Word: tariff
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Dates: during 2000-2009
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...milk in 2006, the government ordered about 1,000 tons of raw milk poured down the drain and dairy cows slaughtered to prop up prices and defend local milk farmers. Dairy prices were then managed to retain their advantage to imported milk and butter, whose prices were inflated by tariffs. (To protect domestic butter, the tax on imported butter went up twice last year. There is a nearly 30% tariff on butter imports...
...Zealand natural's ice creams go down a treat in China. The popularity of flavors like Chocolate Ecstasy and Green Tea has helped the company build 43 outlets in the People's Republic in two and a half years. But a 19% tariff on imported ice cream takes a giant lick out of the profits. "It's an awful margin that just goes to the Chinese government rather than allowing us to make a better return," says CEO Shane Lamont. When 150 New Zealand trade officials and businessmen take off for Beijing this weekend, Lamont's hopes of seeing...
...Zealand are both members of the World Trade Organization, but bilateral trade deals are seen as a way to further open export markets. New Zealand would like to follow Australia's lead and sign one with the U.S., but a deal with China is just as pressing. Lopsided tariff barriers - China's go as high as 38%, while New Zealand has almost none - and agrarian Kiwis' growing dependence on Chinese machinery, electronics, clothing and furniture are tilting the scales ever more steeply in Beijing's favor. New Zealand's trade deficit with China is its biggest with any nation...
...definitely very exciting to say, okay, we have a developing country, what should the tariff be? Should it be zero? No, because we need some tax revenue,” Foote said...
...reality, I'm also inclined to doubt that the Wiley Wildcats always got to argue in the affirmative for Civil Disobedience and against Segregated Education as they do here. If memory serves, debaters in the past often had to snore their way through matters like the Smoot-Hawley Tariff...