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Tariffs in sentence

1238 examples of Tariffs in a sentence

He did resign this year, but in protest against the introduction of tariffs on steel imports.
Or at least it was until March 1, 2018, the day Trump signaled his intention to impose across-the-board import tariffs of 25% on steel and 10% on aluminum.
In the end, American consumers will pay for Trump’s tariffs.
At the same time, other countries will introduce tariffs of their own against US exports.
The European Union, for example, is now planning to slap tariffs on such American staples as Harley-Davidson motorcycles, bourbon whiskey, and Levi’s jeans.
On the other hand, Secretary of Commerce Wilbur Ross apparently favors the tariffs.
Another supporter of the tariffs is Peter Navarro, who was recently promoted to Director of Trade and Manufacturing Policy and Director of the White House National Trade Council.
Nevertheless, Navarro has not yet been able to explain how creating a larger domestic steel industry through tariffs will yield a net benefit for the US economy.
A final key supporter of the tariffs is US Trade Representative Robert Lighthizer, who formerly worked as a lawyer for the steel industry.
He has to know that Trump’s tariffs will have little to no chance of boosting the US steel and aluminum industries without also imposing substantial costs on the economy.
President-elect Trump campaigned on a promise to bring back US manufacturing, even if doing so requires imposing tariffs and dismantling existing trade arrangements.
All of this has significant implications for China, which has become the primary target of the Trump administration’s tariffs, amid accusations that it is responsible for global excess production capacity.
A Trade War On the World’s PoorestPRAGUE – US President Donald Trump’s steel tariffs have brought the prospect of a trade war closer to reality.
The 2015 White House report, for example, found that a ten-percentage-point decrease in tariffs leads to a one-percentage-point drop in the wage gap between men and women, and that lowering tariffs also reduces wage gaps based on race and immigration status.
Many of the seven previous rounds of negotiations – including the Uruguay Round, which resulted in the establishment of the World Trade Organization (WTO) in 1995 as the successor to the General Agreement on Trade and Tariffs (GATT) – took years to complete, but none died of neglect or disinterest.
Furthermore, the EU’s non-discriminatory tariffs are fully applicable to only nine trading partners.
This turnaround comes despite South Africa’s protection of its labor-intensive sectors, such as clothing and textiles, through high tariffs.
With WTO negotiations underway and an expanding free-trade agenda taking hold, those tariffs are under pressure.
During the campaign, Trump said that he would be prepared to impose significant and comprehensive tariffs on imported goods.
Terminating existing trade agreements, or disregarding the global trade rules that prevent the US from unilaterally raising tariffs, would invite a trade war, which would have immediate and harsh economic consequences.
The federal budget will subsidize this spending through lower tariffs on energy, heat, gas, and rail transport.
By framing this effort under Section 301 of the US Trade Act of 1974, the Trump administration could impose high and widespread tariffs on Chinese imports.
First, imposing tariffs on imports of Chinese goods and services would be the functional equivalent of a tax hike on American consumers.
In the event of new US tariffs, it seems reasonable to expect China to respond by reducing such purchases, reinforcing a strategy of asset diversification away from US dollar-based assets that has been under way for the past three years.
Harley-Davidson recently announced that it would move some of its operations to jurisdictions not subject to the European Union’s retaliatory measures adopted in response to Trump’s tariffs on imported steel and aluminum.
He then made a promise that he cannot keep: “… ultimately they will not pay tariffs selling into the EU.”
But, again, this is nonsensical: the entire point of Harley-Davidson shifting some of its production to countries not subject to EU tariffs is to sell tariff-free motorcycles to Europeans.
There have been important gains in market access in the past 15 years: 80% of developing countries’ exports to developed countries are now tariff-free, while average tariffs are down overall.
But non-tariff barriers can cost exporting countries more than tariffs do.
Everyone agrees, for example, that spillovers from pollution or tariffs are negative, not positive, externalities.
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