Tariff
in sentence
464 examples of Tariff in a sentence
President Trump signs a bill slapping a
tariff
on imports from China.
But then President Xi Jinping retaliates with a Chinese tariff, which shifts demand away from US goods.
Just as
tariff
protection is not a macroeconomic problem in deflationary, liquidity-trap-like conditions, freer trade, the economist’s familiar nostrum, is not a solution.
Tariff
protection may not be bad macroeconomic policy in a liquidity trap.
The Bush Administration supported bailouts for airlines, unprecedented subsidies for agriculture, and
tariff
protections for steel.
Whether Trump slaps a
tariff
on Chinese goods, repudiates the North American Free Trade Agreement, packs the Federal Reserve Board, or undermines fiscal sustainability remains to be seen.
Customs unions typically bring together neighboring countries, which then trade across tariff- and quota-free frontiers and apply common tariffs for trade with other countries.
Today, Trump has launched a
tariff
race with China, an economic superpower, perhaps with similarly far-reaching potential consequences.
If an American company cannot obtain steel inputs domestically, it must either pay the
tariff
or apply for an exemption (“exclusion”).
At a rally in August, Trump reiterated threats about imposing a 25%
tariff
on automobiles – particularly those from the European Union.
Although transatlantic tariffs average only 3-5% (with higher peaks for some sensitive products),
tariff
elimination would have a significant impact, given that bilateral trade totals $650 billion annually.
The ongoing
tariff
disputes have seriously undermined the World Trade Organization and deepened mutual distrust in Sino-American relations.
For example, by imposing an import
tariff
on, say, steel, the United States can reduce the prices at which Chinese producers sell their products.
So American and European leaders insisted that Japan “voluntarily” restrain exports or face steep
tariff
and non-tariff barriers.
And he has promised to impose a 45%
tariff
on Chinese goods.
The steel tariff, for example, will help a small number of workers in the steel industry itself, while hurting a much larger number of workers in downstream industries like construction, oil and gas, and automobile manufacturing.
Just as the Smoot-Hawley
Tariff
Act of 1930 sparked a global trade war that may well have put the “great” in the Great Depression, Congressional enactment of enforceable currency rules today could spark retaliatory actions that might devastate the free flow of trade that a sluggish global economy desperately needs.
Even neighbors with low
tariff
barriers, like Canada and the United States, trade more internally than across borders.
The emergence of the clean-energy sector reflects rational policies – from research to financing to
tariff
incentives – in the world’s largest economies.
No more
tariff
bullying.
But Argentina's exporters will need help in returning to foreign markets, such as removal of
tariff
and non-tariff trade barriers by rich countries.
Kenya’s new feed-in
tariff
has triggered a rapid expansion of geothermal capacity, and, at 300MW, the largest wind-farm project in sub-Saharan Africa.
Ironically, America, long a zealous advocate of market fundamentalism, developed according to its own “Third Way.”US industry grew behind
tariff
walls.
Global trade fell by some 60% from 1929 to 1932, as major economies turned inward and embraced protectionist trade policies, such as America’s infamous Smoot-Hawley
Tariff
Act of 1930.
Policy mistakes ranging from tax hikes to poor central-bank decisions to a global wave of protectionism (most famously America’s Smoot-Hawley tariff) turned a deep recession into the Great Depression.
Trade times and costs are unnaturally high due to unintegrated and lengthy border procedures, high
tariff
rates, corruption, and underinvestment in transport infrastructure.
The process of integration was reversed after the WWI and finally destroyed in the Great Depression, in a series of vicious shocks:
tariff
protection, contagious financial panics that spread from the periphery to the heart of the world's financial system, and a turn to economic nationalism and autarky.
A patent that raises the price of a drug a hundred-fold has the same effect on the market as a 10,000%
tariff.
He has threatened to impose a 50%
tariff
on goods from China, Mexico, and other US trade partners, but no such measures have materialized.
Protectionism – starting with the Smoot-Hawley Tariff, which affected thousands of imported goods – triggered retaliatory trade and currency wars that worsened the Great Depression.
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