import surcharge

import surcharge

an extra duty placed on an imported good by the government, over and above existing rates of import duty customs duty or tariff. Import duties are used primarily to discourage imports as a means of protecting the country's BALANCE OF PAYMENTS.

import surcharge

a special TAX levied on IMPORTS (over and above existing TARIFF rates). Import surcharges are employed primarily as a (temporary) means of assisting in the removal of a balance-of-payments deficit. See IMPORT RESTRICTIONS, BALANCE OF PAYMENTS EQUILIBRIUM.
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Nixon imposed a 10 per cent import surcharge in response to the US trade deficit, and predicted that, "It will have huge consequences for the global trading order.
Members of trade unions hold a protest against US President Donal Trump's import surcharge on Brazilian steel and in defence of their employment, outside the US consulate in Sao Paulo, Brazil, yesterday.
The European Commission takes note of the announcement by the President of the United States of the imposition of restrictions in the form of an import surcharge on EU exports to the US of steel and aluminium.
Yesterday, the European Commission took note of the announcement by the President of the United States of the imposition of restrictions in the form of an import surcharge on EU exports to the US of steel and aluminium.
There has been a lot of discussion recently about the effects of Brexit on farming so to help our farmers all imported items that can be grown in the country should carry a 100 per cent import surcharge, those items not capable of being grown in this country a 50 per cent charge (you want to eat trendy avocado then you should pay for it), unless from a Commonwealth country when it would be 25 per cent.
In 1971, President Nixon imposed a temporary import surcharge to help negotiate devaluation of the overvalued dollar, a step partly taken under pressure from Congress.
Bergsten has worked out a clever but strained rationale for how his import surcharge defends free trade: China and the others, he says, are manipulating their currencies to gain trading advantage.
And the import surcharge introduced by Slovakia in 1999 was phased out by January 2001, in accordance with the envisaged timetable, which should help bilateral trade.
That as-yet-unnamed vehicle is expected to replace the pricey and Japan-made Toyota 4-Runner, which suffers on the sales floor thanks to a 25-percent import surcharge because it is made in Japan.
The import surcharge, after having been progressively reduced, was eliminated on schedule in July, and a major pension reform was passed.
But immediately introduced an import surcharge when I became finance minister in September 1993 because of the unfavorable balance of payments.
Automotive parts should be subject to a uniform treatment regarding the levy of sales tax, import surcharge and lqra, whether they are sold to the Original Equipment Manufacturers or in the commercial market.