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Some tariffs would be scrapped completely, including those on car parts, and some agricultural produce.
However, 10-20% of key products would continue to be protected by the current level of tariffs, including some textiles, cars, beef, lamb and dairy.
The government said it would make an announcement once a decision had been finalised.
Tariffs are taxes on imports which protect UK companies from overseas competition. [...]
The Department for International Trade said that no final decision had been taken on tariffs, but there had been discussion across government about the right level in the even of a no-deal.
"If we leave the European Union without an agreement, our tariffs will need to strike a balance between protecting consumers and businesses from possible price rises and avoiding the exposure of sensitive industries to competition." [...]