Word: tariff
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Dates: during 2000-2009
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...Temporarily, at least, the announcement should also placate hawkish politicians in the U.S. and Europe who were lobbying for protectionist measures to stem the tide of Chinese imports. Legislation in the U.S. that would have imposed a 27.5% tariff on all Chinese imports if Beijing didn't revalue?a measure that received an unexpected level of support in the Senate earlier this year?now appears to be going nowhere. Also easing anti-Chinese sentiment in the U.S. were setbacks last week to two attempted acquisitions of U.S. firms by Chinese companies. Mainland appliance maker Haier dropped its $1.28 billion offer...
...critics of China will likely keep agitating for a full float of the yuan?mean-ing that it would trade at whatever exchange rate the market determines. "We expect more," said U.S. Senator Charles Schumer, one of the sponsors of the bill that would impose a punitively high tariff on Chinese imports...
...joining the European Community on Jan. 1, Spain and Portugal have declared an end to centuries of economic isolation. Their tariff walls will gradually be dismantled, and the two countries will take on both the risks and rewards of in creased trade with their neighbors. For an assessment of what this change will mean for the economies of Spain and Portugal, TIME invited Jose Luis Leal, Spain's Minister of the Economy in 1979 and 1980, to the Madrid meeting of its European Board of Economists. His conclusion: Spain and Portugal might suffer a few short-run shocks from...
...enormous extent of the President's memory impresses me," says Morris. On almost any subject from the past half-century that Morris has raised, Reagan has had an observation based on firsthand experience: the Depression, the Smoot-Hawley Tariff, the rise of fascism, name it. Nothing escapes Morris' scrutiny. He has become convinced, for instance, that that lush, indestructible head of dark hair plays a part in the imagery of perpetual Reagan youth and thus in his remarkable leadership...
...backing up the tough talk. Within the past 10 days, the U.S. has twice imposed limits on apparel imports from China, and Congress is considering a 27.5% tariff on all Chinese imports. Those shipments were up 54% in the first quarter over the same period last year, after the Jan. 1 removal of quotas on textile imports--an event for which the U.S. had a decade to prepare...