Word: tariff
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Dates: during 2000-2009
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...past, India and China have often worked together at the WTO on issues of common interest such as seeking an end to agricultural subsidies and non-tariff barriers in developed countries' markets. But the current trade dispute may be divisive partly due to the dire straits of China's toy industry. The Chinese Ministry of Commerce last month announced that nearly 1,000 Chinese toy exporting companies in its Guangdong province had closed...
...China trade rumble. Both countries are in the midst of serious economic pain, which trade tensions would only worsen. There are enough comparisons with the Great Depression out there already without dredging up the memory of Smoot-Hawley, the 1930 legislation in the U.S. that put a tariff on some 20,000 imported goods - to devastating effect on trade...
...subsidies that helped support the rapid growth of alternatives in countries like Spain and Germany are being scaled back just as the technologies have taken off. At the moment, Germany has some 60% of the solar panels in the world, thanks in part to the so-called feed-in tariff, which guarantees that utility companies will buy renewably generated power at above market rates. But further growth could stall. Corn ethanol in the U.S. - which many environmentalists believe doesn't deserve the term "renewable" - has cratered, also hurt by rapidly falling gas prices. Most of all, however, clean tech businesses...
...traditional tariff is not the only tool governments are using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies...
...French government officials are fighting mad following Thursday's announcement by U.S. trade authorities that Washington is tripling the tariff on Roquefort cheese imports from France. The famous blue-veined delicacy is among scores of European products targeted by a 100% levy the U.S. imposed in 1999 in retaliation for the European Union's longstanding ban on hormone-treated American beef on the grounds that it may be unsafe to eat. But unlike other goods on the list - truffles, ham, chocolate, mineral water, sausages, and certain fruits and vegetables - Roquefort is the only one whose tariffs is to be boosted...