Abolition of Import Tariffs - The Biggest Unilateral Tariff Reform in 20 Years

Abolition of Import Tariffs - The Biggest Unilateral Tariff Reform in 20 Years

The Conversation

The government will abolish almost 500 so-called “nuisance” import tariffs from July 1. Items set to become tariff-free include toothbrushes, hand tools, fridges, dishwashers, clothing, and menstrual and sanitary products. The tariff on such products is 5%. The cost to the budget has not yet been announced.

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