Word: tariff
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Dates: during 2000-2009
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...struggling economies—a seemingly benevolent function—but conditions those loans on economic reforms that often have damaging effects. For example, loans sometimes call for decreases in government spending, which results in cuts to social services, for wage cuts in order to reduce inflation, for liberalized tariff restrictions to encourage foreign investment, for currency devaluation and for industry privatization and deregulation...
...Russia trade relations are wobbling on a greasy pair of "Bush legs"--that's what the Russians call the chicken drumsticks that have been a popular U.S. product in Russia since the first Bush Administration. As the White House moved toward imposing tariffs on foreign steel in early March, Russia revoked licenses to import U.S. poultry and made the ban effective March 10. Its official beef? Antibiotics and additives used by U.S. poultry farmers may be O.K. for Americans but are too foul for Russians. More likely, the blow to the U.S. poultry industry's $600 million annual sales...
...cover story, Daren Fonda argues that imposing tariffs on imported steel would dramatically increase domestic steel prices and cost thousands of U.S. jobs in steel-using sectors. Unfortunately, the article cites only studies funded by groups opposing the tariff, including foreign steel-mill interests. Many prominent economists, including Robert Blecker of American University, believe that a strong tariff will not result in significant price increases or any job losses. Without an adequate tariff, Blecker argues, the U.S. economy stands to lose more than 300,000 jobs. The President should not bow to the pressures of foreign importers who are profiting...
...prisoners at Camp X-Ray; his repudiation of the Kyoto climate accords in favor of voluntary compliance by U.S. industry; a refusal to lean on Israel, or even to engage deeply in the peace process, for six months as violence has soared; and his decision last week to set tariffs on steel imports, which violate trade rules, to score domestic political points - even though Bush's approval ratings are still stratospheric. The tariff move, on top of Bush's other unilateral steps, "is a huge, huge, huge error," says a British official, because it undercuts U.S. moral leadership just...
...care obligations of its takeover targets--estimated at $13 billion over the actuarial lifetimes of retirees. At Bethlehem Steel--operating under Chapter 11 protection since October--13,000 workers now support benefits for 130,000 recipients. Much of the money, the steelmakers say, could come from revenues generated by tariffs on imported steel. "If we get tariff relief and legacy-cost relief, you're taking money from importers who caused injury and sending it to retirees," says Bethlehem's recently installed CEO, Robert Miller, who helped Chrysler win a government bailout...