low tariff
Frequency: 7.814.1 per million words
A small tax on imported goods.
Categories:
Examples (10)
- Many developing nations advocate for low tariffs to boost their exports.
- The agreement aimed to establish a zone with exceptionally low tariffs on all goods.
- Such a policy of low tariffs often leads to increased competition in the domestic market.
- Historically, periods of peace were sometimes accompanied by low tariffs to encourage international trade.
- Consumers benefit from low tariffs because imported goods become more affordable.
- The government decided to implement low tariffs on essential food items.
- Negotiations are ongoing to achieve even lower tariffs on agricultural products.
- With low tariffs, the country hopes to attract more foreign investment.
- Critics argue that consistently low tariffs can harm local industries.
- The new trade deal promises significantly low tariffs between the two economic blocs.