A no-deal Brexit has always meant that the UK would have greater flexibility to set its own trade tariffs.

The government has now set out its plans on how it would take advantage of that opportunity.

It has said it will cut tariffs to zero on 87% of the goods it imports if the UK leaves the European Union with no deal in place.

Business Secretary Greg Clark told the BBC before Wednesday’s publication of the plans that the changes would have “big implications” for some sectors.

What is a tariff?

A tariff is a tax applied only to internationally traded goods.

In the great majority of cases, tariffs are applied to imported goods by the country importing them.

But there can also be tariffs on exported goods.

What are tariffs

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