient times to the modern day
Tariffs are by no means a new concept, though they have gained a lot more prominence among everyday folk since US President Trump took office for his second term.
Customs
UK–India Free Trade Agreement opens door to a £25.5bn trade boost, slashes tariffs on whisky, cars, textiles
The UK and India have finalised a landmark trade deal, cutting tariffs on whisky, gin, and cars, and aiming to boost bilateral trade by £25.5bn by 2040.
HKMA’s launches expert panel ‘Cargox‘ to digitise cargo data across sea, road, and air transport
The Hong Kong Monetary Authority (HKMA) has launched an Expert Panel on Project Cargox to strengthen Hong Kong’s digital trade
The United Kingdom suspends tariffs on the import of 89 household products and expands trade finance facilities
The UK government has suspended third-country duty – also known as MFN tariffs on 89 products, expressing an ambition that the savings will be passed on to consumers. Whilst timing of the press release appears to coincide with the imposition of 10% US tariffs applied in addition to existing most favoured nation (MFN) rates on most UK exports to the United States, the suspended tariff announcements are the outcome of a 2024 consultation.