Tariff in example sentence

In exchange for an exemption from the tariffs, South Korea agreed to reduce its steel exports to the US to 70% of 2015-17 levels, postpone a phase-out of the 25% US tariff on small trucks for 20 years (from 2021), and increase its annual limit on US-made automobile imports from 25,000 to 50,000.

More example sentences with word tariff

Did you know that for all my raw material that I can't find in the country, I have to pay a 45 percent tariff on everything that comes in?

Forty-five percent tariff.

But they'll sell it to Japan and China instead, because we have tariff barriers to protect our corn farmers, and they don't.

Monetary tightening was not the only major policy error of the 1930’s; so was a retreat into protectionism, symbolized by the Smoot-Hawley tariff increases at the beginning of that decade.

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