Tariffs 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 tariffs

Here are some data on tariffs: starting at 40 percent, coming down to less than 5 percent.

For poorer countries, China reduces tariffs so that Laos and Cambodia can sell their goods more cheaply and become dependent on exporting to China as well.

Yet Trump now ups the ante on tariffs – in effect, biting the very hand that feeds the US economy.

There is no guarantee that the EU would agree to an interim continuation of free trade, and it seems certain that UK exports would face higher tariffs than its former EU partners in those third countries (placing British exporters at a competitive disadvantage).

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