protective tariff


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protective tariff

n
(Economics) a tariff levied on imports to protect the domestic economy rather than to raise revenue
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.protective tariff - a tariff imposed to protect domestic firms from import competition
tariff, duty - a government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries"
anti-dumping duty - a tariff imposed to prevent dumping
Translations

protective tariff

n (Econ) → Schutzzoll m, → Schutzgebühr f
References in classic literature ?
'You may be cajoled into imagining that your own special trade or your own industry will be encouraged by a protective tariff, but it stands to reason that such legislation must in the long run keep away wealth from the country, diminish the value of our imports, and lower the general conditions of life in this island.'
A protected industry goes to sleep, and monopoly, like the protective tariff, kills it outright.
It would finally remove the great protective tariff wall that Brazil has placed around itself and, in the EU, bring both Spain and Portugal into the economic limelight.
Maize imports have a high protective tariff of 50 percent until there is a shortage and then suddenly maize can be imported duty-free.
'Protective tariff is an interim measure to save local industries to ensure that our local industries can compete globally.
He said high protective tariff, average nominal 26.6 percent, is also responsible for price hike of the consumer goods.
Most of the revenue came from the protective tariff, which comprised over 50 percent during the 1870s and 1880s.
In the past three years, with no protective tariff for local producers, imports have grown from 95,000 tons annually to 195,000 tons.
In a bid to protect margins, local steel producers have consistently utilised the rebar protective tariff to the fullest, and maintained local rebar prices long after the slump of benchmark prices.
Campaigning for Henry Clay, "The Father of the American System," in 1844, Abe Lincoln issued an impassioned plea: "Give us a protective tariff and we will have the greatest nation on earth."
The 30 percent import tariff just imposed on imported solar panels and solar cells is a protective tariff without benefit.
This program included a Homestead Act, a Land Grant Education Act, an income tax, a protective tariff, and, by the Civil War's end, a constitutional amendment to abolish slavery.