high tariff

Examples (10)

• The country imposed high tariffs on luxury imports to protect domestic industries.
• Businesses are deeply concerned about the potential impact of high tariffs on their profit margins.
• Historically, high tariffs were a common tool used by nations to shield their nascent industries.
• Negotiations between the two trading blocs aim to significantly reduce high tariffs on agricultural products.
• Consumers often end up bearing the cost of high tariffs through higher prices for imported goods.
• The government's controversial decision to implement high tariffs sparked a major international trade dispute.
• Many developing nations struggle to compete in global markets due to the burden of high tariffs on their exports.
• Economists continue to debate whether high tariffs genuinely stimulate local production or merely stifle trade.
• Advocates for free trade consistently argue for the complete removal of high tariffs and other trade barriers.
• The manufacturing sector experienced a temporary boost following the introduction of high tariffs on foreign competitors.