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Tariffs in sentence

1238 examples of Tariffs in a sentence

But the real target of the steel and aluminum tariffs is China.
The US tariffs will balance those domestic pressures and increase the likelihood that China will accelerate the reduction in subsidized excess capacity.
Because the tariffs are being levied under a provision of US trade law that applies to national security, rather than dumping or import surges, it will be possible to exempt imports from military allies in NATO, as well as Japan and South Korea, focusing the tariffs on China and avoiding the risk of a broader trade war.
The administration has not yet said that it will focus the tariffs in this way; but, given that they are being introduced with a phase-in period, during which trade partners may seek exemptions, such targeting seems to be the likeliest scenario.
This brings us back to the proposed tariffs on steel and aluminum.
In my view, US negotiators will use the threat of imposing the tariffs on Chinese producers as a way to persuade China’s government to abandon the policy of “voluntary” technology transfers.
If that happens, and US firms can do business in China without being compelled to pay such a steep competitive price, the threat of tariffs will have been a very successful tool of trade policy.
The January 23 imposition of so-called safeguard tariffs on imports of solar panels and washing machines under Section 201 of the US Trade Act of 1974 is directed mainly at China and South Korea.
For starters, tariffs on solar panels and washing machines are hopelessly out of step with transformative shifts in the global supply chains of both industries.
For example, retaliatory tariffs by China – the third-largest and fastest-growing US export market – could put a real crimp in America’s leading exports to the country: soybeans, aircraft, a broad array of machinery, and motor vehicles parts.
The new tariffs will boost the price of foreign-made solar panels – the functional equivalent of a tax hike on energy consumers and a setback for efforts to boost reliance on non-carbon fuels.
A similar response can be expected from producers of imported washing machines;LG Electronics, a leading foreign supplier, has just announced a price increase of $50 per unit in response to the imposition of US tariffs.
Senator Reed Smoot and Representative Willis Hawley made the same empty promise in 1930, leading to protectionist tariffs that exacerbated the Great Depression and destabilized the international order.
China’s Smart Trade MovesSHANGHAI – US President Donald Trump’s announced plans to target China with trade tariffs represent a significant departure from his predecessors’ approach.
Expanding the share of consumer goods might significantly improve the welfare of Chinese citizens, who, because of existing tariffs and non-tariff barriers, now often travel abroad to make purchases.
Conversely, US President Barack Obama promises to “get tough on China’s currency,” and America’s Congress is considering a move to force the US Treasury to label China a currency manipulator, paving the way for retaliatory tariffs.
It was advanced countries that imposed tariffs against "unfair" competition from abroad.
On the left, the growing working class sought to use political power to change economic relations - to advance more progressive tax policies, or to stop the use of tariffs to protect the old order.
Beyond a ceasefire in tit-for-tat tariffs, there are few real benefits.
The Americans pushed for a wholesale remaking of China’s industrial policies and intellectual property rules, while asking China’s government to refrain from any action against Trump’s proposed unilateral tariffs against Chinese exports.
First, the plan seeks to enhance the generation of non-oil revenues, by raising fees and tariffs on public services, gradually expanding the tax base (including through the introduction of a value added tax), and raising more income from a growing number of visitors to the Kingdom.
The price hikes are so damaging that the entire opposition united behind a law to bring tariffs back to their November 2017 levels.
The establishment of renminbi-based oil trading at a time when China and many other economies confront aggressive US tariffs, and possible further development of renminbi-based trade in other commodity markets, suggests that the US dollar could face an unprecedented challenge to its hegemony.
If China’s ultimate goals include internationalizing the renminbi, its more immediate objective, prompted in part by US tariffs or sanctions on China and other countries, is de-dollarization of the international system.
On trade and tariffs, while AMLO’s specific stances are unknown, many of his economic proposals contradict the letter or the spirit of NAFTA.
In the meantime, Trump’s constant threats to withdraw from NAFTA or impose new tariffs – for example, on Mexican automobile exports to the US – will inevitably irritate Mexico’s new leaders.
How Europe Should Respond to Trump’s Steel TariffsBRUSSELS – The last-minute decision by US President Donald Trump’s administration to delay imposing steel (and aluminum) tariffs on Canada, the European Union, and Mexico for 30 more days will ostensibly give the US a chance to negotiate a longer-term arrangement with its trading partners.
In 2002, President George W. Bush imposed a number of import restrictions, including headline tariffs of 30% on some steel products.
To be sure, the Trump administration has attempted to ensure that its tariffs do not directly defy those rules, by asserting that they are aimed at protecting national security – an objective that the WTO recognizes as a valid reason to protect domestic industries.
The relevant provision has been used very rarely, but the few precedents suggest that Trump’s tariffs might be legally justifiable, even if only a small fraction of steel output is actually used for tanks and warships.
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