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Tariffs in sentence

1238 examples of Tariffs in a sentence

The initial waves of US tariffs on Chinese imports are aimed mainly at intermediate goods that are processed by low-cost China-centric GVCs.
These tariffs will raise the prices of about half of Chinese goods imports, which totaled $506 billion in 2017, by 10% today and 25% in 2019.
Their interests were aligned, because higher tariffs allowed workers to demand higher wages, while capitalists could still make higher profits in the absence of foreign competition.
Large trade deals often introduce new health and safety requirements that become much more politically charged than cuts to already-low tariffs.
Should he wake up one morning and decide to impose heavy import tariffs on European cars, things could get very ugly, very fast.
Without concessions from its trading partners, including more reciprocity, the US, its government representatives unequivocally declared, would implement new tariffs on imports from Canada, the European Union, and Japan.
Under CAFTA, 80% of US exports will be duty-free as soon as the treaty is ratified, and all tariffs will expire in 15 years.
At the same time, the agreement eliminates most import tariffs for commodities like rice, yellow corn, or dairy products.
Long-standing charges of currency manipulation provide the proverbial smoking gun that US politicians – of both parties – believe justifies the imposition of steep tariffs on China’s exports to the US (which totaled $365 billion in 2010).
In the case of Trump at the G7, an agreement to scrap tariffs would have been good for the whole world, even if Trump later tried to renounce it.
Some businesses, especially in the agriculture sector, currently enjoy higher levels of protection; eliminating tariffs would thus alter the alignment of domestic interests in the EU (and in the US).
The fuel for the air base came mostly from Russia, and the main Pentagon contractor’s local dealers falsely claimed that it was intended for domestic civilian consumption, thereby benefiting from lower import tariffs.
The SCO promotes free trade, too, and aims to build essential infrastructure such as roads and railways to link its members and boost commerce between them while also harmonizing customs systems and tariffs.
Politically, the Trump administration has already done serious damage to America’s international standing by justifying tariffs against allies’ exports on the grounds of “national security.”
But the economic fallout of Trump’s tariffs has been no less alarming.
In fact, citing higher costs, the iconic motorcycle company Harley-Davidson recently announced that it was moving some of its production out of the US, to avoid the European Union’s retaliatory tariffs.
As a result, they will limit or delay purchases and shift at least some of their consumption to foreign-made products that the tariffs have now made relatively cheaper.
Beyond the obvious fallout from tariffs, the introduction of export quotas and exemptions will also have an insidious impact.
Moreover, once tariffs or quotas are imposed, other producers will start demanding equal protectionist attention, which may be why Trump is now threatening additional tariffs on cars.
But by subjecting US manufacturers and the world to a system of tariffs, quotas, and exemptions, it will achieve the opposite effect: lower competition, higher prices, poorer service, and less innovation.
Protectionists in the United States and Europe, itching to slap huge punitive tariffs on Chinese goods, have been caught flat-footed.
Tariffs on industrial goods in the advanced countries are already low enough that developing countries are unlikely to receive many benefits--and they have much to lose from another unfair trade agreement.
After the economists spoke about carbon prices, internalizing externalities, feed-in tariffs, carbon offsets, and the like, the engineer spoke succinctly and wisely.
If Trump goes down the protectionist road, however, US trade partners will retaliate, often with measures targeted directly at his base, as when the European Union recently threatened tariffs against Kentucky bourbon.
The Association Agreement, which runs to some 1,200 pages, would remove almost all EU tariffs on Ukrainian goods, boosting the country’s long-term GDP by an estimated 12%.
Membership would require Ukraine to double import tariffs on EU goods, at an annual cost equivalent to 4% of GDP; and it would not even guarantee free trade among its members (Russia already applies trade sanctions against Belarus and Kazakhstan).
In fact, the most phenomenal export-oriented growth experiences to date – Japan, South Korea, Taiwan, and China – all occurred when import tariffs in the US and Europe were at moderate levels, and higher than where they are today.
Modern trade negotiations are as much about setting a new regulatory agenda as they are about reducing tariffs.
To be sure, despite the United Kingdom’s Brexit vote and America’s unilateral diplomacy and trade tariffs under President Donald Trump, the West has not abandoned the notion of shared values.
Trump’s imposition of tariffs on steel and aluminum imports is undoubtedly popular with at least some of his base, but it has infuriated America’s closest allies, which have already begun retaliating.
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