Word: tariff
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Dates: during 2000-2009
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...nchez de Lozada to resign. In Peru, the polling firm APOYO has found that only around one-third of voters agreed with their government's decision to take Peru out of the G-22. Lula and Brazil have harnessed decades of pent-up frustration with hefty U.S. tariffs. For example, Brazil and the U.S. together produce 90% of the world's orange juice. Brazil exports all but 1% of its juice, while Americans guzzle 68 million glasses a day - a more than $3 billion market. But to protect U.S. citrus growers, Washington slaps a whopping 52% tariff on Brazilian...
...America was in love with SUVs' rugged looks and capacious interiors. The Ford Explorer became one of the best-selling vehicles of the decade. Normally an American success would be quickly challenged by foreign competitors, but SUVs were protected. In 1964 the U.S. had placed a 25% tariff on foreign light trucks in retaliation for a European tariff on U.S. chicken. The tariff still exists, but foreign manufacturers evade it by building light trucks at U.S. plants or in Canada and then importing them under the North American Free Trade Agreement. That's why BMW, Honda, Porsche a* And Toyota...
...Year's gift to grocery shoppers on both sides of the Rio Grande, the U.S. and Mexico on Jan. 1 eliminated most of their remaining tariffs on agricultural products, under provisions of the NAFTA accord. But many of Mexico's farmers are trying to stem the flood of heavily subsidized U.S. produce, especially apples, pork and chicken parts. Last month thousands of Mexican protesters threatened to block border crossings, and a few burst into their country's Congress on horseback. U.S. poultry producers, concerned that Mexico will erect such nontariff barriers as additional health inspections on chicken, have worked with...
...make Southeast Asian markets more competitive in the globalized economy, the organization sought to reduce regional tariff barriers, recently dropping tariffs among the six original signatory nations by 5 percent...
...reforms. A Shanghai-based executive for a European sporting-goods company dismisses the notion that China's entry into the World Trade Organization (WTO) will eliminate trade barriers. Even after the WTO agreement kicks in, his company will still have to pay an amount double the current national import tariff to ship his sneakers from Shanghai to the central city of Chongqing, because of protectionist fees imposed by provincial governments. Earlier this year, a U.S. automaker discovered that sending a sedan from Shanghai to northern Ningxia province is more expensive than shipping it from Detroit to Shanghai because truckers have...