3. winners and losers from tariff reductions suppose that colombia imports cars from australia. the free market price is $9,200.00 per car. if the tariff on imports in colombia is initially 38%, colombians pay $ per car. one of the accomplishments of the uruguay round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial countries, as well as many developing countries. suppose that as a result of the uruguay round, colombia reduces its import tariffs to 19%. assuming the price of cars is still $9,200.00 per car, consumers now pay the price of $ per car. based on the calculations and the scenarios presented, the uruguay round most likely in colombia and in australia.