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The parties to a system of preferential tariffs levy lower rates of duty on imports from one another than they do on imports from third countries.
Many depend on imports.
Even so, the country relies on imports.
Reliance on imports will certainly grow.
These should include a ban on imports of Syrian oil.
But so would domestic production, given its reliance on imports.
Around $1 trillion of that money was spent on imports.
Very slowly, that reliance on imports might be changing.
But Venezuela is more dependent than ever on imports.
Tax cuts might be saved, or spent on imports.
Tariffs on imports may be applied in several ways.
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