trigger price

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Trigger Price

A price at which an import causes the importing country automatically to impose a tariff or quota. For example, a country may have a law stating that if an import falls below $10 per unit, a tariff is imposed that results in the import becoming $13 per unit. Trigger prices are used when the importing country generally wishes to promote free trade but does not want importers to undercut domestic industry.

trigger price

The specific price of an imported item below which a quota or tariff will be put into effect. A trigger price is imposed to keep foreign competitors from undercutting prices charged by domestic companies in the domestic firm's home market.
References in periodicals archive ?
Martyn Phillips, Head of Buyouts, JLT Employee Benefits, commented: "The trigger price mechanism has enabled us to achieve demanding price targets for the JLT UK Group Pension Scheme for this Au85m pensioner buy-in contract, and for the Au120m pensioner buy-in concluded for the scheme in October 2013.
had to resort to a complicated trigger price mechanism to fend off foreign competition and in the 1980s to negotiating voluntary restraint agreements with our trading partners to avoid pursuing antidumping cases against them.