Tariff Barrier

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Tariff Barrier

A tariff designed to make imports more expensive than domestically produced products. That is, a tariff barrier is a tax imposed upon imports to protect local industries and companies. Critics, notably the WTO, have criticized tariff barriers because they believe they discourage international trade and because they may have net negative effects on the economy in the long run. However, proponents of tariff barriers argue that they can force countries to develop their own domestic industries. See also: Import substitution industrialization, Free trade.
References in periodicals archive ?
The severity of the global recession has fuelled fears that it could prompt governments to raise tariff walls and subsidies to protect their food industries: both types of protection have already been increased this year by the European Union (EU)--for instance new dairy market intervention--and the United States--retaliatory duties to the EU's hormone-treated beef ban is one example.
Cotton textiles, which became Britain's leading industrial sector, were unprotected; it was the older linen and woollen industries that hid behind tariff walls.
To provide high-wage jobs for low-skill American workers, he wants zero net immigration and a "social tariff" penalizing companies that invest abroad; to teach people skills, he wants "single-payer education" from kindergarten to college; he wants tariff walls and national health insurance.
And some people are calling for huge bureaucracies to pile more bricks on top of our already high tariff walls.
Australian manufacturers exported products worth more than $2 billion to China last year despite that country s high tariff walls.
He noted that instead of hiding behind high tariff walls the agriculture sector needed to focus on improving its competitiveness.
someone who believes that nation states can best survive in a wider trading group that has a common identity forged by strong tariff walls.
In response to the collapse of demand in 1929, it erected high tariff walls.
So in a post-Doha world, these countries could protect their leaf (and associated manufacturing) industries with higher tariff walls, while having often free access to overseas markets--global tobacco companies will doubtless take note.
Hafeez Pasha said the report prepared by MHDC suggests that the export encourages South Asian countries to protect their local industries behind tariff walls, thereby narrowing the scope for intra-regional exports.
Sales in April were 20% higher than the same month in 2009 and, with continuing high tariff walls against importing new cars, look set to keep boosting local production.
First, the innocent one: the Chinese government may have been legitimately protecting infant automobile or computing industries (both high tariff products), nurturing them behind tariff walls regardless of the short-run losses in revenue.