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Tariff wall |
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Tariff wallA tariff, presumably a high one, perhaps in lots of industries. The term is used to highlight the difficulty foreign sellers have in getting their products past the tariff, often in the context of the incentive therefore provided for FDI. See foreign investment argument for protection.Similar MatchesCompound tariffCompound tariffA tariff that combines both a specific and an ad valorem component. Tariff preferenceTariff preferenceA lower (or zero) tariff on a product from one country than is applied to imports from most countries. This violation of the MFN principle is permitted in special cases, including some preferential trade arrangements and the GSP. Maximum revenue tariffMaximum revenue tariffA tariff set to collect the largest possible revenue for the government. Tariffs and retaliationTariffs and retaliationThe process of one country raising its tariff to secure some advantage, to which another country responds by raising its tariff, the first raises its tariff still further, etc. See retaliation, trade war. Classic treatment is Johnson (1954). Revenue argument for a tariffRevenue argument for a tariffThe use of a tariff to raise revenue for the government. Many other kinds of tax cause smaller distortions and are therefore preferable to tariffs for this purpose. However, a tariff is one of the easier taxes to collect, and it is therefore common in the early stages of a country's development. Further SuggestionsTariff revenueApplied tariff rate Tariff schedule Import-weighted average tariff Tariff escalation Cascading tariffs Tariffication Income redistribution argument for a tariff Tariff items 806 & 807 Para-tariff General Agreement on Tariffs and Trade (GATT) Tariff Schedule of the United States General Agreement on Tariffs and Trade Tariff classification Tariff binding Nontariff measure Strategic trade policy argument for a tariff Nominal tariff Tariff Tariff-and-retaliation game Tariff rate quota Redistributed tariff revenue Equivalent tariff Trade-weighted average tariff Optimal tariff |
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