| Between now and 2005, tariffs will be slashed on a wide variety of products, and all import quotas will be abolished. |
| In any event, the whole episode has given rise to the same mercantilist arguments that have always been used to justify tariffs. |
| Brown chose to include consideration of the incidence of import and export levies or tariffs in his text. |
| As tariffs fell, the focus shifted to eliminating import quotas, which distort market behavior and the allocation of resources. |
| Many governments put tariffs on the import of goods, whether stated as an import duty or a sales tax only on imported goods. |
| Under the curb, effective for 200 days, higher tariffs will be imposed if imports exceed quotas allocated to importers. |
