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Tariff in sentence

464 examples of Tariff in a sentence

After firing an opening salvo of steep tariffs on steel and aluminum, the US administration has released a plan for a 25% tariff on 1,333 Chinese imports – worth about $50 billion last year – to punish China for what it views as decades of intellectual property theft.
Second, it was assumed that the major participants in global trade – including the emerging economies that joined this process and, later, its anchoring institutions, such as the World Trade Organization – would eventually embrace the basic principles of reciprocity, continuing gradually to reduce both tariff and non-tariff barriers.
In order to reinvigorate multilateral trade cooperation, governments must work together to address unresolved issues from the Doha agenda, such as agricultural subsidies and tariff escalation.
In fact, Japan was the only major US ally not granted even a temporary exemption from Trump’s 25% steel tariff.
They did ask one thing: a reduction of tariff barriers and greater access to markets abroad.
An agreement on tariff reductions by then is also possible, although its complexity may lengthen the timeline.
We should also not rule out the possibility of China pitching tariff reforms to the wider international community as well.
An import tariff, in particular, would tend to depress the world prices of imported commodities, while raising their tariff-inclusive prices – with the home treasury reaping the difference in tariff revenues.
We would need to negotiate not just the removal of tariff barriers, but the prevention of non-tariff barriers, which today are often the biggest impediments to trade and pile costs on business.
Yet the most recent attempt at universal tariff reduction – the so-called Doha Round – never came to fruition, mainly because India (not China) opposed opening up some of its key markets.
As a result, any change to the tariff – and thus its broader effect on trade – has been small.
Already, the US is imposing a 10% tariff – four times the US average – on more than $200 billion worth of Chinese goods.
Next year, that tariff may be increased to 25% (ten times the US average tariff on imports from other countries) and expanded to include a broader range of imports.
Moreover, Chinese countervailing measures have been more moderate; there is little prospect of a blanket 25% tariff on US imports.
India's average tariff rate is around 30%.
European creditor countries today are not tempted by anything like America’s Smoot-Hawley Tariff Act, which crippled world trade in 1930.
But America's swing back toward protectionism started long before, with President George W. Bush's steel tariff of 2001.
It was hard to understand what the underlying calculus was when the Bush administration imposed that tariff on steel imports.
The tariff was bad economics: it made America poorer.
The tariff was bad mercantilism: it robbed more in profits and unionized jobs from steel-consuming industries than it gave to steel-making industries, and the former were at least as well-organized and vocal in Washington as the latter.
Finally, the tariff was also bad diplomacy: why should anyone enter into an agreement with a US government that appears eager to demonstrate that it will break its commitments for the tiniest of imagined domestic political benefits?
But trade data suggest the opposite, perhaps because China’s accession to the WTO led to tariff reductions that released more labor-intensive production.
As an illustration, current rules dictate that only 62.5% of a car’s content must originate within a NAFTA country to qualify for a zero tariff.
Tariff and non-tariff barriers will need to come down.
NAFTA guarantees Mexican producers tariff and quota-free access to the US market, the largest consumer market in the world.
Many countries are prevented from trading their way out of poverty by the high tariff barriers, domestic subsidies, and other protections enjoyed by their rich-country competitors.
The unstated implication - but the one the reader is expected to draw - is that tariff cuts were an important determinant of global integration and hence growth.
Of course, if there was direct evidence that these tariff cuts were correlated with growth (there isn't), you can be certain that the World Bank would have presented those results instead.
Perhaps the most outrageous example is America’s $0.54 per gallon import tariff on ethanol, whereas there is no tariff on oil, and only a $0.5 per gallon tax on gasoline.
Trump’s withdrawal from the Paris climate agreement, his rejection of the Iran nuclear deal, his tariff war, and his frequent attacks on allies and embrace of adversaries have rapidly turned the United States into an unreliable partner in upholding the international order.
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