retaliatory tariffs
Reciprocal import taxes
Retaliatory tariffs are import taxes imposed by one country in response to tariffs levied against it by another.
When Country A raises tariffs on Country B's goods, Country B may retaliate with matching or escalating tariffs on Country A's exports: The retaliatory tariffs on American soybeans hurt Midwest farmers.
Such measures often spiral into trade wars.
- trade warRetaliatory economic hostilities
- trade negotiationsFormal commerce agreement discussions
- protectionismShielding local producers
- trade lawRules governing business exchanges
- tit-for-tatEquivalent retaliation strategy
tit for tat · punitive measures · import quotas · geopolitical strategy · trade partners · trade barriers · trade sanctions · export restrictions · customs duties · bilateral trade · cross-border disputes · supply chain disruption · trade deficit · levies · quotas · soybeans · WTO · aluminum
- tradetrade balance, free trade, trade barriers, customs, trade deficit
- trade policyfree trade, quotas, protectionism, sanctions, customs
- trade barrierstrade barriers, import quotas, import ban, export ban, import restrictions
- trade lawtrade law, trade regulations, trade laws, trade treaties, commercial law
- trade tariffsimport duties, customs duties, export duties, duties, GSP
- coercionduress, coercing, compelling, threat, forcing
retaliatory tariffstariff reduction
Decrease in import taxes
free trade · tariff cuts · open markets · trade agreements · customs union
retaliatory tariffstrade agreements
Formal accords on commerce