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Perhaps Washington has justification for increasing tariffs in this particular case, but in general it sets a bad precedent.
Jones said the prime minister "recognised that work needs to be done on pension liability, on increasing tariffs and high energy prices".
With U.S. beef imports gradually increasing, tariffs ranging as high as 40 percent under the agreement would diminish to zero in 15 years.
Other countries followed suit, abandoning the gold standard so they could devalue and increasing tariffs, and this contributed to the collapse in trade and the prolongation of the slump.
EDF and E.ON took the levy changes into account in the recent round of price rises, increasing tariffs on average by 3.9 per cent and 3.7 per cent respectively - far less than the increases announced by rivals.
Officials have argued that granting China market economy status does not stop Europe increasing tariffs on Chinese steel, and claimed that the government's action in the EU has been to stop changes to a ruling that could harm British consumers in areas other than steel.
Similar(46)
The classic formula to boost a university's position involved increasing tariff points (so that better-qualified students entered and graduated) and making big investments in research.
Brazil increased tariffs on tools and toys.
Put another way, increased tariffs are a negative-sum game.
By reducing tariff ceilings, this would place tighter limits on countries' ability to increase tariffs.
If Trump increases tariffs, then this business will become increasingly difficult".
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