What is in the UK’s Global Tariff?

On New Years Day 2021 the UK will begin to operate its own tariff regime on imports for the first time since 1973. These new tariffs will influence trade, prices and other aspects of the UK economy. This informative article from the UK Trade Policy Policy Observatory at the University of Sussex outlines the new regime and explains how it differs from the EU’s Common External Tariff regime which the UK has been bound by until 2020.