Tariffs
in sentence
1238 examples of Tariffs in a sentence
With
tariffs
and other taxes increasing drug costs by as much as two-thirds in some areas, even the most basic generic drugs become unaffordable for the poorest people.
According to a 2012 study by the World Trade Organization, Argentina, Brazil, India, and Russia impose
tariffs
of around 10% on imported medicines, while Algeria and Rwanda, for example, maintain a 15% rate.
As the report noted, it is difficult to understand why small countries maintain high
tariffs
on health products – a move that serves only to drive up domestic prices.
But
tariffs
are only part of the problem.
Several countries, including Colombia, Ethiopia, Malaysia, Nicaragua, Pakistan, Tanzania, and Uganda, have substantially reduced or eliminated
tariffs
and taxes on medicines.
After Kenya removed
tariffs
and taxes on anti-malaria products, for example, it reported a 44% decline in infant mortality and disease between 2002 and 2009.
India and China, as major pharmaceutical exporters themselves, have a clear interest in seeing lower medicine
tariffs
worldwide.
Abolishing pharmaceutical
tariffs
would follow the example set by developed countries when they created the WTO two decades ago.
But removing
tariffs
is something that could be implemented quickly and that would benefit the neediest people immediately.
Earlier this year, China joined 13 other WTO members calling for
tariffs
on environmental goods to be removed.
China, India, and the other BRICS should form a similar coalition to press for the elimination of pharmaceutical tariffs, thereby broadening access to health care throughout the developing world.
If these external disadvantages are not debilitating enough, this economy also maintains its own high barriers on international trade (in the form of state trading, import tariffs, and quantitative restrictions).
If Trump really did keep his campaign promises to revise the North American Free Trade Agreement and impose
tariffs
on many Chinese imports, he could tip the world economy from subpar growth to outright depression.
But a pragmatic version of “America first,” focused on achieving re-election in 2020, is more likely to mean some largely symbolic measures (such as antidumping
tariffs
on some Chinese steel imports) and abandonment of further trade liberalization initiatives such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership.
Anderson showed that if developing countries cut their
tariffs
by the same proportion as high-income countries, and services and investment were also liberalized, the annual global gains could climb to $120 billion, with $17 billion going to the world's poorest countries by 2015.
Even as China raises
tariffs
on US imports, it is lowering
tariffs
for other countries, in order to fulfill its promise to increase overall imports and bolster domestic consumption.
US President Donald Trump’s recently announced import
tariffs
on steel, aluminum, and other Chinese-made goods are in keeping with his brand of economic nationalism.
It is often said that surplus countries will always be the biggest losers in any tit-for-tat escalation of
tariffs
and other barriers.
As a dictatorship, China can ignore protests by workers and companies suffering from US
tariffs.
But congressional Republicans will probably feel differently, especially if their states or districts are among those being singled out by Chinese import
tariffs.
And if a US-initiated trade war drags on, China’s case will become only stronger as more countries suffer the disruptive effects of
tariffs.
After all, the EU has, in general, a liberal trade regime, with low external
tariffs.
Rising electricity and water tariffs, and changes in the allocation of growing tax revenues, reflect a broader approach to green financing.
These ongoing expenditures – feed-in
tariffs
to support renewables, outlays for climate-resilient agriculture, and spending on low-carbon public transport – have not yet been included in total investment figures.
When US President Donald Trump’s administration imposes
tariffs
on China, it is raising the cost of imports that domestic small businesses desperately need to keep operating.
The US announcement of
tariffs
on steel and aluminum imports, while ostensibly aimed at China, was also the latest signal to Europe that the Trump administration’s “America First” rhetoric must be taken seriously.
That means setting appropriate
tariffs
and establishing a coherent framework of technical, financial, and procedural regulations.
Nor should we forget Trump’s pledge to bring millions of high-paying manufacturing jobs back to the US by imposing import
tariffs
and canceling trade agreements.
Moreover, Trump has launched a trade war by imposing import
tariffs
on America’s major trading partners.
Most recently, he announced
tariffs
on another $200 billion of Chinese exports, to take effect on September 24.
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