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.
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References in periodicals archive ?
India has been a beneficiary of its high tariff wall in terms of FDI.
"Behind a tariff wall built by Washington, Hamilton, Clay, Lincoln, and the Republican presidents who followed the United States had gone from an agrarian coastal republic to become the greatest industrial power the world had ever seen--in a single century.
move, the Chinese government has said it plans to put up a tariff wall on $94 million worth of U.S.
The weight of this argument is compounded by the fact that a small number of agribusiness companies in Japan have made super-profits protected behind the Japanese tariff wall and subsidy system.
Thus the farmer must meet the competition of the world, while our friends, the manufacturers, are protected by a strong tariff wall, which enables them to make their own prices.
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.
Bowron was a the son of an English Quaker industrialist (glass and chemicals), who formed a British syndicate in the early 1870s to invest "behind the tariff wall" of the American iron industry.
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.
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.