Sentences with phrase «nation imposes a tariff»

The main point is that when a nation imposes a tariff on another nation's goods, it's a tax that, according to classical economics, generally raises the prices, and lowers the volume of sales, of those imports.

Not exact matches

Prime Minister Justin Trudeau said any move by the United States to impose tariffs on Canadian steel and aluminum would be a «very bad idea» guaranteed to disrupt trade between the two nations.

«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.

Major Asian nations reacted sharply to U.S. President Donald Trump's decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to close relations amid industry calls for retaliation.

As a trade war between the U.S. and China escalates, tariffs imposed by the two nations have business owners in industries ranging from cars to wine feeling nervous.

«We truly despise the carrot - and - stick approach,» Jia said in a veiled swipe at Trump's threats to cut aid or impose tariffs on Latin American nations that do not do more to further efforts to create more US jobs and combat drug trafficking.

Instead, unilaterally imposing a 19th century tariff policy is a sure way to alienate Washington's closest friends and ensure that other, less democratically - minded, states might become tomorrow's «greatest nation on earth.»

On Friday morning, the day after he announced his plan to impose a 25 percent tariff on all steel imports and a 10 percent tariff on all aluminum imports into the US, Trump boasted that his drastic actions would result in an easy win for the nation.

President Trump put China squarely in his cross hairs on Thursday, imposing tariffs on as much as $ 60 billion worth of Chinese goods to combat the rising threat from a nation that the White House has called «an economic enemy.»

China's ambassador to the U.S. wouldn't rule out the possibility of the Asian nation scaling back purchases of Treasuries in response to tariffs imposed by President Donald Trump.

By imposing tariffs, President Trump is sticking to his campaign pledge to rebalance the nation's widening trade deficit with the rest of the world.

Following lobbying by heavy industries, the US Congress is considering imposing tariffs on imports from China and other developing nations.

He did however comment to the Washington Post that he's opposed to one provision in the bill which would impose tariffs on goods produced in nations that do not commit to greenhouse gas reductions: The President said,

EU nations promoted clean energy at vastly inflated costs through imposed renewable energy targets, tariffs and subsidies.

While imposing a tariff on goods imported from Mexico would have a negative impact on that nation's economy, Tolliver says Mexico could survive it over the long term as its economy adjusts to a new normal, as its economy is growing.