Tariff Barrier

(redirected from Tariff Wall)
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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 ?
Ashley employed this latter work to show that the protectionist policies of Imperial Germany had induced an improvement in the conditions of the German working class, partly because of the expansion of production that took place behind the tariff wall and partly because of the social welfare policies that were financed by the tariff revenue.
Just as Pat Buchanan was calling for a tariff wall around America's workers, this mother -- like the parents with their dozing children at the South Carolina Christian Coalition meeting for candidates late that evening -- was building a wall around her children.
Hurtig also emphasizes the vital point which most economists ignored in their enthusiasm for free trade with the US, namely that US plants which originally located here to serve the Canadian market behind the tariff wall have no further incentive to remain here once those tariffs are removed, even if the current recession ceases.
Customs Union The Customs Union is the arrangement under which goods can be traded within the EU with-out tariffs, while goods from outside the EU face a tariff wall that is common to all member states.
The parliamentary secretary to the Minister of International Trade, companies like Viceroy are stymied by an 8% tariff wall that makes it harder for them to compete, according to Durham MP Erin O'Toole.
Or it can (again, in theory) nurture "infant industries" behind a tariff wall to reap greater productivity gains later.
TOKYO, March 31 Kyodo Japan's parliament enacted a bill Wednesday to fully open the nation's rice market under a high tariff wall intended to protect domestic rice growers.
He cites the FTA and NAFTA as two forces which battered the protective tariff wall Canada had built; a wall that had allowed often unproductive national firms to thrive.
NISSAN and the Tory Government have denied that the manufacturer's decision to build two new car models in Sunderland was the result of a "sweetheart deal" protecting it from any EU tariff wall post-Brexit.
NISSAN and the UK Government have denied that a special "sweetheart deal" protecting the manufacturer from any post-Brexit EU tariff wall was behind the company's move to boost production at its Sunderland car plant.
A customs union raises prices inside the tariff wall of the European Union.
This indicates how closely integrated the US and its trading partners have been and erecting high tariff walls and resorting to other protectionist measures is bound to hurt not only ASEAN but the US as well.