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tariff walls

   Also found in: Financial 0.01 sec.
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tariff walls
pl (Econ) → Zollschranken pl


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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.
Then tariff walls were so high that the duty on anything from straight pins to automobiles meant nothing got into the country.
Trade and foreign ministers met for two days of in-depth talks in Peru's capital Lima seeking a formula to tear down tariff walls -- the key roadblock in global trade negotiations -- by year end.
 
 
 
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