Sentences with phrase «impose tariff barriers»

The Remain campaign would have us believe the EU would impose tariff barriers in retribution, but the truth is we import nearly # 70bn more from the continent than we sell there, so it would be an absurd act of economic self - harm for the EU to start a trade war with Britain.

Not exact matches

«Imposing tariffs or putting up trade barriers may sound good, but it will hurt our economy and credibility,» said Wendy Cutler, the former acting deputy U.S. Trade Representative who helped lead U.S. negotiations in the 12 - nation Trans - Pacific Partnership trade deal last year.

Ever since Trump announced on Thursday that he plans to impose 25 percent tariffs on steel imports and 10 percent tariffs on aluminum imports, he's caused a panic among members of his own party, who tend to oppose creating trade barriers of any kind around the US economy.

While the power of the IMP (and the World Bank) to impose economic liberalization programmes is limited to only those impecunious states which seek financial relief from it, all the WTO members are committed, by virtue of their membership of the organization, to its goal of a world free of tariff barriers.

In our view, small tariffs that serve as a «speed bump» for goods and services in a world of volatile exchange rates are relatively harmless and perhaps of marginal benefit to some businesses, but more significant protectionist policies may hurt the country imposing trade barriers far more than the countries being blocked.