Tariff
in sentence
464 examples of Tariff in a sentence
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.
Historians continue to debate the centrality of the Smoot-Hawley law itself, but the subsequent
tariff
war certainly damaged trade and economic growth, making a bad situation worse.
Certainly I do not expect a
tariff
war to break out in the near term, but there are dangerous indicators of trade trouble ahead.
During the Great Depression, a spiral of protectionist trade quotas and
tariff
restrictions was used to combat monetary deflation, as popular demand for political action met legislative “log-rolling” by representatives of groups with very different – and often very locally oriented – policy priorities.
The best result would be if all players agreed to maintain the free trade already achieved, with the UK setting a new external
tariff
on a duty-free basis, applicable to all comers.
The alternative would be for UK exporters to accept the EU’s common external tariff, and for the UK to create its own import tariff, applied to all imports, including from the EU.
Because the common
tariff
is at a relatively low level on industrial and fishery products, this might not be an insuperable barrier for UK exports, and it would allow some flexibility in protecting UK companies from imports.
The potential pitfall is that any British
tariff
increase above the EU level would expose the UK to claims for compensation from third countries in the WTO.
The public opposed last year’s Republican-backed corporate tax cut, Trump’s effort to repeal the Affordable Care Act (Obamacare), his proposed border wall with Mexico, the decision to withdraw from the Iran nuclear agreement, and the imposition of
tariff
increases on China, Europe, and others.
After all, if over-populated countries with high unemployment cannot export people, why not reach for higher
tariff
barriers to protect the jobs they have?
Could the UK reasonably put its faith in rapid global progress in dismantling
tariff
barriers?
Finally, to address energy poverty, world leaders must scale up funding for decentralized renewable-energy projects, including through a globally funded feed-in
tariff
for renewable energy mini-grids in developing countries.
And, of course, there is enormous controversy over the innovation shift, which may well lie at the heart of the current
tariff
war.
Such a tax could be modeled on the so-called Robin Hood Tax under consideration in the United Kingdom, which would place a tiny
tariff
on financial transactions to help pay for poverty-alleviation programs and climate-change initiatives.
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.
Trump’s “renegotiation” gave South Korea a non-choice between limiting its annual steel exports to the US and facing a punishing 25%
tariff
on all of its steel exports.
US customs officials will also have to inspect all other shipments from other countries to determine which are exempt and which are subject to the 25%
tariff.
Regional VAT rates might be increased slightly if expenditure restraint is not sufficient to offset the loss of
tariff
revenues due to the customs union.
Aside from their wariness of the US, past Brazilian presidents also feared their domestic business establishment, which never met a
tariff
or a non-tariff barrier it did not like.
Now that Trump has called Mexican immigrants rapists and has called for a wall on the border (along with a
tariff
on Mexican exports to pay for it), trade intimacy with the US is losing – how can one put it politely?
President Mauricio Macri’s year-old administration is naturally inclined toward economic liberalism, and Argentina is caught today in the straitjacket of the external
tariff
of the Mercosur regional trade agreement with Brazil, Paraguay, and Uruguay.
The
tariff
in Djibouti is 26%.
In Kenya, we found that a new green-energy policy, including a feed-in
tariff
and 15-year power-purchase agreement, is catalyzing an initial target of 500 megawatts of geothermal, wind, and bio-fuel power, and a rise of more than 40% in the country’s installed capacity.
The US imposes a
tariff
of more than 50 cents per gallon on sugar-based ethanol from Brazil, but subsidizes inefficient corn-based American ethanol heavily – indeed , it requires more than a gallon of gasoline to fertilize, harvest, transport, process, and distill corn to yield one gallon of ethanol.
And, before the Iran shock had been absorbed, the US threatened a 25% import
tariff
on cars, which would shave at least $5 billion annually from German exporters’ revenues.
This is unfortunate, as the TPP would have revolutionized intellectual property rights and boosted transparency to unprecedented levels, while lowering
tariff
and non-tariff barriers.
Europe’s Trade CoupBRUSSELS – All has gone quiet on the transatlantic trade front, with last month’s agreement between US President Donald Trump and European Commission President Jean-Claude Juncker having dispelled fears of an all-out
tariff
war.
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