Meaning of countertariff | Babel Free

Definitions

A tariff created in retaliation to another tariff.

Examples

“But if this were not true, the bitterness and animosity generated throughout the world toward our people by the Tariff Act of 1929 has produced countertariff walls in every direction to accomplish the same thing.”

“Although Hildburghausen had asked for "a common or at least a uniformly organized countertariff", Bülow in his answer to Saxe-Hildburghausen gave a precise analysis of the advantages Prussia would receive if the enclaves should join her customs system.”

“[…]foreign earnings of American dollars are reduced by this tariff to the point that other nations can no longer buy the agricultural goods, regardless of the imposition or nonimposition of a countertariff.”

“Within days, Xi announced that China was taking the United States to the World Trade Organization over the import tariff (a case he felt certain China would win) and imposed a 45 percent countertariff on U.S. imports.”

“Just under 40% of global corporate revenue is earned in international markets, with 18% possibly at risk from proposed U.S. tariffs and potential countertariffs.”

“Smith, speaking during a town hall in Medicine Hat Tuesday, said step one for the premiers was to agree to the federal government’s staggered countertariff plan targeting exports to the U.S. that Canada can easily get elsewhere.”

CEFR level