What verb could be used to describe when country A, which has implemented tariffs on country B, ends/removes/discontinues these tariffs?
e.g. After the incident, America [X]ed the tariffs.
English Language & Usage Stack Exchange is a question and answer site for linguists, etymologists, and serious English language enthusiasts. It only takes a minute to sign up.Sign up to join this community
After the incident, America lifted the tariffs.
4 (with object) Formally remove or end (a legal restriction, decision, or ban)
‘the European Community lifted its oil embargo against South Africa’
U.S. 'might' lift tariffs once new trade deal is signed
Trump faces mounting pressure to lift tariffs on Canada, Mexico
Vice President Pence: US Won’t Lift Tariffs Until ‘China Changes Its Ways’
Abolish: is commonly used when you refer to removing taxes, tariffs, regulations etc.
(LAW, GOVERNMENT) to end an activity, custom, etc. completely or by law or official action:
- Educationalists have called on the government to abolish tax on computers.
Google Books: abolish tariffs
Consider a group of countries that agree to reduce or abolish tariffs on the imports of some commodities from member countries preferentially. From: Macroeconomics, Trade, and Social Welfare
Prescott Bush (father of future president George Bush), had reservations. Bush later commented: “I never was a free trader. I never felt that we could abolish tariffs and do away with all protective devices, because we would have been flooded with imports ... From : Opening America's Market: U.S. Foreign Trade Policy Since 1776
Implementation of laissez-faire was sometimes thought of as if it were a one- time act: after government intervened to abolish tariffs, usury laws, and other legal restraints on economic ... From: The Open Society in Theory and Practice
Tariffs established by a legislative body are usually said to be repealed. . Nonlegislative tariffs would be revoked. But you don't always want or need to be procedurally accurate, sometimes you want to just emphasize the result. Or you simply may not know the details and don't want to trip over the wrong word.
Rescind works well enough for either case.
1 : to take away : REMOVE
2a : TAKE BACK, CANCEL
//refused to rescind the order
b : to abrogate (a contract) and restore the parties to the positions they would have occupied had there been no contract
3 : to make void by action of the enacting authority or a superior authority : REPEAL
//rescind an act
"Rescind." Merriam-Webster.com. Merriam-Webster, n.d. Web. 10 Dec. 2018.
U.S. Chemicals Manufacturers Welcome USMCA Signing, Urge President Trump to Rescind Tariffs on Steel and Aluminum
In Open Letter, Trump Supporting CEO Begs Trump To Rescind Tariffs
US Considering to Rescind Tariffs Based on Talks
My sense is that lift tends to be used to imply a link between the lifting and the acceptability of trading partners' behavior, whereas rescind can be used without implying that the rescission is due to some more favorable regard toward the relationship.