tariff reform
tariff reformA British fiscal policy designed to end the nation's adherence to free trade by the use of protective duties on imported goods. Joseph Chamberlain believed that the use of tariffs would strengthen Britain's revenue and its trading position; it would also strengthen links within the British empire by making possible a policy of imperial preference (the application of lower rates of duty between its member countries). Chamberlain's campaign ( 1897 – 1906 ) failed, it divided the Conservatives and was rejected by the Liberals. Tariff reform was rejected again in 1923 when Stanley Baldwin and the Conservatives failed to secure an overall majority in an election...
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