A comprehensive overview of the Generalized System of Preferences (GSP) in economics, its historical context, definitions, major frameworks, comparative analysis and further studies.
The tariff charged on trade with non-members by all countries in a customs union or common market, often referring to the external tariff of the European Union.
The UK Act of Parliament passed in 1932, which imposed a 10 per cent tariff on most items from non-Commonwealth countries, marking the end of the free trade era.
The definition and meaning of a trade war, an economic conflict wherein countries attempt to harm each other’s trade using tariffs, quotas, and other restrictive tools.