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Defending U.S. interests internationally will also be a challenge, given the importance countries like China have placed on developing local industries through a mixture of tariffs, subsidies and standards.
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Corporate welfare in that industry has finally ended after 60 years of being drip fed a mixture of quotas, tariffs, tax concessions and direct cash handouts.
Many also offer a choice of tariffs.
Devaluation can ease the strain of tariffs.
(See international trade: Measuring the effects of tariffs).
Political goals often motivate the imposition or removal of tariffs.
The imposition of tariffs on steel was a surprising reversal.
Hundreds of tariffs will be reduced in both directions.
It permits retaliation through the system of tariffs and non-tariff barriers.
As different sets of tariffs exist to calculate utilities, we compared Dutch tariffs versus UK tariffs.
The trade-distorting effect of a tariff regime is influenced by both the average level of tariffs and the dispersion of tariff rates around the average.
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