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Tariff in sentence

464 examples of Tariff in a sentence

In May 1930, some 1,028 of America’s leading academic economists wrote a public letter to US President Herbert Hoover urging him to veto the pending Smoot-Hawley tariff bill.
One might think that the details of trade agreements and tariff barriers with Ukraine would baffle most Dutch voters, and one might also wonder why they should care enough to hold a referendum.
Uncertainty about whether the Obama administration can marshal enough votes in Congress to ratify the TPP has now been compounded by proposed legislation that would impose tariff duties on countries that engage in “currency manipulation.”
In the case of a tariff, for example, lower demand from the larger economy will tend to push down the prices of the goods that it imports.
For example, if the US imposed an across-the-board import tariff of 25% on steel products, and imports collapsed to $15 billion – one-half of their 2017 value – the US would still acquire an extra $3.75 billion in annual revenues.
The Trump administration is amenable to this outcome, because it finds it inconvenient to put a tariff on imports from its allies.
The focus on new areas of deep integration should not obscure the old-fashioned free-trade benefits that are also part of the TPP: reducing thousands of existing tariff and non-tariff barriers.
Yet insulation materials and energy-efficient appliances remain expensive, owing to tariff protections for incumbent producers using outmoded technologies.
Furthermore, the CFA has yet to establish a functional common external tariff, and intra-franc-zone trade stands at a mere 12% of its members’ total exports and imports.
People close to the president-elect are considering an import tariff, set at around 10%.
This tariff will undoubtedly be presented to the public as a move to make American manufacturing great again.
But a tariff is just another name for a tax that increases the costs of all imported goods.
But now they have started to think about an import tariff as part of their tax “reform” package, they will all start to get on board.
The average US tariff rate severely understates the actual tariff rates applied to Chinese goods.
For example, during the Great Depression, US President Herbert Hoover signed the 1930 Smoot-Hawley Tariff Act, intended to protect American workers and farmers from foreign competition.
Rather than opting for interest-rate hikes and an external funding anchor to support domestic policy adjustments, the government has adopted a mix of less direct and more partial measures – and this at a time when Turkey is in the midst of an escalating tariff tit-for-tat with the United States, as well as operating in a more fluid global economy.
Because of its size and systemic influence, and assuming it remains willing to incur the risk of suffering some damage in the process, the US is destined to win a tit-for-tat tariff escalation.
By contrast, when countries started abandoning the gold standard in 1931, tariff barriers had already gone up.
The price of US soybeans has fallen significantly more than has the price of Brazilian soybeans, as Brazil is not subject to the new Chinese tariff.
To this day, some of India’s legendary entrepreneurs are believed to have built an empire simply by mastering the minutiae of India’s tariff and tax codes, and then manipulating them brazenly to their advantage.
Following the passage of America’s Smoot-Hawley Tariff in 1930, countries raised trade barriers in a tit-for-tat frenzy, with no rules to constrain their behavior.
In Kenya, a new feed-in tariff is triggering an expansion of wind and geothermal power.
In 1930, the US enacted the Smoot-Hawley Tariff, which raised import duties on more than 20,000 goods.
If we go by the most widely used six-digit tariff lines, Bangladesh exported 409 tariff lines to the US in 2004, from which it earned about $2.3 billion.
But its top 12 tariff lines – 3% of all tariff lines – accounted for 59.7% of the total value of its exports to the US.
The situation is no better if the 3% rule applies to the tariff lines that the US imports from the rest of the world (rather than to the lines individual poor countries export to the US), for then the US can exclude roughly 300 tariff lines from duty-free and quota-free treatment.
For Bangladesh, this implies that 75% of the tariff lines, accounting for more than 90% of the value of its exports to the US, could be excluded from duty-free treatment.
Exclusion from duty-free treatment could reach 100% for Cambodia, which exported only 277 tariff lines to the US in 2004.
The tariff is fully consistent with a special arrangement negotiated at the time of China’s accession to the WTO, which allows the US to impose temporary protection when its markets are “disrupted” by Chinese exports.
But if you say that you favor protection from imports , you are painted into a corner with Reed Smoot and Willis C. Hawley, authors of the infamous 1930 US tariff bill.
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