Tariffs in sentence

1238 examples of Tariffs in a sentence

Economists predict that the Trump administration’s tariffs will cause over 400,000 job losses in the US – which translates to 16 losses for every one job saved in steel and aluminum.

With world tariffs declining for decades, today’s negotiations focus mostly on the rules that govern international commerce.

Commodity prices spread worldwide, though influenced by local conditions and constraints (including tariffs and other protectionist measures in China, Russia, America, and elsewhere).

The list of examples is long, but it includes subsidies to large corporate farms, tariffs to protect the steel industry, and, most recently, the mega-bail-outs of Bear Stearns, Fannie Mae, and Freddie Mac.

But then, in 1846, the Conservative Party split over curtailing protective tariffs for grain, which was bad for the party’s rural farming base, but good for manufacturing, and for society generally.

Import tariffs for cars will be raised from their current 25% - the highest tariff - to a prohibitive 70% for imported cars older then seven years, which compete with new Russian cars.

Trump’s decision to impose tariffs on imported steel and aluminum left the US and Canada deeply divided at the Quebec summit, and their split over trade is certain to have much broader political implications.

By slapping tariffs on America’s closest allies, he is practically driving them into China’s arms.

With regard to China, he has not only threatened to impose tariffs, but also raised the possibility that he will defy the “One China” policy that his predecessors, Republicans and Democrats alike, have respected for decades.

But, today, the United States is rejecting trade openness, imposing unilateral tariffs and other barriers, and renegotiating trade deals on worse terms.

For example, this April – after the US had launched its trade war with tariffs on steel and aluminum – the Development Committee of the World Bank Board of Governors endorsed a package that included a $7.5 billion paid-in capital increase for the IBRD.

Nor was this the first time: in 2000, when South Korea increased tariffs on garlic to protect its farmers from a flood of imports, China responded by banning imports of South Korean cellphones and polyethylene.

To avoid being hit by US tariffs, companies manufacturing or assembling US-bound goods in China would be forced to move their production facilities to other countries, most likely in South and Southeast Asia.

With low interest rates, price stability, a more competitive exchange rate, a lower tax burden, plentiful resources for investment, and the reduction of electricity tariffs, Brazil is strengthening its potential for more rapid expansion.

The government has decided to install bus stops every 500 meters in city centers, reduce tariffs to 5% or less for a list of 54 environmental goods, and decommission many outdated and inefficient coal plants.

So far, only about $50 billion worth of Chinese exports have been affected by the Trump administration’s tariffs.

But in July, Trump announced a new round of tariffs targeting an additional $200 billion worth of Chinese goods, representing about 15% of total exports to the US.

The China Tariff MessCAMBRIDGE – The most frequent questions that I get when I speak to non-economists concern the tariffs that the United States is levying on imports from China.

Aren’t the tariffs a tax on the goods purchased by American consumers?

How do the Chinese respond to the current tariffs and threats of more?

I usually start my answer by stressing that, like almost all economists, I oppose tariffs in general.

It’s hard to know why the US is imposing tariffs, because the administration has not said clearly what it is trying to achieve in doing so.

But the US did not wait for a WTO ruling to confirm its claim and to authorize the imposition of tariffs as a penalty for China’s rules violation.

Nor has the US said that it would end the tariffs if the Chinese rescinded their illegal technology-transfer requirement.

I think policymakers should make it clear to the Chinese that the US would end its tariffs if the Chinese stopped stealing American firms’ technology.

The tariffs are indeed a tax on American consumers and firms that use Chinese products in their production processes.

In short, the cost of the imposed tariffs is not large relative to the gain that would be achieved if the US succeeds in persuading China to stop illegally taking US firms’ technology.

The White House should make it clear that this is the goal of US policy, and that the tariffs will be removed if and when the Chinese comply with their WTO obligations.

What is wrong is his approach: instead of recruiting allies like Japan and the European Union to put pressure on China, he has angered friend and foe alike with unilateral tariffs and other ill-advised barriers, risking a trade war that would hurt everyone.

Either way, imposing tariffs on imports from Mexico would merely operate as a tax on US consumers.

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