Prohibitive Tariff

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Prohibitive Tariff

A tariff so high that it makes an import prohibitively expensive. A prohibitive tariff discourages importers from bringing goods into the country in the first place because they will be difficult to sell. For example, a country may levy a 900% tariff on a good that it wishes to keep out.
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Billed upon his peaceful death at home in 1890 as the "King of the Smugglers," Lawrence was a confidant of Boss Tweed, a cousin to the poet whose verse is inscribed inside the pedestal of the Statue of Liberty, and an importer of much of the fine silk brought into the country in defiance of America's prohibitive tariffs.
I would propose that the operators concentrate on providing value-added services that would be enhanced by roaming rather than imposing prohibitive tariffs that discourage roaming.
For the next 20 years we will be tying down consumers to prohibitive tariffs," DISY MP Lefteris Christoforou said.
According to Robb, This agreement is particularly strong for Australian farmers, by eliminating prohibitive tariffs greater than 550 per cent in some cases with gains across beef, sugar, dairy, wheat, wine, horticulture and seafood.
These are prohibitive tariffs," said Ivan Hodac, ACEA's secretary general.
We are launching an African free trade initiative to help break through trade barriers such as bureaucracy and prohibitive tariffs.
But it remains one of the least integrated regions in the world, with intra-regional trade still hamstrung by prohibitive tariffs and duties, cumbersome border regulations and other restrictions.
On the steel import monitoring system, Phelps said, "If the choice is between prohibitive tariffs or a licensing system, AIIS members obviously prefer a licensing system.
And should a non-European Union olive oil producer overcome this competitive disadvantage and try to export into an EU country, it still faces prohibitive tariffs not levied on its European competitors.
While purporting to be directed against products that 'circumvent' tariff-rate quotas, the measure actually will result in prohibitive tariffs on legitimate products used by domestic food producers," noted Sophos.
He added that the Commission was now considering "countervailing measures" - a targeted list of US exports to EU countries which could face new prohibitive tariffs.
When people speak of barriers to entering global markets, they tend to think of prohibitive tariffs, tangled bureaucracies, complicated supply chains and unfamiliar local customs.