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Tariffs in sentence

1238 examples of Tariffs in a sentence

Here are some data on tariffs: starting at 40 percent, coming down to less than 5 percent.
For poorer countries, China reduces tariffs so that Laos and Cambodia can sell their goods more cheaply and become dependent on exporting to China as well.
Yet Trump now ups the ante on tariffs – in effect, biting the very hand that feeds the US economy.
There is no guarantee that the EU would agree to an interim continuation of free trade, and it seems certain that UK exports would face higher tariffs than its former EU partners in those third countries (placing British exporters at a competitive disadvantage).
The IMF and other creditors are demanding economic adjustments to increase the fiscal surplus, including higher tariffs on privatized public services and a wage freeze for public employees.
China narrowed the trade policy gap with other developing countries, bringing average tariffs down to Southeast Asian and Latin American levels (about 10%) and establishing comparable openness to foreign direct investment (FDI).
The more likely scenario, however, is that economies like Canada, Europe, and Mexico will seek to offset the impact of Trump’s tariffs by deepening their ties with China – an obvious win for America’s main global competitor.
Meanwhile, US corporations will probably move production elsewhere to avoid retaliatory tariffs, as some – such as Harley-Davidson – have already threatened to do.
Trump’s phony national-security justifications for raising tariffs will also be challenged politically and perhaps in the courts.
The good news is that the administration has not pursued radically protectionist policies, such as branding countries as currency manipulators, introducing across-the-board tariffs, or pushing for the border adjustment tax.
And he could still start a trade war with China by introducing tariffs on steel and other products – especially now that China has been uncooperative in responding to North Korea’s escalating nuclear threat.
The administration did impose tariffs in January on solar panels and washing machines, but those are small relative to the size of the economy.
By contrast, if developing countries cut their tariffs by the same proportion as high-income countries, and services and investment were also liberalized, the global annual gains could climb as high as US$120 billion, with US$17 billion going to the world’s poorest countries.
They still insist that tariffs are undesirable in general, but they now concede that such measures could be appropriate and useful to stymie China’s rise.
On trade, Trump’s ideas are dangerous and would reverse decades of beneficial bipartisan American leadership in trade liberalization, with large tariffs on foreign imports, such as from China and Mexico.
Instead, they have actively worked to block efforts to mitigate climate change at the national and international levels, including by funding climate-change deniers and lobbying against renewable-energy targets and successful instruments like feed-in tariffs.
As if that’s not bad enough, a protectionist Trump administration has elevated anti-China tariffs to a central role in its international policy agenda.
Notable exclusions are real estate and alcohol – notorious sources of black money, the eradication of which is supposed to be a major objective of the Modi government – as well as petroleum products (currently taxed at about 45%), electricity, and communications tariffs.
More recently, Trump announced import tariffs of 25% on steel and 10% on aluminum, and indicated that exemptions would be granted to US trade partners on a case-by-case basis.
Putting aside Trump’s additional announcements of trade actions targeting China, tariffs on steel and aluminum would undoubtedly have negative effects on the US economy.
A few weeks after unveiling the tariffs, the Trump administration announced that it had “renegotiated” the KORUS.
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.
For US steel-exporting allies like South Korea and Japan, the fact that the Trump administration is justifying its tariffs in the name of “national security” adds insult to injury.
(Bulgaria, for example, might not need compensation since to a great extent it has already eliminated tariffs).
This raises the risk of a feedback loop between emerging-market currency depreciations and developed-market political responses, which include tariffs and other trade measures designed to protect a shrinking pie.
She wants Britain to set its own tariffs and other trade commitments at the World Trade Organization, and then independently negotiate preferential arrangements – misleadingly called “free-trade agreements” – with some countries.
For decades, Brazil’s economic policy has drawn on the strength of its huge domestic market and protected local industries through a complex system of subsidies, taxes, and tariffs.
In the heavily protected automotive industry, high import tariffs have encouraged foreign automakers to establish factories in Brazil.
The Rousseff administration is also creating incentives (subsidies, directed credit, and even some new import tariffs) aimed at developing certain sectors.
Stop Taxing the SickWASHINGTON, DC – The debate over access to affordable medicines in emerging and developing countries frequently overlooks a critical issue: Governments in these countries routinely slap tariffs and other taxes on vitally important drugs.
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