Word: tariff
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Dates: during 2000-2009
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...Until now. A widening trade dispute threatens to ratchet up tension in the China-U.S. relationship, with potential consequences for the entire world economy. The spat began on Sept. 11, when the Obama Administration announced it will slap tariffs of as much as 35% on Chinese-made tires, effectively pricing them out of the low end of the American market. Two days later, China's Ministry of Commerce said it would start antidumping investigations against imports of some U.S. chicken products and auto parts. Though the ministry's announcement made no mention of the tire tariffs, the timing...
...That can be seen clearly in the continuing stream of agreements tying together regional powers. In August, India inked two FTAs in a week, with South Korea and the 10-member Association of Southeast Asian Nations (ASEAN). ASEAN and China are scheduled to bring most of the final tariff reductions of an FTA signed in 2004 into full effect by 2010. More deals are likely. Taiwan President Ma Ying-jeou has made his policy priority reaching a comprehensive economic framework with China that would reduce tariffs on Taiwan goods entering the Chinese market. Yukio Hatoyama, Japan's presumptive Prime Minister...
Duprey and many others in the renewable-energy industry would prefer a feed-in tariff, which requires utilities to buy alternative electricity at above-market rates. Feed-in tariffs have already been used with considerable success in European countries like Spain and Germany, where renewable power has achieved greater penetration than in the U.S. But there seems to be little chance of that happening in Washington, in part because the nascent renewable-energy industry lacks lobbying might. "It's hard out there for us," says Duprey. "We're not as well organized as the coal or nuclear industry." Renewables like...
...over time. We want to negotiate with the mainland about some of the products we consider most urgent. For instance, pertrochemicals, auto parts, textiles, these products constitute a large percentage of our exports to the mainland. Beginning next year, the same products from (Southeast Asian countries) will have no tariffs, but ours will face tariff rates from 5% to 15%. That will kill our industries. The mainland has already indicated interest in signing an agreement with us. In the last year we've signed nine agreements focusing on air transport; a financial supervisory mechanism covering stocks, futures and insurance companies...
...watch Republican National Committee (RNC) gaffe machine Michael Steele riff on his hip-hop vision for the party or Texas Governor Rick Perry carry on about secession or Minnesota Congresswoman Michele Bachmann explain how F.D.R.'s "Hoot-Smalley" Act caused the Depression (the Smoot-Hawley Act, a Republican tariff bill, was enacted before F.D.R.'s presidency), but haplessness does not equal hopelessness. And yes, the Republican brand could benefit from spokesmen less familiar and less reviled than Karl Rove, Dick Cheney and Newt Gingrich, but the party does have some fresher faces stepping out of the wings. (Read seven clues...