International Trade Agreements Tariff Terms
Explore key tariff and trade terminology related to international trade agreements. Our comprehensive definitions provide clarity for importers, exporters, and trade professionals.
Customs Union
A group of countries that have agreed to charge the same import duties and usually to allow free trade between themselves.
Digital Services Tax (DST)
A tax on digital companies often targeted in trade disputes (e.g., U.S. vs. France).
Free Trade Agreement (FTA)
A pact between two or more nations to reduce barriers to imports and exports among them.
Trade Facilitation
The simplification and harmonization of international trade procedures.
Trade Liberalization
The removal or reduction of restrictions or barriers on the free exchange of goods between nations.
Trade War
A situation where countries impose tariffs or other trade barriers against each other in response to trade disputes.
U.S. International Trade Commission (USITC)
An independent, quasi-judicial agency that provides trade expertise to Congress and the President.
Need Help With International Trade Agreements?
Our network of trade experts can provide personalized guidance on international trade agreementstariff issues and compliance requirements.
Connect with an Expert