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Yet the few exceptions to the tariff-cap regime are generally used to protect the most inefficient businesses.
But it has then backed away, entering Nafta renegotiation, granting exceptions to the steel and aluminum tariffs to many countries, and delaying tariffs on Chinese imports.
And there are exceptions to the exceptions.
It describes the salary cap, exceptions to the cap and exceptions to those exceptions.
Olarreaga and Soloaga (1998) show that active lobbying can explain the exceptions to both the intrazone and the common external tariff in Mercosur.
In defense of those rare earth quotas, China had cited a decades-old legal exception to the W.T.O.'s predecessor, the General Agreement on Tariffs and Trade, known as GATT.
Despite the crass protectionism of Mr Bush's early years, when he increased both steel tariffs and farm subsidies, trade policy has been a notable exception to the broader political tension between the Bush administration and "Old Europe".
At time of writing, it seemed that most recommendations were widely accepted with the exception of the tariff removal which many growers (particularly in NSW) and country regions opposed.
Exception to the rule.
Exception to the rule..
Why the exception to the no-exception rule?
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