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.
References in periodicals archive ?
In retaliation, he threw prohibitive tariffs over imports of Turkish steel and aluminum and has halted the sale of a batch of F-35 stealth jets to Turkey.
And the EU would contemplate concessions only if the US offers some in return -- such as eliminating its prohibitive tariffs on imported light pickup trucks and vans -- and only if other exporters like Japan and South Korea go along.
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. After Lawrence was arrested and extracted from his refuge in Britain (smuggling was not an extraditable offense, so the U.S.
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.
Europe's car makers blame prohibitive tariffs as well as local taxes, which in total could amount to as much as 100% of the price of an imported car.
We are launching an African free trade initiative to help break through trade barriers such as bureaucracy and prohibitive tariffs. We will support Africans in making trade in Africa faster and easier, and encourage African entrepreneurs to grow their businesses by opening up access to new markets.
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 contrary, the initial steps of trade policy reform, often involving the reduction of prohibitive tariffs and tariffication of quotas, may even lead to an increase in trade tax revenues [Ebrill et al., 1999].
In 1982, Mexico's immediate response to the debt crisis was to drastically slash imports, building a protective fortress through stringent import quotas and prohibitive tariffs. Mexican imports fell by more than 50 percent, from $24 billion in 1981 to only $9 billion in 1983.