Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,891,067,231 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Across the Board Tariff Reduction
(redirected from Across-the-Board Tariff Reductions)

    0.02 sec.
Across the Board Tariff Reduction
The unilateral decision by a country to reduce the tariffs it imposes on its imports. Tariffs are considered economically inefficient because they make imports less competitive than domestically produced goods, which can result in more expensive products for consumers. Across the board tariff reductions help prevent this; they also may be intended to encourage the country's trade partners to do the same and make the country's exports more competitive abroad. Opponents of across the board tariff reductions, however, argue that the increased competition can drive domestic companies out of business, eliminating jobs.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
As Richard Gardner said, the RTAA "had some defects as an instrument for more liberal trade" in that it did not allow unilateral, across-the-board tariff reductions.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.