Questions tagged [tariffs]

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3answers
1k views

Can imports be banned according to method of production?

If an imported product is functionally indistinguishable from a domestically traded product, but is produced by a different process, are countries free to ban (or apply large tariffs to) that import? ...
0
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1answer
212 views

How long has populism been affiliated with the Republican Party [closed]

Donald Trump has been described as a populist, yet he imposes high tariffs on China. He has gained bipartisan support for this, but there are Republicans who do disagree. Populists, from what I've ...
3
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3answers
423 views

Why did the UK not trade more with countries outside the EU?

The UK is leaving the EU in the process called Brexit. For companies in the UK, the interaction with customers in the EU will become more difficult for the customer. I suspect that it also becomes ...
4
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1answer
182 views

Will the recent US tariffs against Scottish (and more generally UK) products cease to apply after Brexit?

The BBC has some details as to the list of products tariffed by the US as a result of the Airbus WTO ruling. Among these Single malt Scotch whisky According to the Scotch Whisky Association (SWA), ...
3
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2answers
304 views

Did Trump make any concessions in his 'Phase 1' trade deal with China today?

From what I've read, the US agreed to not proceed with a round of tariff increases on Chinese imports, and in exchange China agreed to buy several tens of billions of dollars more in agricultural ...
12
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2answers
3k views

How does the Trump administration justify tariffs on luxury goods?

This question recently asked about the justification for steel import tariffs against China - specifically on the grounds of national security. The answer is through, but also carries the implication ...
10
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2answers
637 views

Why did the EU threaten to retaliate over Airbus-related tariffs even after they were allowed by the WTO?

I'm probably missing something in the long saga of the Airbus-Boeing WTO complaints, but today the BBC reported that: The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods ...
4
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2answers
252 views

Does a tariff of 25% on steel imports do anything other than make steel more expensive in the US?

Donald Trump set the tariff on steel imports to 25% in March 2018. I understand the decision is part of the trade war against China. And the trade war is motivated by the overall strategy of "Make ...
11
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1answer
231 views

When is a US tariff actually paid?

Trying to understand when a tariff is actually imposed & paid on goods coming into the US. The Trump administration has announced at various times changes in tariffs to be imposed on certain ...
8
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1answer
250 views

What are the groups that can legally challenge Trump's tariffs and can they have them reversed?

In a Wikipedia article about Trump's tariffs, it is argued that Trump's tariffs are illegal and The American Chamber of Commerce is considering suing. Can any other group other than them sue Trump and ...
2
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1answer
337 views

What happens if a country does not abide by WTO rules?

I've read a few articles lately about Brexit (for example this one at The Guardian and this one at the BBC) that take it for granted that the tariffs and conditions set by the WTO would have to be ...
2
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2answers
134 views

Are Common External Tariff levels in the EU agreed via qualified majority voting or unanimity?

Are Common External Tariff levels decided by qualified majority in the Council of Ministers? Or are these classified as taxation and therefore need unanimous agreement?
10
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3answers
829 views

What is the legal basis for the Trump administration's decision to impose and then remove tariffs?

I'm no expert on the applicable law regarding tariffs and international trade, but I do know that the most famous tariff policy in US history was the Smoot-Hawley Tariff Act, named after two members ...
2
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1answer
296 views

Who sets US tariffs, Congress or the executive branch? [duplicate]

I am pretty sure that tariffs are supposed to be set by laws enacted by Congress in the United States, at least according to the Constitution. However, I keep hearing about this or that president ...
2
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2answers
370 views

Does GATT Article 24 mean that a transitional tariff regime is permitted if the UK leaves the EU without a negotiated exit arrangement?

Does GATT Article 24 mean that a transitional tariff regime is permitted if the UK leaves the EU without a negotiated exit arrangement? Article 24, paragraph 5: Accordingly, the provisions of this ...
6
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1answer
961 views

How will Trump’s tariffs affect North Korea?

How will Trump’s tariffs affect North Korea? Do tariffs mainly worsen the condition of the North Korean economy?