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Tariff in sentence

464 examples of Tariff in a sentence

Indeed, Bush has backed several major anti-liberal initiatives: a steel tariff, the expansion of agricultural subsidies, and a declaration that FTAA [Free Trade Agreement of the Americas] negotiations cannot even consider the impact of US agricultural subsidy programs on trade.
In 1930, for example, America’s Smoot-Hawley Tariff Act singled out Swiss watches, Japanese silk products, and other nationally iconic imports.
So too, apparently, have foreign buyers of US products such as soybeans, who are rushing to stock up before the tariff war fully heats up.
Applied tariff rates in developing countries, while higher than in advanced countries, are already at an all-time low.
Germany, with its feed-in tariff, has led the way in encouraging such solar deployments, and this approach is beginning to be adopted at the state level in America.
Two years ago, China trumped Japan by offering a Free Trade Agreement to the members of the Association of Southeast Asian Nations, while front-loading its own tariff concessions.
Tariff hikes by major trading countries represent a reversal of efforts since the end of World War II to eliminate trade barriers and facilitate global commerce.
Tariff reductions, together with technological advances, drove the extraordinary expansion of global trade that we have witnessed just in our lifetimes.
It would no doubt result in tariff increases greater than anything we have seen in recent history.
America is the keenest supporter of open sectoralism, beginning several years ago with the “zero-for-zero” tariff negotiations during the Uruguay Round of world trade talks.
Those talks led ultimately to the dismantling of tariff barriers in ten key sectors.
As the MIT economist Charles Kindleberger showed, America’s Smoot-Hawley Tariff, in particular, helped to turn a deep recession into a global depression.
Moreover, numerous local investment projects were stopped, while measures to slow the growth of net exports – including a 20% revaluation of the renminbi and a significant cut in tariff rebates for exports – brought down annual export growth from around 30% to a more reasonable 17% in late 2007.
The US market is already rather open;TPP participants such as Vietnam, Malaysia, and Japan have higher tariff and non-tariff barriers against some products that the US would like to be able to sell them than the US does against their goods.
With this outcome in mind, nearly 1,000 companies, under the banner of the Alliance for Affordable Solar Energy, have signed a petition against the anti-dumping tariff.
Ideally, China would abolish the practice on its own, thereby eliminating the need for the EU to erect tariff barriers that, given the highly integrated nature of the PV production chain, would end up undermining European exports of inputs like machinery and silicon.
And there should be no illusion that the tariff will be a panacea for an increasingly distressed solar industry.
China has retaliated, but only on a like-for-like basis, matching US tariff rates and the dollar value of trade affected.
If protection is sought through tariff and other trade-related measures, then the knock-on effects could have even more devastating consequences for all.
The country cut its average import tariff rate from 15% in the late 1990s to about 5% by 2006, and reduced many non-tariff import barriers, such as restrictions on which firms could legally engage in international trade.
That decade’s trade war was started by the US with the Smoot-Hawley tariff of 1930.
The Smoot-Hawley Tariff of 1930 – which raised US tariffs on more than 20,000 imported goods by as much as 50% – was supposed to protect American farmers and businesses.
More than 85 years ago, US Senator Reed Smoot and Representative Willis Hawley fired the first shot in sponsoring the Tariff Act of 1930.
Some elections during this period were fought largely over the tariff issue.
The “Great Tariff Debate” of 1888 ended in victory for the Republicans, who then enacted the McKinley Tariff of 1890.
Republicans were also responsible for the Morrill Tariff of 1861 and the Fordney-McCumber Tariff of 1922.
Moreover, both Senator Reed Smoot and Representative Willis C. Hawley – responsible for the infamous Smoot-Hawley tariff of 1930 – were members of the Grand Old Party.
(Some 1,028 economists signed a petition urging Hoover to veto the tariff.)
The consequences of Smoot-Hawley, which raised the average tariff rate to 48%, are well known.
In 1934, the Reciprocal Trade Agreements Act – pushed through by Cordell Hull, the secretary of state in President Franklin Roosevelt’s Democratic administration – paved the way for a transition to a more enlightened period of mutually-agreed tariff reductions.
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