Word: tariff
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This sort of tariff would undoubtedly hurt schools’ fundraising programs: If donors knew that the money they bequeathed to their alma mater would partially or fully be heading to the state (or push the target college or university over the $1 billion mark), they would think twice before writing that check. While the donations that some of these schools receive are more than just hefty, the amount of money schools would be required to give under this tax would often be even greater. For example, under this law, Harvard would have to pay $875 million dollars...
...milk in 2006, the government ordered about 1,000 tons of raw milk poured down the drain and dairy cows slaughtered to prop up prices and defend local milk farmers. Dairy prices were then managed to retain their advantage to imported milk and butter, whose prices were inflated by tariffs. (To protect domestic butter, the tax on imported butter went up twice last year. There is a nearly 30% tariff on butter imports...
...meantime, prices for Japanese butter are going up and the government announced that Japan may need "emergency" butter imports, A government-backed body would then purchase butter at a lower tariff...
...Zealand natural's ice creams go down a treat in China. The popularity of flavors like Chocolate Ecstasy and Green Tea has helped the company build 43 outlets in the People's Republic in two and a half years. But a 19% tariff on imported ice cream takes a giant lick out of the profits. "It's an awful margin that just goes to the Chinese government rather than allowing us to make a better return," says CEO Shane Lamont. When 150 New Zealand trade officials and businessmen take off for Beijing this weekend, Lamont's hopes of seeing...
...Zealand are both members of the World Trade Organization, but bilateral trade deals are seen as a way to further open export markets. New Zealand would like to follow Australia's lead and sign one with the U.S., but a deal with China is just as pressing. Lopsided tariff barriers - China's go as high as 38%, while New Zealand has almost none - and agrarian Kiwis' growing dependence on Chinese machinery, electronics, clothing and furniture are tilting the scales ever more steeply in Beijing's favor. New Zealand's trade deficit with China is its biggest with any nation...