Word: tariff
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Dates: during 2000-2009
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...Internally, Bush's economic, foreign and trade policy advisers are warning the President that a high tariff could spark a nasty trade spat with U.S. allies. But most of his domestic and political advisers are telling him protecting U.S. steel is the right thing to do. Bush may try to split the difference with a modest tariff, but both the union and the manufacturers insist that a half-measure won't suffice. One sign that Bush takes the issue seriously: He added it to Vice President Dick Cheney's portfolio. The steelworkers will hold a rally this week in Washington...
...that time need to stop borrowing from state banks to cover their losses, and either learn to compete or fail. To emerge from their predicament--they take people's good money as deposits but make bad loans--the banks must channel that money to productive entrepreneurs. The average tariff on all products will gradually dip below 10%, from 44% in 1991. Nontariff barriers like quotas and licensing will also ease; still harder to eliminate will be such thorns as impromptu road taxes and directed purchasing meant to support local businesses...
...question is, How can we more quickly and evenly spread the wealth that comes from trade? One important point: this is not a question best answered in a fit of rich-world guilt. The World Bank reports, "More than 70% of the tariff burden faced by manufactured goods from developing countries is now imposed by other developing countries." It follows that one way in which wealth can be spread more equitably is for poor countries to help themselves by reducing trade barriers...
...years to attract high-tech firms. Among the enticements: any business that invests $10 million will get five years of tax breaks. Each South Korean will be allowed to spend $1,200 on duty-free purchases from Cheju each year. And perhaps most appealing to business--imports will be tariff free. "It can be an important port for exports to Japan and the U.S.," says Joon Yeob Han, spokesman for the South Korean embassy in Washington--who fondly recalls his honeymoon on Cheju more than 20 years...
...Outgoing co-chair Harriet T. Vostock ‘02 expressed her appreciation of a handful of Doritos by saying, “Amazing!” Things Vostock has previously dubbed “Amazing!” include: the Smoot-Hawley Tariff; the title “The Invasian”; wheels; being in a loving relationship with a cat; the fact that the Earth orbits the sun; stuff: “just. like, stuff”; countless suck-ass article ideas; and fluorescent lights...