Exact(10)
First, with a few temporary exceptions, it converted all non-tariff barriers and unbound tariffs into bound tariffs.
But Mr. Ford said the automaker had taken the tariffs into account and did not need to modify its turnaround plan.
Reich said that he had tried to turn the steel tariffs into an argument for South American countries to join the Free Trade Area of the Americas, which is a proposed hemisphere-wide free-trade zone.
A government regulator authorised tariff increases to pay for the projects.When an economic collapse forced a big devaluation of the peso in 2002, the government converted all dollar-denominated tariffs into pesos and froze them.
Not surprisingly, those countries that protect their farmers most wanted a conversion formula that translated specific tariffs into lower percentages, as that would imply smaller cuts down the road.
The last breakthrough came in May, when negotiators from America, the European Union (EU), Brazil, India and Australia settled on a formula for converting existing tariffs into "ad valorem" levies, which are assessed as a percentage of value.
Similar(50)
"WTO rules would look at a minimum tariff into the EU of 20%.
Those tariffs went into effect on June 1.
And within about 15 to 30 days, the tariffs go into effect.
The tariffs went into effect almost a year after the economic downturn had begun.
If not, the new US tariffs coming into force will be followed by more on both sides.
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