The treaty abolished the 20% tariffs that both the United Kingdom and Ireland placed on their respective imported goods.
ðə tɹˈiːɾi ɐbˈɑːlɪʃt ðə twˈɛnti pɚsˈɛnt tˈæɹɪfs ðæt bˈoʊθ ðə juːnˈaɪɾᵻd kˈɪŋdəm ænd ˈaɪɚlənd plˈeɪst ˌɔn ðɛɹ ɹᵻspˈɛktɪv ɪmpˈoːɹɾᵻd ɡˈʊdz.